5205 Tipton St - Residential LAND FOR SALE


San Diego, CA 92115- College East5,275 SF
$1,199,000 USD
408-368-5225
5205 Tipton St, San Diego, CA for Sale
$1,199,000 USD
Residential LAND - FOR SALE
1/9
5,275 SF

5205 Tipton St
San Diego, CA 92115
College East


HIGHLIGHTS

  • Approved plans & permits RTI for 2 Units — move straight into the build, no entitlement risk.
  • $15,050/month projected stabilized income across 11 bedrooms purpose-built for the SDSU rental market.
  • Phase 2 path to a 3rd ADU by-right — additional density and income upside beyond what's already approved.

OVERVIEW

Approved plans, entitlements in hand, and permits ready to issue for a 2-unit project — zoned RS-1-7 within the SDA, TPA, and College Area Community Plan, this SDSU-area lot is built for an investor or developer looking to move fast. Approved plans convert the existing 2BD/1BA SFR into a 2-unit project totaling 3,048 SF: a first-floor ADU (5BD/3BA) built out from the existing 953 SF home area, 182 SF garage, and 350 SF covered patio, plus a new second-story addition to the SFD (6BD/2.5BA) — both 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 of the project presents the opportunity to add a 3rd unit by-right in the rear — unlocking additional density and meaningfully increasing stabilized income and long-term asset value. All square footage, unit counts, entitlements, development plans, and rental projections to be independently verified by buyer.

FOR SALE DETAILS

PRICE

$1,199,000 USD

PRICE/ACRE

$9,903,035/AC

PRICE/SF

$227 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

5205 Tipton St

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Apartment Units

LAND ACRES

0.12 AC

LAND SF

5,274 SF

OFFSITE IMPROVEMENTS

Telephone

ZONING

RS-1-7

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Daniel SipherLandmark Multifamily And DevelopmentMore Info
408-368-5225

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Daniel SipherLandmark Multifamily And DevelopmentMore Info
408-368-5225

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.