
San Diego, California 92115
This property presents a High-Potential Investment Opportunity with a List Price of $1,450,000—positioned above the $1,347,796 Fair Market Value. While currently operating as a high-income student rental, the 9,583 sqft lot provides significant Value-Add Potential for expansion to a 10-bedroom configuration. With a Condition Rating of 3, the home is move-in ready and currently generates strong cash flow. Located less than three blocks from SDSU, this is a high-demand asset ideal for Buy-and-Hold Investors or Real Estate Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5273 Stone Court Subject | $1,450,000* List Price | 6 | 4 | 2,524 | $534 | - |
A 4848 54th Street Sold | $1,150,000 | 6 | 3 | 1,964 | $586 | 0.4 mi |
B 4868 54th Street Pending | $1,025,000 List Price | 4 | 3 | 1,700 | $603 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1962, the property has undergone significant interior renovations likely within the last 5-15 years. Photos show a modernized bathroom with contemporary tile and vanity, updated flooring, and recessed lighting. The home is well-maintained, functional, and move-in ready, currently operating as a high-income student rental.
Situated less than three blocks from the San Diego State University campus, this property is perfectly positioned for high-demand student housing, ensuring consistent occupancy and long-term rental growth.
The oversized 9,583 sqft lot provides ample space for expansion, offering a rare opportunity to convert the existing 6-bedroom layout into a 10-bedroom residence to significantly increase the cap rate.
With a current rental income of $7,600 per month and a cap rate approaching 5%, the property offers immediate ROI for investors looking for a turnkey income-producing asset.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9583, other record lot size in square feet = 9500.
Built in 1962, the property may require more frequent maintenance or updates to its core systems compared to newer builds, especially under high-occupancy rental use.
The property's configuration as a high-density student rental may limit its attractiveness to traditional single-family owner-occupants, potentially narrowing the pool of future buyers to investors only.
COLLEGE VIEW ESTATES INVESTMENT OPPORTUNITY! Located less than 3 blocks from the west side of campus, this large, oversized 6-bedroom rental property offers an incredible opportunity for great ROI student housing. The oversized lot provides TONS OF SPACE TO EXPAND and could easily be converted into huge 10-bedroom home to maximize the current cap rate of almost 5% at current list price. Currently rented at $7,600 through July 31.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades 6-8 • 1.1 mi
Grades 6-8 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,524 | 1,777 |
| Lot Size | 9,583.2 | 6,600 |
| Price | $1.45M | $1.24M |
| Price per sq ft | $574 | $743 |
| Built year | 1962 | 1972 |
| HOA | $0 | $200 |
| Days on market | 36 | 39 |
Jun 16, 2026
$1,450,000
Initial Listing
May 26, 2016
$720,000
Public Record
Aug 26, 2010
$470,000
Public Record
Jul 15, 2010
$414,000
Public Record