8
See all 8 photos
$1,199,000
Est. payment /mo
Price Dropped by $101K
5205 Tipton St #103 San Diego, CA 92115
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
Subdivision San Diego
MLS Listing ID 260012860
Property Sub-Type Lots/Land
Property Description
Permits ready to issue on an approved 2-unit project in the heart of SDSU's rental corridor — plans are approved and entitlements are in hand, zoned RS-1-7 within the SDA, TPA, and College Community Plan. No entitlement risk, no waiting; approved plans convert the existing SFR into a 5BD/3BA ADU and 6BD/2.5BA SFD totaling 3,048 SF across two large-format units purpose-built for the student rental market. Once stabilized, the project is projected to generate $15,050/month in gross rental income. Phase 2 presents a clear path to adding a 3rd unit by-right in the rear, unlocking additional density and income upside beyond what's already approved. Plans in documents Tab.
Location
State CA
County San Diego
Area Metro Uptown
Zoning RS-1-7
Direction Call or text listing agent Dan Sipher.
Interior
Fireplace No
Exterior
Fence Partial
Utilities Available Other/Remarks
View Y/N No
Water Access Desc Other/Remarks
Building
Water Other/Remarks
Others
Senior Community No
Tax ID 467-072-08-00
Acceptable Financing Other/Remarks
Listing Terms Other/Remarks
Special Listing Condition N/K, Other/Remarks
Virtual Tour https://www.propertypanorama.com/instaview/snd/260012860
Listed by Daniel A Sipher, DRE#02043589 Landmark Multifamily and Development
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION