5261 TIPTON, SAN DIEGO, CA 92115

6 Beds, 3 Baths, 1764 Sqft

$1,075,000

Sold Price:$1,070,000

Sold Date:05-01-2023


Outstanding Investment Opportunity! Presenting a fully turn-key, "minidorm" style student rental situated in a prime location, just steps away from SDSU. Nestled on a sought-after street renowned for student rentals, this 6-bedroom property is currently leased for $6,000 per month to a group of SDSU students. A new lease with a fresh group of SDSU students is set to commence on July 5, 2023, at an increased rate of $6,900 per month. The current owner has meticulously remodeled and expanded the house, obtaining necessary permits to add bedrooms, bathrooms, and convert the garage. All work was carried out under the guidance of a leading student housing expert management company in this highly desirable area. Explore the potential to build an ADU on the property, as neighboring homes have successfully rented their ADUs for $4,500+ per month. Due to the consistently high demand for student rentals in this prime location, the property has experienced annual rent increases nearly every single year per the owner. With its proximity to SDSU, this investment offers low vacancy, ensuring a stable and reliable income stream. Expertly managed by a top-notch student rental management company, this property offers an unbeatable location close to campus, shopping centers, dining options, and convenient freeway access. The spacious backyard features a jacuzzi, providing an excellent space for relaxation and entertainment. Don t miss your chance to capitalize on this exceptional income-generating opportunity!



DETAILED INFORMATION
MLS#:230005073Sold Price:$1,070,000
Sold Date:05-01-2023 Original Price:$1,175,000
List Status:SoldProperty Type:Detached
Parcel Number:467-072-01-00School District:
Days on Market:49Sqft:1764
Complex Name:Sold Price Per Sqft:$607
Subdivision:College Area SdsuStories:1 Story
Community:San DiegoBed:6
Year Built:1951Baths:3
Zoning:Arch. Style:
Pool:N/kLot Size:4,000-7,499 Sf
Spa:Lot Sqft:7000
Exterior:WoodLot Description:
Floors:Acres:0.00
Roof:CompositionAge Restrictions:N/k
Water:Meter On PropertyTopography:Level
Sewer:Sewer ConnectedFireplace:
Fence:FullPets:
Association Name:Assoc Phone:
Association Fee:$0Assoc Includes:
Assoc Fee Paid:Heating:N/k
Other Fees:$0Cooling:N/k
Other Fee Paid:Other Fee Type:
Mello Roos:$0Mello Roose Paid:
Master Bedroom:14x11Family Room:10x10
Bedroom 2:13x10Bedroom 3:14x11
Bedroom 4:10x10Bedroom 5:10x0
Kitchen:18x13Living Room:22x13
Other Room:Miscellaneous:
Additional Land Use:Parking:None Known
Boat Facilities:Security:
Guest House: Patio:
Frontage:Telecommunications:
Irrigation:Equipment:Dishwasher,disposal,dryer,refrigerator,washer,gas Range
Amenities:Laundry:Closet Stacked
Property Management:Property Management Phone:


HOW THIS HOME COMPARES TO NEARBY CURRENTLY FOR SALE
  ADDRESSSUBDIVISIONMARKET DAYSSQFTLIST PRICELIST PSQFT

  5348 WEST FALLS VIEW, SAN DIEGO, CA 92115WEST COLLEGE343200 $1,899,000$593
  5228 JUDSON WAY, SAN DIEGO, CA 92115COLLEGE AREA411015 $799,000$787
  5669 ASHLAND AVE, SAN DIEGO, CA 92120DEL CERRO22152 $949,000$441
  4795 62ND STREET, SAN DIEGO, CA 92115COLLEGE EAST10716 $739,000$1,032
  5670 GENOA DRIVE, SAN DIEGO, CA 92120DEL CERRO302276 $1,799,000$790
  6570 HILLGROVE DR, SAN DIEGO, CA 92120DEL CERRO72494 $1,799,990$722
  5226 69TH ST., SAN DIEGO, CA 92115SAN DIEGO36874 $889,000$1,017
  5797 ADOBE FALLS RD, SAN DIEGO, CA 92120DEL CERRO21604 $999,000$623
  5821 BARBAROSSA COURT, SAN DIEGO, CA 92115TALMADGE282284 $1,150,000$504
  4628 REVILLO WAY, SAN DIEGO, CA 92115ROLANDO VILLAGE131083 $929,000$858
  4591 VIRGINIA AVE, SAN DIEGO, CA 92115ROLANDO VILLAGE231259 $949,900$754

FOR SALE AVERAGES:21 1,723 $1,172,899$738
  5261 TIPTON, SAN DIEGO, 92115College Area Sdsu491764 $1,075,000$609


