5602 & 5610 Dorothy Dr, Talmadge/San Diego Central, CA 92115
- $4,200,000
- List Price
- $4,200,000
- Status
- ACTIVE
- MLS#
- 260012515SD
- Year Built
- 1984
- Days on Market
- 125
- Property Type
- Multifamily
- Stories
- One Level
- Neighborhood
- San Diego
Property Description
Two adjacent parcels totaling 13,200 SF with 4 units total, zoned RM-3-9 within the College Area Community Plan Update — a designated Transit Priority Area (TPA) and Sustainable Development Area (SDA). Base zoning supports 23+ units by right at 1 unit per 600 SF, with additional density available through state and local bonus programs. TPA eliminates parking minimums and unlocks density bonus eligibility; SDA supports higher-intensity infill. Currently operating as student rentals — each property (SFR + attached ADU) is master-leased as a single unit. 5602 Dorothy Dr (7BR/3BA, 2,111 SF) leases at $11,600/month through 25/26, stepping up to $11,800/month for 26/27. 5610 Dorothy Dr (7BR/4BA, 2,500 SF) leases at $11,600/month through 25/26, stepping up to $11,850/month for 26/27 — totaling $23,200/month currently, escalating to $23,650/month with no lease-up risk.
Additional Information
- Cooling
- Yes
- Cooling Description
- None, See Remarks
- Attached Structure
- Detached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $278,400
Listing courtesy of Listing Agent: Daniel Sipher (dan@sdlandmark.com) from Listing Office: Landmark Multifamily and Development.
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