Prime opportunity walking distance from SDSU and generates $11,240 of gross rents! This is a value-add property with the opportunity to increase rents further to $12,000+ per month. Ideally located for off-campus student housing, ensures strong rental demand and high rental income. The front house offers 4 bedrooms and 2 bathrooms, now generating $6,040 monthly, while the second unit (new construction ADU) also boasts 4 bedrooms and 2 bathrooms, bringing in $5,200 monthly. This unit includes paid off Solar. Currently a 5.5% Cap Rate, this property has the ability to maximize rents to a pro forma 5.8% Cap Rate. With its unbeatable location and consistent rental demand, this property promises a steady and lucrative return.
Sold for $1,680,000
Tax assessed value
$1,680,000
5129 Leo St, San Diego, CA 92115
8beds
2,612sqft
Single Family Residence
Built in 1954
-- sqft lot
$1,695,500 Zestimate®
$643/sqft
$7,591 Estimated rent
Home value
$1,695,500
$1.54M - $1.87M
$7,591/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Daniel A Sipher DRE #02043589 408-368-5225,
JLM Real Estate Inc.,
Jason J Lee DRE #02068011 619-891-0403,
JLM Real Estate Inc.
Bought with:
Austin Ball, DRE #02132673
Austin Ball, Broker
Source: SDMLS,MLS#: 240026171
Originating MLS: SDMLS
Originating MLS: SDMLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- N/K, Other/Remarks
Cooling
- Central Forced Air
Appliances
- Included: Microwave, N/K
- Laundry: Other/Remarks
Interior area
- Total structure area: 2,612
- Total interior livable area: 2,612 sqft
Property
Parking
- Total spaces: 4
- Parking features: Attached
- Garage spaces: 2
Features
- Levels: 1 Story
- Pool features: N/K
- Fencing: Other/Remarks
Details
- Parcel number: 4671231000
- Special conditions: Call Agent
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Other/Remarks
- Roof: Other/Remarks
Condition
- Year built: 1954
Utilities & green energy
- Sewer: Other/Remarks
- Water: Other/Remarks
Community & HOA
Community
- Subdivision: College Park Estates (CPS)
Location
- Region: San Diego
Financial & listing details
- Price per square foot: $643/sqft
- Tax assessed value: $1,680,000
- Annual tax amount: $21,579
- Date on market: 11/6/2024
- Listing terms: Cash,Conventional,Exchange,FHA
Price history
| Date | Event | Price |
|---|---|---|
| 10/24/2025 | Listing removed | $6,000$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/25/2025 | Listed for rent | $6,000+3.4%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/31/2024 | Sold | $1,680,000-4%$643/sqft |
Source:  SDMLS #240026171 Report a problem | ||
| 12/4/2024 | Pending sale | $1,749,999$670/sqft |
Source: SDMLS #240026167 Report a problem | ||
| 11/6/2024 | Listed for sale | $1,749,999+113.4%$670/sqft |
Source: SDMLS #240026167 Report a problem | ||
| 10/26/2024 | Listing removed | $5,800$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/17/2024 | Listed for rent | $5,800+9.4%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/19/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 5/25/2024 | Price change | $5,300-3.6%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/18/2024 | Price change | $5,500-3.5%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/13/2024 | Listed for rent | $5,700+18.8%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/2/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 1/13/2023 | Listed for rent | $4,800+28%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/13/2022 | Sold | $820,000$314/sqft |
Source: Public Record Report a problem | ||
| 12/25/2020 | Listing removed | $3,750$1/sqft |
Source: 1963 Report a problem | ||
| 12/4/2020 | Listed for rent | $3,750$1/sqft |
Source: 1963 Report a problem | ||
| 12/10/2019 | Listing removed | $3,750$1/sqft |
Source: Cethron Property Management Report a problem | ||
| 11/16/2019 | Listed for rent | $3,750+10.3%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 6/3/2019 | Listing removed | $3,400$1/sqft |
Source: Cethron Property Management Report a problem | ||
| 5/27/2019 | Listed for rent | $3,400$1/sqft |
Source: Cethron Property Management Report a problem | ||
| 4/8/2019 | Listing removed | $3,400$1/sqft |
Source: Cethron Property Management Report a problem | ||
| 2/23/2019 | Listed for rent | $3,400+6.3%$1/sqft |
Source: Cethron Property Management Report a problem | ||
| 7/12/2018 | Listing removed | $3,200$1/sqft |
Source: Cethron Property Management Report a problem | ||
| 6/12/2018 | Price change | $3,200-8.6%$1/sqft |
Source: Cethron Property Management Report a problem | ||
| 5/24/2018 | Price change | $3,500-1.4%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 4/21/2018 | Price change | $3,550-6%$1/sqft |
Source: Cethron Property Management Report a problem | ||
| 3/13/2018 | Listed for rent | $3,775$1/sqft |
Source: Cethron Property Management Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $21,579 +105.3% | $1,680,000 +96.9% |
| 2024 | $10,512 +2.3% | $853,128 +2% |
| 2023 | $10,280 +205.4% | $836,400 +205.2% |
| 2022 | $3,366 +0.7% | $274,059 +2% |
| 2021 | $3,344 +1.2% | $268,687 +1% |
| 2020 | $3,303 +2.8% | $265,933 +2% |
| 2019 | $3,212 +5.8% | $260,719 +2% |
| 2018 | $3,035 +2.4% | $255,608 +2% |
| 2017 | $2,963 +1.6% | $250,597 +2% |
| 2016 | $2,915 +1.5% | $245,685 +1.5% |
| 2015 | $2,872 +1.6% | $241,996 +2% |
| 2014 | $2,828 | $237,257 +0.5% |
| 2013 | -- | $236,186 +2% |
| 2012 | -- | $231,556 +2% |
| 2011 | -- | $227,016 +0.8% |
| 2010 | -- | $225,320 -0.2% |
| 2009 | -- | $225,857 +2% |
| 2008 | -- | $221,429 +2% |
| 2007 | -- | $217,088 +2% |
| 2006 | -- | $212,833 +2% |
| 2005 | -- | $208,661 +2% |
| 2004 | -- | $204,571 +1.9% |
| 2003 | -- | $200,822 +2% |
| 2002 | -- | $196,885 +2% |
| 2001 | -- | $193,026 |
Find assessor info on the county website
Neighborhood: College East
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Nearby schools
GreatSchools rating
- 6/10Clay Elementary SchoolGrades: K-5Distance: 0.6 mi
- 7/10Lewis Middle SchoolGrades: 6-8Distance: 2.2 mi
- 9/10Patrick Henry High SchoolGrades: 9-12Distance: 1.9 mi
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Estimated market value
$1,695,500
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Estimated market value
$1,695,500
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