NEARBY SOLD HOMES PREVIOUS 6 MONTHS FROM LISTING SOLD DATE
  ADDRESSSUBDIVISIONMARKET DAYSSQFTSOLD PRICESOLD PSQFT

   6360 CLEO, SAN DIEGO, CA 92115COLLEGE261752$975,000$557
   5147 EWING STREET, SAN DIEGO, CA 92115COLLEGE EAST102936$810,000$865
   6443 CLEO STREET, SAN DIEGO, CA 92115COLLEGE EAST981556$800,000$514
   5346 FALLS VIEW DR, SAN DIEGO, CA 92115COLLEGE AREA262382$1,230,500$517
   5364 FALLS VIEW, SAN DIEGO, CA 92115SDSU / COLLWOOD MANOR632124$940,000$443
   5261 CATOCTIN, SAN DIEGO, CA 92115211249$762,000$610
   6504 ROXY LANE, SAN DIEGO, CA 92115COLLEGE AREA361297$959,000$739
   5039 ART ST, SAN DIEGO, CA 92115COLLEGE AREA851223$770,000$630
   5126 LEO STREET, SAN DIEGO, CA 92115COLLEGE561345$710,000$528
   6206 PONTIAC STREET, SAN DIEGO, CA 92115COLLEGE AREA272152$1,100,000$511
   4951 ART STREET, SAN DIEGO, CA 92115COLLEGE AREA SDSU821564$887,000$567
   5101 ALUMNI PL, SAN DIEGO, CA 92115COLLEGE EAST882113$911,000$431
   4830 CURRY DR, SAN DIEGO, CA 92115COLLEGE EAST161304$724,000$555
   5625 MARNE, SAN DIEGO, CA 92120DEL CERRO221483$950,000$641
   6112 PEMBROKE, SAN DIEGO, CA 92115SDSU COLLEGE EAST561668$1,345,000$806
   4926 ROCKFORD, SAN DIEGO, CA 92115SDSU11164$1,245,000$1,070
   5643 RAYMAR AVE, SAN DIEGO, CA 92120DEL CERRO371400$860,000$614
   5105 67TH ST, SAN DIEGO, CA 92115LA MESA COLONY271216$785,000$646
   5251 JUDSON WAY, SAN DIEGO, CA 92115COLLEGE281484$795,000$536
   4749 CHOCTAW DR, SAN DIEGO, CA 92115COLLEGE EAST1011148$770,000$671
   6310 RAYDEL CT, SAN DIEGO, CA 92120DEL CERRO342274$1,000,000$440
   6730 MOHAWK, SAN DIEGO, CA 92115COLLEGE13805$655,000$814
   6620 WESLEY PL, SAN DIEGO, CA 92120DEL CERRO251450$955,000$659
   4751 ROSE PL, SAN DIEGO, CA 92115COLLEGE1671309$953,000$728
   6449 HILLGROVE DR, SAN DIEGO, CA 92120DEL CERRO1252300$1,180,000$513
   6669 AMHERST ST, SAN DIEGO, CA 92115ROLANDO/ COLLEGE AREA1342428$923,000$380
   6832 AIROSO AVENUE, SAN DIEGO, CA 92120692070$995,000$481
   5752 CALVIN WAY, SAN DIEGO, CA 92120DEL CERRO1801821$1,175,000$645
   4815 60TH, SAN DIEGO, CA 92115COLLEGE AREA149992$770,000$776
   5170 69TH ST, SAN DIEGO, CA 92115COLLEGE411412$900,000$637
   4858 BARBAROSSA PL, SAN DIEGO, CA 92115EL CERRITO781851$1,160,000$627
   5555 MARY LANE DR, SAN DIEGO, CA 92115SAN DIEGO STATE UNIVERSITY1542970$1,550,000$522
   6416 STANLEY AVE, SAN DIEGO, CA 92115SEMINOLE TERRACE141344$650,000$484
   4941 BAJA COURT, SAN DIEGO, CA 92115COLLEGE AREA141492$711,000$477
   6746 CAVITE COURT, SAN DIEGO, CA 92120872859$1,345,000$470
   6383 STANLEY AVENUE, SAN DIEGO, CA 92115191292$858,000$664
   4629 MATARO DRIVE, SAN DIEGO, CA 92115ROLANDO531302$870,000$668
   4635 ALAMO, SAN DIEGO, CA 92115ROLANDO VILLAGE171180$790,000$669
   4643 VALENCIA DR, SAN DIEGO, CA 92115ROLANDO VILLAGE481272$925,000$727
   5853 DEL CERRO BOULEVARD, SAN DIEGO, CA 92120961928$1,180,000$612

SOLD AVERAGES:63 1,623 $946,838$611




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Listing Provided Courtesy of: Robert Brown, Fantastik Realty.

Listing sold by: Collin Dudley, eXp Realty of California, Inc..

Data Updated June 30 2024 22:30:59

Listing Last Modified:05-01-2023 23:00:58


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