5205 Tipton St, Talmadge/San Diego Central, CA 92115
- $999,000
- 2
- BD
- 1
- BA
- 936
- SqFt
- List Price
- $999,000
- Price Change
- ▼ $150,000 1783987332
- Days on Market
- 61
- Status
- ACTIVE
- MLS#
- 260012947
- Bedrooms
- 2
- Bathrooms
- 1
- Living Sq. Ft
- 936
- City
- Talmadge/San Diego Central
- Neighborhood
- College Area
- Property Type
- Single Family Residential
- Year Built
- 1951
Property Description
Permits ready to issue on an approved 2-unit project in the heart of SDSU's rental corridor — plans are approved and entitlements are in hand,zoned RS-1-7 within the SDA, TPA, and College Community Plan. No entitlement risk, no waiting; approved plans convert the existing SFR intoa 5BD/3BA ADU and 6BD/2.5BA SFD totaling 3,048 SF across two large-format units purpose-built for the student rental market. Oncestabilized, the project is projected to generate $15,050/month in gross rental income. Phase 2 presents a clear path to adding a 3rd unit by-right in the rear, unlocking additional density and income upside beyond what's already approved. Plans in Documents tab.
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Additional Information
- Roof
- Other
- Cooling
- Other, Window/Wall
- Laundry
- Other
- Heat Source
- Other
- Parking Garage Spaces
- 2
Mortgage Calculator
Listing courtesy of Listing Agent: Daniel A Sipher (408-368-5225) from Listing Office: Landmark Multifamily and Development.
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