5602 Dorothy Dr - Residential Income FOR SALE


San Diego, CA 92115- College West
$4,200,000 USD
408-368-5225
5602 Dorothy Dr, San Diego, CA for Sale
$4,200,000 USD
Residential Income - FOR SALE
1/7
null | Request Cap Rate

5602 Dorothy Dr
San Diego, CA 92115
College West


HIGHLIGHTS

  • Fully leased through 26/27 academic year at $23,200–$23,650/month — zero lease-up risk
  • Two adjacent lots, 13,200 SF combined — a rare covered land assemblage
  • 7BR per unit drives premium rents and strong yield-per-SF in the SDSU corridor
  • RM-3-9 Zoning (1dwelling/600Sqft)

OVERVIEW

Two adjacent parcels totaling 13,200 SF with 4 units total, zoned RM-3-9 within the College Area Community Plan Update — a designated Transit Priority Area (TPA) and Sustainable Development Area (SDA). Base zoning supports 23+ units by right at 1 unit per 600 SF, with additional density available through state and local bonus programs. TPA eliminates parking minimums and unlocks density bonus eligibility; SDA supports higher-intensity infill. Currently operating as student rentals — each property (SFR + attached ADU) is master-leased as a single unit. 5602 Dorothy Dr (7BR/3BA, 2,111 SF) leases at $11,600/month through 25/26, stepping up to $11,800/month for 26/27. 5610 Dorothy Dr (7BR/4BA, 2,500 SF) leases at $11,600/month through 25/26, stepping up to $11,850/month for 26/27 — totaling $23,200/month currently, escalating to $23,650/month with no lease-up risk.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$911 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5602 & 5610 Dorothy Dr

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,639 SF

ZONING

RM-3-9

APN/PARCEL ID

466-171-10,466-171-11

ASK ABOUT THIS PROPERTY

Daniel SipherLandmark Multifamily And DevelopmentMore Info
408-368-5225

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

Daniel SipherLandmark Multifamily And DevelopmentMore Info
408-368-5225

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