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Bill Lane

bill@billlanerealty.com +1(619) 243-4000

$1,875,000

Est. payment - /mo

10 Beds

5 Baths

3,000 SqFt

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 3,000 sqft

Price per Sqft $625

MLS Listing ID PTP2608228

Bedrooms 10

Full Baths 5

HOA Y/N No

Year Built 1958

Lot Size 7,000 Sqft

Property Sub-Type Single Family Residence

Property Description

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

Cooling Central Air

Fireplaces Type None

Fireplace No

Laundry Inside

Exterior

Pool None

Community Features Curbs, Gutter(s), Street Lights, Suburban, Sidewalks

View Y/N Yes

View Neighborhood

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Level or Stories One

Schools

School District San Diego Unified

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

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Listed by Sarah Meester Real Broker 209-840-9247, DRE #02169182

Nearby Locations

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Bill Lane

+1(619) 243-4000

Agent

5024 26 54th ST San Diego, CA 92115

Bill Lane

Key Details

Location

Interior

Exterior

Building

Schools

Others

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5024 26 54th ST