5205 Tipton St
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5205 Tipton St

C

San Diego, CA 92115

$1,149,000

Soft Appraisal Value: $1,137,100 · 1.0% above estimate

Beds

2

Baths

1

Sqft

936

Year Built

1951

Days on Market

45

Property Type

Single Family

HOA/mo

N/A

MLS ID

260012947SD

This property is in San Diego (92115). View neighborhood stats →

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About This Property

Permits ready to issue on an approved 2-unit project in the heart of SDSU's rental corridor — plans are approved and entitlements are in hand,zoned RS-1-7 within the SDA, TPA, and College Community Plan. No entitlement risk, no waiting; approved plans convert the existing SFR intoa 5BD/3BA ADU and 6BD/2.5BA SFD totaling 3,048 SF across two large-format units purpose-built for the student rental market. Oncestabilized, the project is projected to generate $15,050/month in gross rental income. Phase 2 presents a clear path to adding a 3rd unit by-right in the rear, unlocking additional density and income upside beyond what's already approved. Plans in Documents tab.

Mortgage Calculator

Est. Monthly Payment

$7,294

Principal & Interest$5,810
Property Tax$1,149
Insurance$335
%($229,800)
%

Location

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Investment Score

2D
Est. Monthly Rent
$3,437
Monthly Cashflow

Rent − PITIA

$-3,857
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,605

Mortgage (P+I)
$5,810
Cap Rate
0.21%
Cash-on-Cash
-29.27%
DSCR

Need ≥ 1.25 for DSCR loan

0.47
Break-even Rent
$10,716

NOI (Annual)
$2,460
Price-to-Rent

Lower = better for investors

27.9

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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