6797 Lipmann Street

6797 Lipmann Street

D

San Diego, CA 92122

$1,490,000
NEW — 3d on market

Beds

3

Baths

2

Sqft

1,254

Year Built

1971

Days on Market

3

Property Type

Single Family

HOA/mo

N/A

MLS ID

CV26054002

Description

Exceptional opportunity in the highly desirable University City neighborhood of San Diego. This approximately 1,254 sq ft home sits on a large ~7,700 sq ft lot offering significant potential for future development. Located within a Transit Priority Area, the property may allow multiple ADU opportunities subject to buyer verification and city approval. Conceptual possibilities include several smaller ADUs or stacked two-story designs similar to nearby developments in the area, subject to buyer verification and city approval.The existing home features a functional layout with walk-in closet, updated interior elements, and several dual-pane windows. The backyard is improved with low-maintenance landscaping. There’s lots of side land to develop on. This property also presents potential for an SB9 lot split or the addition of a second primary residence, subject to buyer investigation and city approval. With strong resale and rental demand in this area, the property offers multiple possible strategies for investors, builders, or homeowners looking to maximize long-term value.Conveniently located near major employment centers, shopping, restaurants, and freeway access. A rare chance to secure a property with both current livability and future development upside in one of San Diego’s most sought-after neighborhoods.Buyer to verify all development potential, zoning regulations, ADU allowances, and SB9 possibilities with the City of San Diego prior to close of escrow.

Mortgage Calculator

Est. Monthly Payment

$9,459

Principal & Interest$7,534
Property Tax$1,490
Insurance$435
%($298,000)
%

Investment Score

1D
Est. Monthly Rent
$4,859
Monthly Cashflow

Rent − PITI − HOA

$-4,600
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,959

Mortgage (P+I)
$7,534
Cap Rate
0.46%
Cash-on-Cash
-28.02%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.51
Break-even Rent
$13,897

NOI (Annual)
$6,897
Price-to-Rent

Lower = better for investors

25.6

* 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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