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$ 2,100,000
Est. payment /mo
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5545 Mary Lane Drive San Diego, CA 92115
10 Beds
5 Baths
6,400 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision College Park West (Cpw)
MLS Listing ID 260026770
Bedrooms 10
Full Baths 5
Year Built 1988
Lot Size 6,400 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Two detached units on one lot in a prime location, just 1/3 mile from San Diego State University! Situated on a wide 6,400-square-foot lot, 5545-47 Mary Lane Drive is comprised of a 6 Bedroom/3 Bathroom front house and a 2019 construction, 4 Bedroom/2 Bathroom ADU in the rear. Both units feature modern finishes, private fenced yard & patio spaces, and dedicated on-site or in-unit laundry. The front residence has exclusive use of the long driveway with tandem parking for three vehicles. Additionally, each unit receives four street parking permits for a total of eight permits. Both units are leased through July 2027, generating a combined monthly income of $11,495, with professional third-party property management already in place. Historically, the property has secured leases 7–10 months in advance of each academic year, due to its highly desirable location, unit layouts and high-end finishes. The property is already being marketed for the 2027–2028 academic year at a projected 5.0% cap rate. This is an outstanding opportunity to acquire a well-established, income-producing student rental property, on a highly desirable street.
Location
State CA
County San Diego
Area Metro Uptown
Direction Google Maps and Apple Maps are accurate.
Interior
Heating Wall/Gravity
Cooling Central Forced Air, Wall/Window
Fireplace No
Exterior
Fence Partial
View Y/N No
Roof Type Composition
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 466-150-14-00
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Tyler Joseph Rex Hadzicki, DRE#02080349 Coldwell Banker Realty
NEARBY SCHOOL & BUSINESS
