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Brian Aarestad, Sales Associate
SOLD
$1,710,000
Date 02/29/2024

5111 13 Tipton
San Diego, CA 92115

Single Family
Residence
9
Beds
4
Baths
2,800
Sqft
Listing Agent: Alexio Barbara CalDRE: 01992393 - South Coast Commercial, Inc.

Description for 5111 13 Tipton San Diego, CA 92115

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 groupof students each year.

Property Details

240000710SD
Single Family, 2 Story
9
San Diego
4 Full
1951
2
Stucco
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Listing Agent: Alexio Barbara CalDRE: 01992393 - South Coast Commercial, Inc.
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Brian Aarestad Dean Stalter, Broker DRE# 00625377 - 2355 Northside Drive Ste. 180, San Diego, CA 92108 | Phone: (858) 525-3262 | Email: baarestad@bhhscal.com

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