5205 Tipton St, San Diego, California 92115, San Diego, 92115 - 2 bed, 1 bath
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5205 Tipton St
San Diego, California 92115
ACTIVE
CONDITION: POOR
2Beds
1Baths
936Sq Ft
0Lot Size
Property Price
LIST PRICE$949,000
EST. MARKET VALUE
$806,312
17% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $949,000—positioned well above the $806,312 Fair Market Value by 17%. While requiring a full renovation, the SDA-zoned lot offers significant upside through a garage conversion and a 1,200 sqft ADU addition. With a Condition Rating of 5, this asset is designed for Buy-and-Hold Investors and Developers targeting the SDSU rental corridor. The project provides a clear path to high-yield cash flow once stabilized.
Estimated Market Value
$806,312
Based on Realkey algorithm analyzing recent comparable sales in San Diego.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5205 Tipton St Subject | $949,000* List Price | 2 | 1 | 936 | $861 | - |
A 6303 Cleo St Sold | $680,000 | 2 | 1 | 842 | $808 | 0.2 mi |
B 4623 Alamo Drive Sold | $735,000 | 2 | 1 | 897 | $819 | 0.9 mi |
C 4862 70th Street Sold | $690,000 | 2 | 1 | 882 | $782 | 1.0 mi |
D 5254 Bocaw Place Sold | $680,000 | 2 | 1 | 874 | $778 | 0.6 mi |
E 6465 Julie Active | $900,000 List Price | 3 | 1 | 996 | $904 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1951 (73 years old), the property is explicitly marketed as a 'full remodel' and 'value-add' opportunity for investors. The listing's focus on development potential and the need for a total overhaul to stabilize rental income indicates that the kitchen, baths, and core systems are likely at the end of their functional life and require a complete rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Investment Location
Situated in the heart of the SDSU rental corridor, the property offers exceptional proximity to campus, ensuring high demand and low vacancy rates from the student population.
- Significant Development Potential
The SDA-zoned lot provides a rare value-add opportunity to convert the garage and add a 1,200 sqft ADU, potentially transforming the site into a high-capacity 10-bedroom income property.
- High Revenue Projections
With a projected gross rental income of $12,000 per month once stabilized, the property offers an aggressive cap rate potential for investors looking for strong cash flow.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2025-09-15. The sold price is $935,000.00.
- Substantial Capital Requirement
Realizing the property's full potential requires a full remodel and significant new construction, necessitating a large upfront investment beyond the purchase price.
- Limited Existing Utility
The current 2-bedroom, 1-bathroom configuration is small and dated, offering minimal immediate rental appeal relative to the list price without undergoing the proposed expansions.
About 5205 Tipton St
A rare value-add opportunity in the heart of the SDSU rental corridor. This SDA-zoned lot is ready for an investor or developer to move fast.The existing SFR has immediate upside through a garage conversion and full remodel, creating a large 5BD/2BA unit built for student rentals. There's also room to add a second unit, a 1,200 sqft ADU configured as a 5BD/2BA, for a two-unit income property just steps from campus. Once stabilized, the property is projected to generate $12,000/month in gross rental income. All square footage, unit counts, development potential, and rental projections should be independently verified by buyer.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1951
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Diego Unified Schools
Clay Elementary School
Grades K-5 • 0.7 mi
5/10
Hardy Elementary School
Grades K-5 • 1.0 mi
8/10
Mann Middle School
Grades 6-8 • 1.5 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.3 |
| Baths | 1.0 | 2.3 |
| Square foot | 936 | 1,777.941 |
| Lot Size | - | 6,474.445 |
| Price | $949.0K | $1.27M |
| Price per sq ft | $1.0K | $741 |
| Built year | 1951 | 1971 |
| HOA | $0 | $184 |
| Days on market | 29 | 40 |
Pricing History
Listed for Sale
Aug 11, 2026
$949,000
Initial Listing
Sold
Sep 15, 2025
$935,000
Public Record