6443 Cleo St, San Diego, California 92115, San Diego, 92115 - 3 bed, 2 bath
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San Diego, California 92115
This High-Yield Residential Asset is a Prime Investment Opportunity listed at $1,100,000—positioned at the $1,101,371 Fair Market Value by 0%. Currently generating $6,700 monthly income via a 5-bedroom configuration, the property boasts a Good Condition Rating with a recently renovated kitchen and updated bathrooms. Located 1.2 miles from SDSU near Patrick Henry High, the 6,586 sqft lot offers significant upside through a 1,200 sqft ADU potential and garage conversion. This turnkey-plus-upside asset is ideal for Buy-and-Hold Investors or Owner-Occupants looking to maximize density.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6443 Cleo St Subject | $1,100,000* List Price | 3 | 2 | 1,556 | $685 | - |
A 4920 Rockford Dr Sold | $1,120,000 | 3 | 2 | 1,329 | $843 | 0.7 mi |
B 4584 Catherine Sold | $905,000 | 3 | 2 | 1,509 | $600 | 1.0 mi |
C 4747 Lenore Dr Sold | $990,000 | 3 | 2 | 1,208 | $820 | 0.8 mi |
D 6891 Eberhart Street Sold | $785,000 | 3 | 3 | 1,267 | $620 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite being built in 1952, the interior of this property, particularly the kitchen and bathrooms, has undergone significant and recent renovations. The kitchen features modern white shaker cabinets, stainless steel appliances, quartz countertops, and a stylish subway tile backsplash. Both bathrooms are updated with contemporary vanities, fixtures, and glass-enclosed showers with modern tiling. Throughout the living areas and bedrooms, there is updated wood-look flooring and modern light fixtures. Mini-split AC units indicate updated cooling/heating. While the property's age and 'value-add' description suggest potential for further upgrades or underlying older systems not visible, the primary living spaces are move-in ready with no immediate renovation required, aligning with a 'Good' condition score.
Positioned as a 'value-add investment' with clear opportunities for increased density and income generation.
Situated just 1.2 miles from San Diego State University, ensuring consistent high rental demand from students and faculty.
Generates a substantial $6,700 per month, providing immediate and stable cash flow for investors.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6586, other record lot size in square feet = 6200.
Two of the current five bedrooms are non-conforming, which may require legalizing or could impact occupancy and financing.
Built in 1952, suggesting the likelihood of needing updates to systems and aesthetics to maximize its value and appeal.
6443 Cleo Street is a value-add investment located just 1.2 miles from the San Diego State University campus. The current residence is made up of (5) bedrooms & (2) bathrooms (two of the bedrooms are non-conforming) and currently grosses $6,700 a month. Investors may explore the idea of adding a 1,200 square foot, 4 bedroom / 2 bath ADU in the backyard and/or convert the existing two car garage into another unit or bedroom. With the consistent rental demand and proximity to campus, this property poised for stable cash flow and long term appreciation.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 1.2 mi
Grades 6-8 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,556 | 1,296 | 69% |
| Lot Size | 6,586 | 6,100 | 62% |
| Price | $1.10M | $949.5K | 70% |
| Price per sq ft | $707 | $733 | 43% |
| Built year | 1952 | 1951 | 55% |
| HOA | $0 | $0 | 50% |
| Days on market | 78 | 160 | 21% |
Mar 11, 2026
$1,100,000
$1,300,000
-15% Price Drop
Initial Listing
Feb 3, 2026
$1,300,000
Initial Listing
Feb 23, 2023
$800,000
Public Record