618 E 5th St , A-B

Description

Prime Investment Opportunity in a High-Demand Location! Located just 2 minutes from downtown and San Diego State University, this property offers strong rental demand and long-term appreciation potential. The main residence has been recently upgraded with a new kitchen featuring modern cabinets and countertops, new paint, new flooring, a new bathroom vanity, and a dedicated laundry room, minimizing near-term capital expenses. The property is zoned RC (Residential-Commercial), providing valuable flexibility for mixed-use, business, or residential income strategies. A significant value-add is the attached income-producing ADU, featuring 2 bedrooms, 1 bathroom, a laundry area, separate utility meters, and three parking spaces. The ADU is currently rented month-to-month at $1,300, allowing investors to increase rents, reposition, or redevelop as market conditions allow. Well-suited for investors seeking multiple income streams, operational efficiency, zoning flexibility, and strong location fundamentals in one of the area's most desirable rental corridors.