5348 West Falls View

San Diego, CA 92115

$1,899,000

Listed Price
10

bed Beds

7

shower Baths

3,200 sqft

straighten $593 / sqft

1952

calendar_month Built

Property Description

Rental investment opportunity in College West Neighborhood located in SDSU - a prime location for SDSU students. The parcel is comprised of two single-family units, a 6bed/3bath and less than two years old 4bed/2bath ADU. ADU features central heating and air, solar panels that are fully purchased and new irrigation/concrete surrounding the unit to prevent floods or intrusion. The main dwelling has been remodeled and updated to include central heating and air, up to date appliances and flooring. Each unit has their own private yards for students to enjoy privately. Both properties are leased presently and have future leases on file. Future rent comes into affect for both units come June 2024 and will total a new combined rent of $13,800/month. Both homes are professionally managed by State Houses Real Estate. Management typically increases rents between 7-10% every year for consistent increases. Further development may be possible in the back canyon if potential buyer is looking to consider affordable housing options.

Interior Features

Bedroom Information
Bedrooms 10
Bathroom Information
Bathrooms 7
Interior Information
Cooling Type Central Air

Listing Information

Address 5348 West Falls View
City San Diego
State CA
Zip 92115
County San Diego
Listing Agent Sydney Daily DRE#02132812
Courtesy Of State Houses Real Estate, Inc.
MLS 240011846SD
List Price $1,899,000
Status Active
Type Residential
Subtype Single Family Residence
Structure Size 3,200
Lot Size 10,714
Year Built 1952
DOM 29

Exterior Information

Maps

Listing information courtesy of: Sydney Daily, State Houses Real Estate, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Jun 25th, 2024 at 3:07 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.