5024 54th Street
Ctop 80%San Diego, CA 92115
One license per person in San Diego: whether you can hold it depends on you, not only the home.
21 licensed short-term rentals within ½ mile (13 whole home), from the cities' license and permit lists of Nov 13, 2026.
Pass at asking: -$9,313/mo full cashflow at 20% down, 7.36% rate.
Works at $581,303 (68% under asking), or at 96% down.
Rent $5,770/mo from 17 leases of houses within 1 mi, size-adjusted ($5,416–$6,486).
Beds
10
Baths
5
Sqft
3,000
Year Built
1958
Days on Market
1
Property Type
Single Family
HOA/mo
N/A
MLS ID
PTP2608228
This property is in San Diego (92115). View neighborhood stats →
About This Property
**Two homes on one lot** Exceptional Investment Opportunity Near SDSU! Discover an incredible income-producing multifamily property at 5024–5026 54th Street, ideally located just moments from San Diego State University. Offering a total of 10 bedrooms and 5 bathrooms across two separate units, this property presents an outstanding opportunity for investors, owner-occupants, or those seeking a strong rental portfolio. The front residence features a spacious 6-bedroom, 3-bathroom layout, while the rear residence offers an additional 4 bedrooms and 2 bathrooms. The rear unit was newly built in 2024 and is fully permitted, providing modern construction and additional income potential. Both units are fully powered by paid-off solar systems, offering energy efficiency and helping minimize ongoing utility expenses. With combined rental income averaging approximately $11,000 per month, this property offers an attractive income stream in a highly desirable rental market. Conveniently located near SDSU, shopping, dining, transportation, and major freeways, this is a rare opportunity to own a versatile, income-generating property in one of San Diego's sought-after rental locations. Whether you're looking to expand your investment portfolio or live in one unit while generating income from the other, this property offers incredible flexibility and potential!
Mortgage Calculator
Est. Monthly Payment
$12,256
Location
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Zoned Schools
Elementary
Hardy Elementary · grades K-5 · San Diego Unified
Middle
Lewis Middle · grades 6-8 · San Diego Unified
High
Henry High · grades 9-12 · San Diego Unified
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Comparable Properties
2 comps foundThis Property
$5,770
Comp Average
$6,278
5310 Prosperity
7bd / 4ba · 3,621 sqft · Single Family
$1.25M
Est. $6,739/mo
4922 64th
8bd / 4ba · 2,450 sqft · Single Family
$1.55M
Est. $5,817/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
17 leases of houses within 1 mi, size-adjusted · $5,416–$6,486
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$9,313/mo short at 20% down; 96% down or +$12,095/mo rent closes it.
- Break-even price
- $581,303
- Break-even rent
- $17,865/mo
- Cashflow at 35% down
- −$7,451/mo
- Down payment to break even
- 96%
- Rate to break even
- Not reachable
68% under asking
$12,095/mo above the estimate
$1,727,999 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.36% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.
Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.
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