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$ 1,875,000
Est. payment | /mo
7,000 Sqft Lot
$ 1,875,000
Est. payment | /mo
7,000 Sqft Lot
Key Details
Property Type Single Family Home
Listing Status Coming Soon
Purchase Type For Sale
MLS Listing ID PTP2608246
HOA Y/N No
Year Built 1958
Lot Size 7,000 Sqft
Property Description
** Two homes on one lot** Exceptional Investment Opportunity Near SDSU! Discover an incredible income-producing multifamily property at 5024–5026 54th Street, ideally located just moments from San Diego State University. Offering a total of 10 bedrooms and 5 bathrooms across two separate units, this property presents an outstanding opportunity for investors, owner-occupants, or those seeking a strong rental portfolio. The front residence features a spacious 6-bedroom, 3-bathroom layout, while the rear residence offers an additional 4 bedrooms and 2 bathrooms. The rear unit was newly built in 2024 and is fully permitted, providing modern construction and additional income potential. Both units are fully powered by paid-off solar systems, offering energy efficiency and helping minimize ongoing utility expenses. With combined rental income averaging approximately $11,500 per month, this property offers an attractive income stream in a highly desirable rental market. Conveniently located near SDSU, shopping, dining, transportation, and major freeways, this is a rare opportunity to own a versatile, income-generating property in one of San Diego's sought-after rental locations. Whether you're looking to expand your investment portfolio or live in one unit while generating income from the other, this property offers incredible flexibility and potential!
Location
State CA
County San Diego
Area 92115 - San Diego
Zoning RS-1-7
Interior
Fireplace No
Laundry Inside
Exterior
Pool None
Community Features Curbs, Street Lights, Suburban, Sidewalks
View Y/N No
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Others
Senior Community No
Tax ID 4661120700
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan
Special Listing Condition Standard
Listed by Sarah Meester Real Broker 209-840-9247, DRE #02169182
NEARBY SCHOOL & BUSINESS
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