5129 Leo St, San Diego, CA 92115
Sale Price: $1,680,000
Nov 6, 20242,612 sqft8 beds4 baths
Listed by: Daniel Sipher
License #: 02043589
Phone #: 408-368-5225
JLM Real Estate Inc
Source:
MLS #: 240026171SD
Property Description
Prime opportunity walking distance from SDSU and generates $11,240 of gross rents! This is a value-add property with the opportunity to increase rents further to $12,000+ per month. Ideally located for off-campus student housing, ensures strong rental demand and high rental income. The front house offers 4 bedrooms and 2 bathrooms, now generating $6,040 monthly, while the second unit (new construction ADU) also boasts 4 bedrooms and 2 bathrooms, bringing in $5,200 monthly. This unit includes paid off Solar. Currently a 5.5% Cap Rate, this property has the ability to maximize rents to a pro forma 5.8% Cap Rate. With its unbeatable location and consistent rental demand, this property promises a steady and lucrative return.
Get a detailed valuation report, schedule a tour or make an offer!
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 Savings
$29,928
TurboHome Estimated Value
$1,872,600
$717 sqft
High Valuation
$1,966,230
$753/sqft
Normal Valuation
$1,872,600
$717/sqft
Low Valuation
$1,778,970
$681/sqft
3rd Party Estimates
| Source | $/sqft | Valuation |
|---|---|---|
| HouseCanary | $717/sqft | $1,872,600 |
Get a detailed valuation report, schedule a tour or make an offer!
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.”
Neighborhood: College Area
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Comparative Value
$1.60M
$1.63M
$1.68M
$1.75M
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
5129 Leo St, San Diego, CA 92115
List Price: $1,749,999
Subject Property
Neighborhood Comps
Subject Property
SUBJECT5129 Leo St, San Diego, CA 92115
List: $1,749,999
Listed: 11/6/2024
Area:2,612 sqft
Price/sqft:$670
Beds:8
Baths:4
Year Built:—
Lot Size:5,900
Comparable Properties
COMPARABLEChoose comps
5129 Leo St, San Diego, CA 92115
Sale: $1,680,000
12/31/2024 • 0.00 mi
Area:2,612 sqft
Price/sqft:$643
Beds:8
Baths:4
Year Built:—
Weight:47.0%
5232 Prosperity Ln, San Diego, CA 92115
Sale: $1,600,000
2/20/2025 • 1.58 mi
Area:3,318 sqft
Price/sqft:$482
Beds:8
Baths:4
Year Built:—
Weight:33.3%
5301 Prosperity Ln, San Diego, CA 92115
Sale: $1,625,000
10/30/2024 • 1.47 mi
Area:3,283 sqft
Price/sqft:$495
Beds:9
Baths:5
Year Built:—
Weight:19.6%
Subject Property
SUBJECT| Image | Address | List Price | sqft | Price/sqft | Lot Size | Distance | List Date | Beds | Baths | Year Built | Weight |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5129 Leo St, San Diego, CA 92115 | $1,749,999 | 2,612 | $670 | 5,900 | — | 11/6/2024 | 8 | 4 | — | — |
Comparable Properties
COMPARABLEChoose comps
| Image | Address | Sale Price | sqft | Price/sqft | Lot Size | Distance | Sale Date | Beds | Baths | Year Built | Weight |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5129 Leo St, San Diego, CA 92115 | $1,680,000 | 2,612 | $643 | 5,900 | 0.00 mi | 12/31/2024 | 8 | 4 | — | 47.0% |
| 5232 Prosperity Ln, San Diego, CA 92115 | $1,600,000 | 3,318 | $482 | 6,300 | 1.58 mi | 2/20/2025 | 8 | 4 | — | 33.3% |
| 5301 Prosperity Ln, San Diego, CA 92115 | $1,625,000 | 3,283 | $495 | 7,300 | 1.47 mi | 10/30/2024 | 9 | 5 | — | 19.6% |
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