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$ 4,200,000
Est. payment | /mo
$ 4,200,000
Est. payment | /mo
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision San Diego
MLS Listing ID 260012515SD
HOA Y/N No
Year Built 1984
Property Description
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.
Location
State CA
County San Diego
Area 92115 - San Diego
Building/Complex Name College Area
Zoning RM-3-9
Interior
Cooling None, See Remarks
Fireplace No
Exterior
View Y/N No
Building
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 4661711100 & 100
Listed by Daniel Sipher Landmark Multifamily and Development #02043589