Active

5205 Tipton St

San Diego, CA 92115

$1,199,000 $5,055/Mo

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Overview

Acres (Lot)

Description

Permits ready to issue on an approved 2-unit project in the heart of SDSU's rental corridor — plans are approved and entitlements are in hand, zoned RS-1-7 within the SDA, TPA, and College Community Plan. No entitlement risk, no waiting; approved plans convert the existing SFR into a 5BD/3BA ADU and 6BD/2.5BA SFD totaling 3,048 SF across two large-format 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 presents a clear path to adding a 3rd unit by-right in the rear, unlocking additional density and income upside beyond what's already approved. Plans in documents Tab.

Property Details

Property Type : Land

Price : $1,199,000

AD Id : 79435170

MLS Id : 260012860SD

County : San Diego

Map

What's Nearby

Nearby Areas

Features

Bathroom Information

Total Baths: 0

Fencing

Partial

Listing Price Information

Original List Price: 1,199,000 Listing Contract Date: 2026-05-27
Lease Information

Listing Agreement: Seller Reserved

Tax Information

Parcel Number: 4670720800

Other Property Info

Source Listing Status: Active Source Neighborhood: 92115 - San Diego Directions: Call or text listing agent Dan Sipher. CrossStreet: Tipton St Zoning: RS-1-7 Source Property Type: Land Area: 92115 - San Diego

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
5665 Toyon Rd, San Diego, CA, 92115	$1,250,000	--	--	--	30,927 Sqft(Lot)
4230 45th St, San Diego, CA, 92115	$999,999	--	--	--	9,386 Sqft(Lot)

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ByOwner last updated this listing 06/10/2026 @ 17:42

MLS: 260012860SD LISTED BY: Daniel Sipher, Landmark Multifamily and Development 408-368-5225 SOURCE: CRMLS