5205 Tipton St
San Diego, CA 92115 College East

A rare value-add opportunity in the heart of the SDSU rental corridor, this SDA-zoned lot within the College Area Community Plan is positioned for an investor or developer looking to move fast on a high-demand asset without the entitlement wait. The existing SFR presents immediate upside through a garage conversion combined with a full remodel of the main house — creating a large-format 5BD/2BA unit purpose-built for the student rental market. With additional room on site, a buyer can add a 1,200 SF ADU configured as a 5BD/2BA, bringing the property to a (2)-unit income asset just steps from SDSU's campus. Together, the (2) units are projected to generate $12,000/month in gross rental income once stabilized — a compelling return profile driven by one of San Diego's most consistently high-demand rental
submarkets. Whether executing both phases or building in stages, this is a straightforward value-add play with a clear path to strong
stabilized income. All square footage, unit counts, development potential, and rental
projections to be independently verified by buyer.