About 5505 Mary Lane Dr
TURN KEY 4-unit SDSU student rental property as close as it gets to campus! Offered at a 5.8% CAP rate WITH MANAGEMENT in place! Built / renovated in 2023 - 5505-5511 Mary Lane Dr is comprised of (1) 5BR/3BA, (1) 4BR/2BA, and (1) 3BR/2BA and (1) 2BR/1BA- totalling 14beds/8baths and 3,877 sqft bringing in $21,300 per mo. Current management is very effective in negotiating high rental lease rates and can continue. Excellent Turn-Key return for an investor. These properties operate on 12 month lease with early renewals so vacancy averages less than 2%. Extremely rare for properties this close to campus to become available for sale.
Features of 5505 Mary Lane Dr
| MLS® # | 260022437 |
|---|---|
| Price | $3,195,000 |
| Bedrooms | 14 |
| Bathrooms | 8.00 |
| Full Baths | 8 |
| Year Built | 2023 |
| Type | Residential Income |
| Sub-Type | Res Income 2-4 Units |
| Status | Active |
Community Information
| Address | 5505 Mary Lane Dr |
|---|---|
| Area | SAN DIEGO (92115) |
| Subdivision | College Area |
| City | San Diego |
| County | San Diego |
| State | CA |
| Zip Code | 92115 |
Amenities
| Amenities | N/K |
|---|---|
| Is Waterfront | No |
| Has Pool | Yes |
Interior
| Cooling | N/K |
|---|---|
| Fireplace | Yes |
| Stories | 2 Story |
Exterior
| Roof | Other/Remarks |
|---|---|
| Construction | Other/Remarks |
Fees
| Other Fees | $0 |
|---|
Additional Information
| Date Listed | September 13th, 2026 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Listing Office | Bridgepoint Realty Inc |