Price Reduced Listing
$3,095,000 $16,615 est/mo Sourced by Back At You
5505 Mary Lane Dr,San Diego, CA 92115
San Diego, CA 92115
Description
6% CAP rate WITH MANAGEMENT in place! TURN KEY 4-unit SDSU student rental property as close as it gets to campus! Built / renovated in 2023 - 5505-5511 Mary Lane Dr is comprised of (1) 5BR/3BA, (1) 4BR/2BA, and (1) 3BR/2BA and (1) 2BR/1BA- totalling 14beds/8baths and 3,877 sqft bringing in $21,300 per mo. Current management is very effective in negotiating high rental lease rates and can continue. Excellent Turn-Key return for an investor. These properties operate on 12 month lease with early renewals so vacancy averages less than 2%. Extremely rare for properties this close to campus to become available for sale.
Details
| MLS # | 260022437SD |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2023 |
| Days On Site | 44 |
| Listing Provided By | Bridgepoint Realty Inc | Alexio Barbara |
Features
| Story(s) | 2 |
|---|---|
| Units | 4 |
| Building(s) | 1 |
| Acreage | 0.15 |
Interior
| Cooling | None |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
Area Information
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92115 |
| Area | 92115 San Diego |
| Listing VS Median (in 92115) | |
Price: $3,095,000 low | high Med: $750,000 On site: 44 low | high Med: 15 | |
Market Activity 92115
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Learn More About This Property
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92115 |
| Area | 92115 San Diego |
| Listing VS Median (in 92115) | |
Price: $3,095,000 low | high Med: $750,000 On site: 44 low | high Med: 15 | |
Listing Updated: October 22, 2026 at 4:44:59 PM PDT