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5232 Prosperity Ln, San Diego, CA 92115

Sale Price: $1,600,000
Dec 6, 20243,318 sqft8 beds4 baths
Listed by: Peyman Mortezaie
License #: 02012761
Phone #: 925-858-1614
LPT Realty,Inc
Source:
CRMLS Logo
MLS #: 240028119SD

Property Description

Welcome to your dream investment or multi-generational living opportunity near San Diego State University! This exceptional property offers an 8-bedroom, 4-bathroom layout across a spacious 3318 sqft, with endless possibilities. The main house features 6 large bedrooms, 3 bathrooms, an open living area, and a newly remodeled kitchen with upgraded flooring throughout. Natural light pours into the expansive space, making it perfect for gatherings or relaxation. Adding even more value is the newly built, fully permitted 2-bedroom, 1-bathroom ADU with its own address, private entrance, kitchen, and laundry hookups—ideal for renting out or personal use. Step outside to enjoy your private oasis with a sparkling pool, stunning backyard views, and ample space for entertaining. Situated on a cul-de-sac in a high-demand rental area, this property is currently leased below market at $7,940/month, with potential to exceed $10,000/month for the next lease. With proximity to SDSU, this turn-key investment property offers constant rental demand. These properties are operate on 12 month leases and just a 3-5 day vacancy between move ins. Rent out the main house and live in the ADU, or maximize returns by renting both. Opportunities like this don’t come often!
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$22,887

TurboHome Estimated Value

$1,510,400

$455 sqft

High Valuation
$1,585,920
$478/sqft
Normal Valuation
$1,510,400
$455/sqft
Low Valuation
$1,434,880
$432/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$455/sqft$1,510,400

Neighborhood: College Area

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Comparative Value

$1.50M

$1.60M

$1.63M

$1.68M

5232 Prosperity Ln, San Diego, CA 92115

List Price: $1,495,000

Subject Property

5232 Prosperity Ln, San Diego, CA 92115

Sale Price: $1,600,000

Selected Comparable

5301 Prosperity Ln, San Diego, CA 92115

Sale Price: $1,625,000

Selected Comparable

5129 Leo St, San Diego, CA 92115

Sale Price: $1,680,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
5232 Prosperity Ln, San Diego, CA 92115

5232 Prosperity Ln, San Diego, CA 92115

List: $1,495,000

Listed: 12/6/2024

Area:3,318 sqft
Price/sqft:$451
Beds:8
Baths:4
Year Built:
Lot Size:6,300

Comparable Properties

COMPARABLE
Choose comps
5232 Prosperity Ln, San Diego, CA 92115

5232 Prosperity Ln, San Diego, CA 92115

Sale: $1,600,000

2/20/20250.00 mi

Area:3,318 sqft
Price/sqft:$482
Beds:8
Baths:4
Year Built:
Weight:41.6%
5129 Leo St, San Diego, CA 92115

5129 Leo St, San Diego, CA 92115

Sale: $1,680,000

12/31/20241.58 mi

Area:2,612 sqft
Price/sqft:$643
Beds:8
Baths:4
Year Built:
Weight:30.3%
5301 Prosperity Ln, San Diego, CA 92115

5301 Prosperity Ln, San Diego, CA 92115

Sale: $1,625,000

10/30/20240.12 mi

Area:3,283 sqft
Price/sqft:$495
Beds:9
Baths:5
Year Built:
Weight:28.1%

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