5111 TIPTON, SAN DIEGO, CA 92115

9 Beds, 4 Baths, 2800 Sqft

$1,710,000

Sold Price:$1,710,000

Sold Date:02-29-2024


PRICE REDUCED! a well-located student rental offered at 6.3% CAP Rate WITH MANAGEMENT in place! 5111-13 Tipton is a stone s throw from the SDSU Campus in one of the most desired neighborhood by students. This fully remodeled 5bed/3ba House plus 4bed/2ba ADU totals 9beds/5baths. The property is currently rented through August 2024 for for $10,500 per month! 2024-25 school year is partially leased and expected to bring in $12,400 per month! Current management is very effective in negotiating high rental lease rates and is willing to continue if desired. Excellent Turn-Key return for an investor. These properties are operate on 12 month leases and just a 3-5 day vacancy between move ins.

Student rentals circumnavigate CA Rent control as they typically have new group of students each year.



DETAILED INFORMATION
MLS#:240000710Sold Price:$1,710,000
Sold Date:02-29-2024 Original Price:$1,790,000
List Status:SoldProperty Type:Detached
Parcel Number:467-082-07-00School District:
Days on Market:51Sqft:2800
Complex Name:Sold Price Per Sqft:$611
Subdivision:Sdsu College AreaStories:2 Story
Community:Bed:9
Year Built:1951Baths:4
Zoning:Arch. Style:
Pool:N/kLot Size:4,000-7,499 Sf
Spa:Lot Sqft:
Exterior:StuccoLot Description:
Floors:Acres:0.00
Roof:Composition,asphaltAge Restrictions:N/k
Water:Meter On PropertyTopography:Level
Sewer:Sewer ConnectedFireplace:
Fence:Gate,woodPets:
Association Name:Assoc Phone:
Association Fee:$0Assoc Includes:
Assoc Fee Paid:Heating:Floor Furnace,forced Air Unit
Other Fees:$0Cooling:Attic Fan,central Forced Air,electric
Other Fee Paid:Other Fee Type:
Mello Roos:$0Mello Roose Paid:
Master Bedroom:10x12Family Room:10x10
Bedroom 2:10x12Bedroom 3:10x12
Bedroom 4:10x12Bedroom 5:10x12
Kitchen:8x10Living Room:10x15
Other Room:Miscellaneous:
Additional Land Use:Parking:None Known
Boat Facilities:Security:
Guest House: Patio:
Frontage:Telecommunications:
Irrigation:Equipment:Convection Oven,gas & Electric Range
Amenities:Laundry:Closet Stacked,garage,n/k
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 COLLEGE363200 $1,899,000$593
  4795 62ND STREET, SAN DIEGO, CA 92115COLLEGE EAST12716 $739,000$1,032
  5228 JUDSON WAY, SAN DIEGO, CA 92115COLLEGE AREA431015 $799,000$787
  4966 68TH STREET, SAN DIEGO, CA 92115COLLEGE11220 $789,000$647
  4628 REVILLO WAY, SAN DIEGO, CA 92115ROLANDO VILLAGE151083 $929,000$858
  4591 VIRGINIA AVE, SAN DIEGO, CA 92115ROLANDO VILLAGE01259 $899,900$715
  5669 ASHLAND AVE, SAN DIEGO, CA 92120DEL CERRO42152 $949,000$441
  6335 ACORN ST, SAN DIEGO, CA 92115ROLANDO VILLAGE131570 $999,900$637
  5821 BARBAROSSA COURT, SAN DIEGO, CA 92115TALMADGE302284 $1,049,900$460
  5226 69TH ST., SAN DIEGO, CA 92115SAN DIEGO38874 $889,000$1,017
  5520 BAJA DR, SAN DIEGO, CA 92115COLLEGE AREA11097 $1,050,000$957
  5670 GENOA DRIVE, SAN DIEGO, CA 92120DEL CERRO322276 $1,799,000$790
  6570 HILLGROVE DR, SAN DIEGO, CA 92120DEL CERRO92494 $1,699,990$682
  4541 TOLEDO DRIVE, SAN DIEGO, CA 92115ROLANDO181008 $780,000$774
  4472 REVILLO DRIVE, SAN DIEGO, CA 92115ROLANDO41252 $924,900$739

FOR SALE AVERAGES:17 1,567 $1,079,773$742
  5111 TIPTON, SAN DIEGO, 92115Sdsu College Area512800 $1,710,000$611


