5232 Prosperity Ln Pending Save Request In-Person Tour Request Virtual Tour
San Diego,CA 92115
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Pending
Purchase Type For Sale
Square Footage 3,318 sqft
Price per Sqft $450
Subdivision College Grove
MLS Listing ID 240028119SD
Bedrooms 8
Full Baths 4
Year Built 1961
Lot Size 6,298 Sqft
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!
Location
State CA
County San Diego
Area 92115 - San Diego
Interior
Heating Forced Air,Natural Gas
Cooling None
Laundry Electric Dryer Hookup,In Garage
Exterior
Parking Features Concrete
Garage Spaces 2.0
Garage Description 2.0
Fence Wood
Pool In Ground
View Y/N No
Roof Type Shingle
Building
Story 2
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan,Conventional,1031 Exchange,VA Loan
Listing Terms Cash,Cash to New Loan,Conventional,1031 Exchange,VA Loan