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Douglas Anderson

d.andersonrealtysd@gmail.com +1(509) 216-3420

$ 2,100,000

Est. payment | -/mo

10 Beds

5 Baths

6,400 Sqft Lot

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$ 2,100,000

Est. payment | -/mo

Save

10 Beds

5 Baths

6,400 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision College Park West (Cpw)

MLS Listing ID 260026770

Bedrooms 10

Full Baths 5

Year Built 1988

Lot Size 6,400 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Two detached units on one lot in a prime location, just 1/3 mile from San Diego State University! Situated on a wide 6,400-square-foot lot, 5545-47 Mary Lane Drive is comprised of a 6 Bedroom/3 Bathroom front house and a 2019 construction, 4 Bedroom/2 Bathroom ADU in the rear. Both units feature modern finishes, private fenced yard & patio spaces, and dedicated on-site or in-unit laundry. The front residence has exclusive use of the long driveway with tandem parking for three vehicles. Additionally, each unit receives four street parking permits for a total of eight permits. Both units are leased through July 2027, generating a combined monthly income of $11,495, with professional third-party property management already in place. Historically, the property has secured leases 7–10 months in advance of each academic year, due to its highly desirable location, unit layouts and high-end finishes. The property is already being marketed for the 2027–2028 academic year at a projected 5.0% cap rate. This is an outstanding opportunity to acquire a well-established, income-producing student rental property, on a highly desirable street.

Location

State CA

County San Diego

Area Metro Uptown

Direction Google Maps and Apple Maps are accurate.

Interior

Heating Wall/Gravity

Cooling Central Forced Air, Wall/Window

Fireplace No

Exterior

Fence Partial

View Y/N No

Roof Type Composition

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 466-150-14-00

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Tyler Joseph Rex Hadzicki, DRE#02080349 Coldwell Banker Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(509) 216-3420

d.andersonrealtysd@gmail.com

4440 Twain Ave. #326, San Diego, California 92120, USA

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5545 Mary Lane Drive San Diego, CA 92115