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$1,799,999
Est. payment /mo
10 Beds
5 Baths
7,000 Sqft Lot
Open House
Sat Nov 14, 1:00pm - 3:00pm
Sun Nov 15, 1:00pm - 3:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PTP2608246
Bedrooms 10
Lot Size 7,000 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
** Two homes on one lot** Exceptional Investment Opportunity Near SDSU! Discover an incredible income-producing multifamily property at 50245026 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 $11,000 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
Zoning Assessor
Direction See GPS
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 4661120700
Acceptable Financing Cash, Conventional, Exchange, FHA, VA
Listing Terms Cash, Conventional, Exchange, FHA, VA
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Listed by Sarah Meester, DRE#02169182 Real Broker
Nearby Locations
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HomeSmart Realty West
Broker License ID: DRE#1905908
Broker License ID: DRE#1905908