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$ 1,199,000
Est. payment /mo
Price Dropped by $101K
5205 Tipton St San Diego, CA 92115
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision San Diego
MLS Listing ID 260012860SD
HOA Y/N No
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 into a 5BD/3BA ADU and 6BD/2.5BA SFD totaling 3,048 SF across two large-format units purpose-built for the student rental market. Once stabilized, 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.
Location
State CA
County San Diego
Area 92115 - San Diego
Zoning RS-1-7
Interior
Fireplace No
Exterior
Fence Partial
Utilities Available See Remarks
View Y/N No
Building
Lot Description Level
Water See Remarks
Others
Senior Community No
Tax ID 4670720800
Virtual Tour https://www.propertypanorama.com/instaview/snd/260012860
Listed by Daniel Sipher Landmark Multifamily and Development #02043589