Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

2

Year built

1955

Stories

2

Cooling

Central Air

Status

Active

Days on market

4

MLS #

247393198

About this property

Approximately 27,000 sq ft at the end of a hilltop cul-de-sac, with no rear neighbors, views, and two fully renovated units already producing $8,900/mo. 6201 and 6203 Romo St give an investor or developer both day-one cash flow and a large canvas to grow into. The oversized, usable lot offers room for additional ADUs, a garage or carport, or other expansion. Current rents of $4,600 and $4,300 sit below comparable renovated units, leaving room to grow income over time. Both feature updated kitchens and appliances, plumbing and electrical, HVAC, in-unit laundry, and a newer roof. The main home includes a primary suite with an attached den and walk-in closet. The large parking area fits an RV, a boat, and multiple vehicles.

Location

6203 Romo Street

San Diego, San Diego, CA, 92115