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5205 Tipton St #103, San Diego, CA 92115

San Diego
Local realty services provided by:CENTURY 21 Masters
5205 Tipton St #103,San Diego, CA 92115
$1,199,000
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  • 0 Acres
  • Lots / Land
  • Active
Listed by: daniel a sipher
Office: landmark multifamily and development
MLS#:260012860
Source:San Diego MLS via CRMLS

Price summary

  • Price:$1,199,000

About this home

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 into a 5BD/3BA ADU and 6BD/2.5BA SFD totaling 3,048 SF across two large-format units purpose-built for the student rental market. Once stabilized, 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.

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Home facts

  • Listing ID #:260012860
  • Added:1 day(s) ago
  • Updated:May 28, 2026 at 03:35 PM

Finances and disclosures

  • Price:$1,199,000
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