New Listing
Price Reduced Listing
In-Person: 11/14 1:00 PM - 3:00 PM**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 $11,000 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!
| MLS | PTP2608228 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1958 |
| Days On Site | 1 |
| Listing Provided By | Real Broker | Sarah Meester |
| Bed(s) | 10 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 3,000 |
| Story(s) | 1 |
| Zoning | RS-1-7 |
| Acreage | 0.16 |
| Property View | Yes |
| Cooling | Central Air |
|---|---|
| Heating Yes / No | No |
| Cooling Yes / No | Yes |
| Fireplace Yes / No | No |
| Lot Features | Zero To One Unit Acre |
|---|
| Garage Yes / No | No |
|---|
| Community Features | Curbs, Gutters, Street Lights, Suburban, Sidewalks |
|---|
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92115 |
| Area | 92115 San Diego |
| Listing VS Median (in 92115) | |
Price: $1,799,999 low | high Med: $854,450 sqft: 3,000 low | high Med: 1,086 $ / sqft: $600 low | high Med: $816 On site: 1 low | high Med: 67 | |
| Open House |
|---|
| In-Person 11/14 1:00 PM - 3:00 PM |
| In-Person 11/15 1:00 PM - 3:00 PM |
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92115 |
| Area | 92115 San Diego |
| Listing VS Median (in 92115) | |
Price: $1,799,999 low | high Med: $854,450 sqft: 3,000 low | high Med: 1,086 $ / sqft: $600 low | high Med: $816 On site: 1 low | high Med: 67 | |
![]() | $1,799,9995024 26 54th StreetSan Diego, CA 92115 |