4840 42 College Ave San Diego, CA 92115
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Variance granted 2-4 units. Pleased to present 4840-42 College Avenue, a student rental property just a short walk from the SDSU campus and positioned on a 46,595 sqft canyon lot. The property consists of a renovated 5bed/3bath house renting for $5,050 in front AND a brand new 2020 construction 4bd/2ba ADU in back renting for $4,000. In total the property is rented for $9,050 through the summer of 2022. This is a great opportunity for a 1031 exchange investor looking for a great return around a 5% CAP rate and minimal maintenance. Current management is effective in negotiating high rental lease rates and is willing to stay on if desired. The 1+ Acre canyon lot lends its self to future development opportunities. Unit # for Unit 1: 4840 Unit # for Unit 2: 4842 Number of Furnished Units: 0 Frontage: Canyon
|a month ago||Listing updated with changes from the MLS|
|2 months ago||Listing first seen online|
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