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

   6312 MONTEZUMA RD, SAN DIEGO, CA 92115COLLEGE AREA281420$1,100,000$775
   5223 TIPTON ST., SAN DIEGO, CA 92115COLLEGE AREA502650$1,675,000$632
   4935 CURRY DR, SAN DIEGO, CA 92115COLLEGE EAST201780$1,050,000$590
   6152 DOROTHY DR, SAN DIEGO, CA 92115COLLEGE AREA542275$1,667,500$733
   5175 CATOCTIN DR, SAN DIEGO, CA 92115COLLEGE AREA351302$875,000$672
   5059 ALUMNI PLACE, SAN DIEGO, CA 92115COLLEGE EAST412450$1,245,000$508
   5261 CATOCTIN DR, SAN DIEGO, CA 92115COLLEGE AREA271249$1,015,000$813
   5109 ALUMNI PLACE, SAN DIEGO, CA 92115COLLEGE481388$915,000$659
   6222 ROSE ST, SAN DIEGO, CA 92115COLLEGE AREA851947$1,089,000$559
   4820 ARAGON DRIVE, SAN DIEGO, CA 92115ROLANDO VILLAGE1151539$915,000$595
   6685 SARANAC, SAN DIEGO, CA 92115COLLEGE261600$876,500$548
   5975 BAJA DRIVE, SAN DIEGO, CA 92115SDSU371877$1,280,000$682
   4796 VALENCIA DRIVE, SAN DIEGO, CA 92115ROLANDO281083$845,000$780
   6730 MOHAWK ST, SAN DIEGO, CA 92115SDSU/COLLEGE AREA28804$857,500$1,067
   4758 SORIA DR, SAN DIEGO, CA 92115COLLEGE AREA481056$790,000$748
   4742 ROLANDO BLVD, SAN DIEGO, CA 92115ROLANDO VILLAGE301062$900,000$847
   5607 DEL CERRO AVENUE, SAN DIEGO, CA 92120591554$1,076,000$692
   6630 SHANNON AVENUE, SAN DIEGO, CA 9211524934$815,000$873
   5228 JUDSON WAY, SAN DIEGO, CA 92115COLLEGE AREA151015$721,000$710
   4811 59TH STREET, SAN DIEGO, CA 92115EL CERRITO353013$1,450,000$481
   5617 MARNE, SAN DIEGO, CA 92120DEL CERRO271677$1,045,000$623
   5675 DARTFORD WAY, SAN DIEGO, CA 92120DEL CERRO411632$1,000,000$613
   4703 60TH STREET, SAN DIEGO, CA 92115GLENRIDGE561482$950,000$641
   4659 ROLANDO BLVD, SAN DIEGO, CA 92115ROLANDO VILLAGE351586$860,000$542
   4854 CAMPANILE DR, SAN DIEGO, CA 92115COLLEGE WEST AREA571888$1,215,000$644
   6837 AMHERST ST, SAN DIEGO, CA 92115COLLEGE AREA361190$800,000$672
   6841 AMHERST ST, SAN DIEGO, CA 92115COLLEGE AREA681489$859,900$578
   6184 ARNO DRIVE, SAN DIEGO, CA 92120DEL CERRO161880$1,051,000$559
   6113 ARNO DR, SAN DIEGO, CA 92120DEL CERRO472628$2,150,000$818
   5220 69TH STREET, SAN DIEGO, CA 92115501309$925,000$707
   6841 AIROSO AVE, SAN DIEGO, CA 92120DEL CERRO382354$1,105,000$469
   4544 ARAGON DRIVE, SAN DIEGO, CA 92115ROLANDO VILLAGE292636$1,320,000$501
   5670 GENOA DR, SAN DIEGO, CA 92120DEL CERRO202276$1,412,700$621
   4601 67TH, LA MESA, CA 91942ROLANDO41744$805,000$1,082
   6729 DEL CERRO BLVD, SAN DIEGO, CA 92120DEL CERRO861842$1,075,000$584
   6984 MOHAWK STREET, SAN DIEGO, CA 9211556895$640,000$715
   4671 EL CERRITO DRIVE, SAN DIEGO, CA 92115EL CERRITO371219$1,091,000$895
   6948 AIROSO AVENUE, SAN DIEGO, CA 92120121654$625,000$378
   4421 MARRACO DR, SAN DIEGO, CA 92115ROLANDO VILLAGE232756$1,000,000$363

SOLD AVERAGES:41 1,670 $1,053,515$666




...LOADING




Listing Provided Courtesy of: Alexio Barbara, South Coast Commercial, Inc..

Listing sold by: Vani S Bobba, Vani Bobba, Broker.

Data Updated July 02 2024 19:56:18

Listing Last Modified:03-02-2024 00:29:09


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