An outstanding investment opportunity featuring two single-family properties currently utilized as student housing near San Diego State University. These homes offer dependable rental income in a dedicated student housing market. The first home, built in 1954 and remodeled in 2010, provides four bedrooms and two bathrooms, combining classic charm with modern updates to create a comfortable living space for tenants. The second property, constructed in 2022 and listed as an Accessory Dwelling Unit (ADU), includes four bedrooms, two bathrooms, a two-car garage, and alley access. Its contemporary design and amenities make it a functional and convenient housing option for students. Both homes are fully occupied by female tenants with leases secured through the school year of 2026. Their proximity to the university ensures they remain ideal student housing.
Sold for $1,950,000
$1,950,000
5544-46 Mary Lane Dr, San Diego, CA 92115
8beds
3,500sqft
Single Family Residence
Built in 1954
-- sqft lot
$1,961,400 Zestimate®
$557/sqft
$6,905 Estimated rent
Home value
$1,961,400
$1.77M - $2.16M
$6,905/mo
Zestimate® history
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$12,406/mo
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List your homeWhat's special
Modern updatesClassic charmContemporary designComfortable living space
Zillow last checked:
Listing updated:
Listed by:
Jake May DRE #01292626 619-778-9778,
The Jake May Team, Inc.
Bought with:
Daniel A Sipher, DRE #02043589
JLM Real Estate Inc.
Source: SDMLS,MLS#: 250025723
Originating MLS: SDMLS
Originating MLS: SDMLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Combination Heating, Forced Air Unit
Cooling
- Central Forced Air, N/K, Electric
Appliances
- Included: Dishwasher, Disposal, Dryer, Range/Oven, Refrigerator, Washer, Range/Stove Hood
- Laundry: Electric, Gas
Interior area
- Total structure area: 3,500
- Total interior livable area: 3,500 sqft
Property
Parking
- Total spaces: 10
- Parking features: Garage, Garage - Rear Entry
- Garage spaces: 2
Features
- Levels: 2 Story
- Pool features: N/K
- Fencing: Partial
Details
- Parcel number: 4661500700
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Stucco
- Roof: Composition,Flat
Condition
- Year built: 1954
Utilities & green energy
- Sewer: Sewer Available
- Water: Available
Community & HOA
Community
- Subdivision: Collage at Sorrento (CLAG)
Location
- Region: San Diego
Financial & listing details
- Price per square foot: $557/sqft
- Tax assessed value: $1,723,942
- Annual tax amount: $22,145
- Date on market: 4/26/2025
- Listing terms: FHA
Price history
| Date | Event | Price |
|---|---|---|
| 6/13/2025 | Sold | $1,950,000-7.1%$557/sqft |
Source:  SDMLS #250025723 Report a problem | ||
| 5/19/2025 | Pending sale | $2,100,000$600/sqft |
Source: SDMLS #250025723 Report a problem | ||
| 4/26/2025 | Listed for sale | $2,100,000+26.7%$600/sqft |
Source: SDMLS #250025723 Report a problem | ||
| 8/2/2022 | Sold | $1,657,000+347.8%$473/sqft |
Source: Public Record Report a problem | ||
| 7/16/2008 | Sold | $370,000-17.9%$106/sqft |
Source: Public Record Report a problem | ||
| 12/18/2007 | Sold | $450,500-39.1%$129/sqft |
Source: Public Record Report a problem | ||
| 11/29/2006 | Sold | $740,000+27.6%$211/sqft |
Source: Public Record Report a problem | ||
| 8/3/2005 | Sold | $580,000+118.9%$166/sqft |
Source: Public Record Report a problem | ||
| 11/30/2001 | Sold | $265,000+70.4%$76/sqft |
Source: Public Record Report a problem | ||
| 9/14/1998 | Sold | $155,500$44/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $22,145 +6.4% | $1,723,942 +2% |
| 2024 | $20,806 +2.3% | $1,690,140 +2% |
| 2023 | $20,346 +204.2% | $1,657,000 +203.4% |
| 2022 | $6,689 +0.7% | $546,199 +2% |
| 2021 | $6,643 +1.2% | $535,490 +1% |
| 2020 | $6,563 +21.4% | $530,000 +20.8% |
| 2019 | $5,404 +6.1% | $438,665 +2% |
| 2018 | $5,095 +2.4% | $430,065 +2% |
| 2017 | $4,974 +1.6% | $421,633 +2% |
| 2016 | $4,894 +1.5% | $413,367 +1.5% |
| 2015 | $4,822 +1.6% | $407,159 +2% |
| 2014 | $4,747 | $399,185 +0.5% |
| 2013 | -- | $397,382 +2% |
| 2012 | -- | $389,591 +2% |
| 2011 | -- | $381,953 +0.8% |
| 2010 | -- | $379,099 +2.5% |
| 2009 | -- | $370,000 -11.9% |
| 2008 | -- | $420,000 -43.2% |
| 2007 | -- | $740,000 +27.6% |
| 2006 | -- | $580,000 +106.5% |
| 2005 | -- | $280,850 +2% |
| 2004 | -- | $275,344 +1.9% |
| 2003 | -- | $270,299 +2% |
| 2002 | -- | $265,000 +65.9% |
| 2001 | -- | $159,699 |
Find assessor info on the county website
Neighborhood: College West
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Nearby schools
GreatSchools rating
- 10/10Hardy Elementary SchoolGrades: K-5Distance: 0.3 mi
- 7/10Lewis Middle SchoolGrades: 6-8Distance: 1.9 mi
- 9/10Patrick Henry High SchoolGrades: 9-12Distance: 2.5 mi
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Estimated market value
$1,961,400
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Estimated market value
$1,961,400
- California
- San Diego County
- San Diego
- 92115
- College West
- 5544-46 Mary Lane Dr
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