5111-5113 Tipton St

5111-5113 Tipton St, San Diego, CA 92115

  • For Sale $1,790,000
  • Property Type Multi-Family
  • Property Size 2,800 SF
  • Units 2
  • Lot Size 0.16 Acre
  • Year Built 1951
  • Date Updated Mar 2, 2024
The College Area is a residential community in the Mid-City region of San Diego, California, United States. The College Area is dominated by San Diego State University (SDSU), after which the area is named. Several neighborhoods in the College Area were developed in the 1930s, with others becoming established in the post-war period. The College Area is bordered on the west by Kensington and Talmadge and on the east by the city of La Mesa. El Cajon Boulevard is a busy shopping district; additional retail, entertainment and dining establishments are located in a new housing and commercial complex known as South Campus Plaza on College Avenue at Aztec Center. The communities immediately surrounding the university are made up of single houses - many with ADUs that operate as student rental housing. It is notable that San Diego State University is expanding its footprint and accepting more and more students each year. The university has not built enough housing for students relative to the increased enrollment numbers. This has caused rents to rise significantly in these neighborhoods. Most houses are leased 6 months in advance to the following school year, illustrating the extremely strong rental demand for this area.Pleased to present for sale a well-located student rental by San Diego State. 5111-13 Tipton is a stone's throw from the SDSU Campus in one of the most desired neighborhood by students. This fully remodeled 5bed/3ba House plus 4bed/2ba ADU totals 9beds/5baths. The property is currently rented through August 2024 for for $10,500 per month! 2024-25 school year is partially leased and expected to bring in $12,400 per month - a 6.1% CAP rate WITH MANAGEMENT in place! Current management is very effective in negotiating high rental lease rates and is willing to stay on if desired at 6% GSI. Excellent Turn-Key return for an investor. Residential OR Commercial financing and rate options available! These properties are operate on 12 month leases and just a 3-5 day turnover period between move ins, so vacancy factor is incredibly low at around 1.5%.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

broker

Alexio Barbara

South Coast Commercial

(760) 419-1343

Location

Getting Around

  • Walk Score ®

    74/100 Very Walkable

  • Transit Score ®

    55/100 Good Transit

  • Bike Score ®

    66/100 Bikeable
Powered by Walk Score ®
  • City San Diego, CA
  • Neighborhood College Area
  • Zip Code 92115
  • Market San Diego

Points of Interest

  • SDSU Transit Center

    0.50 miles

  • Alvarado Station

    0.54 miles

  • 70th Street

    1.19 miles

  • Grantville

    2.13 miles

  • La Mesa Boulevard

    2.47 miles

  • Lemon Grove Depot

    2.66 miles

  • Spring Street

    2.81 miles

  • Mission San Diego

    2.90 miles

  • Grossmont

    3.07 miles

  • Stadium

    3.39 miles

  • SDSU Arco

    0.41 miles

  • Arco

    0.41 miles

  • Campus Gas Pump

    0.56 miles

  • Emerald Oil

    1.83 miles

  • USA Gasoline

    1.84 miles

  • 76

    2.25 miles

  • Chevron

    2.31 miles

  • Chevron

    2.40 miles

  • Costco Gasoline

    2.41 miles

  • Food4Less Self Serve Gasoline

    2.42 miles

  • Parking Structure 4

    0.23 miles

  • Parking Structure 3

    0.25 miles

  • parking lot 2C

    0.26 miles

  • Parking Lot 2B

    0.29 miles

  • Parking Lot 2

    0.34 miles

  • Parking Lot 2A

    0.37 miles

  • Parking Structure 1 (PS1)

    0.42 miles

  • Parking Lot 17C

    0.50 miles

  • Parking Lot 17B

    0.50 miles

  • Parking Lot 5

    0.56 miles

  • Lamplighter Inn & Suites at SDSU

    0.36 miles

  • Howard Johnson by Wyndham San Diego State University Area

    0.38 miles

  • Newman Center

    0.50 miles

  • La Petite Rouge Motel

    0.70 miles

  • Navajo Lodge

    1.09 miles

  • Harvey's Motel

    1.11 miles

  • Travel Time Motel

    1.28 miles

  • Rodeway Inn San Diego Near Sdsu

    1.34 miles

  • Motel 6

    1.35 miles

  • Days Inn by Wyndham Mission Valley Qualcomm Stadium/ SDSU;Days Inn Mission Valley

    1.46 miles

  • The Dining Room

    0.34 miles

  • Tokyo Sushi Loha

    0.36 miles

  • Trujillo's Taco Shop

    0.39 miles

  • Senor Panchos Fresh Mexican Grill

    0.41 miles

  • Trujillo's Taco Shop

    0.41 miles

  • Dirty Birds Bar and Grill

    0.41 miles

  • Jack in the Box

    0.42 miles

  • Domino's

    0.43 miles

  • Bangkok Poco

    0.43 miles

  • Oggi's Pizza Express

    0.43 miles

  • Language Academy

    0.19 miles

  • Montezuma Charter School

    0.21 miles

  • Kappa Alpha Order

    0.40 miles

  • Bethel Seminary - San Diego

    0.44 miles

  • Platt College - San Diego

    0.52 miles

  • Clay Elementary School

    0.61 miles

  • San Diego State University

    0.65 miles

  • Muir Alternative Loop School

    0.76 miles

  • Hearst Elementary School

    0.87 miles

  • Hardy Elementary School

    0.98 miles

  • Lemon Grove Childcare Center

    2.29 miles

  • BunnyBears Preschool La Mesa

    2.63 miles

  • Our Lady of the Sacred Heart Catholic Church Day Care Center

    2.79 miles

  • Bright Horizons Preschool

    5.30 miles

  • Murphy Canyon Preschool

    5.38 miles

  • Chinese Bilingual Preschool

    5.42 miles

  • World of Wonder Christian Preschool

    5.76 miles

  • Saint Judes Shrine Child Care and Development Center

    6.11 miles

  • The Vine

    6.44 miles

  • Child Development Center NBSD

    6.71 miles

Frequently Asked Questions

What is the lease rate for 5111-5113 Tipton St?

Rental asking rate at 5111-5113 Tipton St is $895,000.00/YR.

What is the total square footage of 5111-5113 Tipton St?

5111-5113 Tipton St totals 2,800 square feet.

When was this property built?

5111-5113 Tipton St was built in 1951.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Alexio Barbara

South Coast Commercial

(760) 419-1343