$1,875,000

5024 54Th St San Diego, CA 92115

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0.16 acres

Residential Income · Built 1958 · 6 days on Properkey

Description

** Two homes on one lot** Exceptional Investment Opportunity Near SDSU! Discover an incredible income-producing multifamily property at 5024–5026 54th Street, ideally located just moments from San Diego State University. Offering a total of 10 bedrooms and 5 bathrooms across two separate units, this property presents an outstanding opportunity for investors, owner-occupants, or those seeking a strong rental portfolio. The front residence features a spacious 6-bedroom, 3-bathroom layout, while the rear residence offers an additional 4 bedrooms and 2 bathrooms. The rear unit was newly built in 2024 and is fully permitted, providing modern construction and additional income potential. Both units are fully powered by paid-off solar systems, offering energy efficiency and helping minimize ongoing utility expenses. With combined rental income averaging approximately $11,500 per month, this property offers an attractive income stream in a highly desirable rental market. Conveniently located near SDSU, shopping, dining, transportation, and major freeways, this is a rare opportunity to own a versatile, income-generating property in one of San Diego's sought-after rental locations. Whether you're looking to expand your investment portfolio or live in one unit while generating income from the other, this property offers incredible flexibility and potential!

Agent & source

Listed by
Sarah Meester
Brokerage
Real Broker
DRE
#02169182
Phone
209-840-9247
MLS # PTP2608246 Source CRMLS

Property details

Rooms & Layout

Levels
2 stories
Laundry
Inside

Property Features

Lot features
0-1 Unit/Acre
Community
  • Curbs
  • Street Lights
  • Suburban
  • Sidewalks

Exterior & Parking

Common Walls
No Common Walls

Utilities

Water Source
Mutual Water Companies

Nearby

Active Pending Closed Rental

School information not available for this property.

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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 2026-11-12 05:15:05 PST. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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