Homes for sale - 5232 Prosperity Ln, San Diego, CA 92115

Tony English

Broker | License ID: 01363194

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$ 1,600,000

$ 1,495,000 7.0%

Est. payment | -/mo

Video Tour

$ 1,600,000

$ 1,495,000 7.0%

Est. payment | -/mo

Video Tour

Key Details

Sold Price $1,600,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Square Footage 3,318 sqft

Price per Sqft $482

Subdivision College Grove

MLS Listing ID 240028119SD

Sold Date 02/20/25

Bedrooms 8

Full Baths 4

HOA Y/N No

Year Built 1961

Lot Size 6,298 Sqft

Property Sub-Type Single Family Residence

Property Description

Welcome to your dream investment or multi-generational living opportunity near San Diego State University! This exceptional property offers an 8-bedroom, 4-bathroom layout across a spacious 3318 sqft, with endless possibilities. The main house features 6 large bedrooms, 3 bathrooms, an open living area, and a newly remodeled kitchen with upgraded flooring throughout. Natural light pours into the expansive space, making it perfect for gatherings or relaxation. Adding even more value is the newly built, fully permitted 2-bedroom, 1-bathroom ADU with its own address, private entrance, kitchen, and laundry hookups—ideal for renting out or personal use. Step outside to enjoy your private oasis with a sparkling pool, stunning backyard views, and ample space for entertaining. Situated on a cul-de-sac in a high-demand rental area, this property is currently leased below market at $7,940/month, with potential to exceed $10,000/month for the next lease. With proximity to SDSU, this turn-key investment property offers constant rental demand. These properties are operate on 12 month leases and just a 3-5 day vacancy between move ins. Rent out the main house and live in the ADU, or maximize returns by renting both. Opportunities like this don't come often!

Location

State CA

County San Diego

Area 92115 - San Diego

Interior

Interior Features Bedroom on Main Level, Main Level Primary, Walk-In Closet(s)

Heating Forced Air, Natural Gas

Cooling None

Fireplace No

Appliance Counter Top, Dishwasher, Electric Oven, Disposal, Microwave, Refrigerator

Laundry Electric Dryer Hookup, In Garage

Exterior

Parking Features Concrete

Garage Spaces 2.0

Garage Description 2.0

Fence Wood

Pool In Ground

View Y/N No

Roof Type Shingle

Attached Garage Yes

Total Parking Spaces 4

Private Pool No

Building

Story 2

Entry Level Two

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4668201600

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, VA Loan

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, VA Loan

Financing Conventional

Listed by Peyman Mortezaie • LPT Realty,Inc
Bought with Dustin Thompson • eXp Realty of California, Inc.

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

+1(949) 463-1085

tonyenglish@me.com

28391 Sheridan Dr, Niguel, California, 92677, United States

5232 Prosperity Ln San Diego, CA 92115

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Key Details

Location

Interior

Exterior

Building

Others

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5232 Prosperity Ln