Property Details
Property Name
5527 Dorothy Drive
Address
5527 Dorothy Drive, San Diego, CA 92115
Asking Price
$2,149,000
Units
2
Building Size
3,357 SF
Property Type
Residential
Cap Rate
—
Price Per Unit
$1,074,500
Status
Active
Broker
South Coast Commercial
Investment Opportunity
PRELEASED for the 2024-25 school year at $16,500 per month — a turn-key 7% CAP rate passive investment property by SDSU. 5527 Dorothy is a stone's throw from the SDSU campus in one of the most desired neighborhoods for students. This fully remodeled 7/3 house plus 4/2 ADU totals 11 beds / 5 baths, has stunning valley views off the back deck, and 2024-25 school-year leases are already secured at $16,500. Current management is very effective at negotiating high lease rates and is willing to stay on if desired. Residential or commercial financing and rate options are available.
Student rentals circumnavigate CA rent control as they typically have new student groups each year. Highlights: turn-key remodel, commercial financing available, valley views off the deck, a 2-minute walk to the SDSU campus, and Viejas Arena, sports fields, and the Aquatics Center nearby. Shown with accepted offer only.
Why This Property
Strong in-place income
High-demand urban corridor
Rental upside potential
Limited competing inventory
Suitable for 1031 exchange
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