$1,550,000
$1,575,000
1.6%For more information regarding the value of a property, please contact us for a free consultation.
5555 Mary Lane Dr San Diego, CA 92115
8 Beds
4 Baths
2,970 SqFt
Key Details
Sold Price $1,550,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,970 sqft
Price per Sqft $521
Subdivision San Diego
MLS Listing ID 220023688SD
Sold Date 02/16/23
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1954
Lot Size 6,398 Sqft
Property Sub-Type Single Family Residence
Property Description
Welcome to 5555 Mary Lane - located on the most desirable street of the San Diego State University rental market. The property is a spacious 8bed/4bath including a permitted new addition. The garage was recently converted as an ADU. This property has an active lease with a student group for $9,200/month and will be marketed for the 23-24 school year to $10,000 come August 2023. The property lies on a massive $6,400 sqft lot with capabilities of building an addition $1,200 sqft ADU in the backyard. Regardless of the future plans, this is investment is sure to lease at the top of the rental market and proven to be one of the first leased in the SDSU market! Current management is at 6% management fee and guarantees high rental rates each year - an easy, stress free investment.
Location
State CA
County San Diego
Area 92115 - San Diego
Zoning RS-1-7
Interior
Heating Forced Air, Natural Gas
Cooling None
Fireplace No
Appliance Dishwasher, Disposal, Gas Range, Ice Maker, Microwave, Refrigerator, Range Hood, Vented Exhaust Fan
Laundry Gas Dryer Hookup, In Kitchen
Exterior
Parking Features Converted Garage, Concrete
Pool Filtered, In Ground, Private
Roof Type Composition
Total Parking Spaces 8
Private Pool Yes
Building
Story 1
Entry Level One
Water Public
Level or Stories One
Others
Senior Community No
Tax ID 4661501500
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Cash
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Bought with Noel Wheeler Compass
