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5205 Tipton St - 5205 Tipton St 0.12 Acres of Residential Land Offered at $1,403,895 CAD in San Diego, CA 92115
Investment Highlights
- Approved plans & permits RTI for 2 Units — move straight into the build, no entitlement risk.
- Phase 2 path to a 3rd ADU by-right — additional density and income upside beyond what's already approved.
- $15,050/month projected stabilized income across 11 bedrooms purpose-built for the SDSU rental market.
Executive Summary
Approved plans, entitlements in hand, and permits ready to issue for a 2-unit project — zoned RS-1-7 within the SDA, TPA, and College Area Community Plan, this SDSU-area lot is built for an investor or developer looking to move fast.
Approved plans convert the existing 2BD/1BA SFR into a 2-unit project totaling 3,048 SF: a first-floor ADU (5BD/3BA) built out from the existing 953 SF home area, 182 SF garage, and 350 SF covered patio, plus a new second-story addition to the SFD (6BD/2.5BA) — both units purpose-built for the student rental market. Once stabilized, the project is projected to generate $15,050/month in gross rental income.
Phase 2 of the project presents the opportunity to add a 3rd unit by-right in the rear — unlocking additional density and meaningfully increasing stabilized income and long-term asset value.
All square footage, unit counts, entitlements, development plans, and rental projections to be independently verified by buyer.
Approved plans convert the existing 2BD/1BA SFR into a 2-unit project totaling 3,048 SF: a first-floor ADU (5BD/3BA) built out from the existing 953 SF home area, 182 SF garage, and 350 SF covered patio, plus a new second-story addition to the SFD (6BD/2.5BA) — both units purpose-built for the student rental market. Once stabilized, the project is projected to generate $15,050/month in gross rental income.
Phase 2 of the project presents the opportunity to add a 3rd unit by-right in the rear — unlocking additional density and meaningfully increasing stabilized income and long-term asset value.
All square footage, unit counts, entitlements, development plans, and rental projections to be independently verified by buyer.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per AC (CAD) |
|---|---|---|
| Gross Rental Income |
$253,797
|
$2,097,497.39
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$12,690
|
$104,874.87
|
| Effective Gross Income |
$241,107
|
$1,992,622.52
|
| Taxes |
$34,448
|
$284,695.20
|
| Operating Expenses |
$29,851
|
$246,705.65
|
| Total Expenses |
$64,300
|
$531,400.85
|
| Net Operating Income |
$176,808
|
$1,461,221.67
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $253,797 |
| Annual Per AC | $2,097,497.39 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $12,690 |
| Annual Per AC | $104,874.87 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $241,107 |
| Annual Per AC | $1,992,622.52 |
| Taxes (CAD) | |
|---|---|
| Annual | $34,448 |
| Annual Per AC | $284,695.20 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $29,851 |
| Annual Per AC | $246,705.65 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $64,300 |
| Annual Per AC | $531,400.85 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $176,808 |
| Annual Per AC | $1,461,221.67 |
Property Facts
| Price | $1,403,895 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Redevelopment Project | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.12 AC |
| Zoning | RS-1-7 - Residential | ||
| Price | $1,403,895 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.12 AC |
| Zoning | RS-1-7 - Residential |
1 Lot Available
Lot
| Price | $1,403,895 CAD | Lot Size | 0.12 AC |
| Price Per AC | $11,599,751.47 CAD |
| Price | $1,403,895 CAD |
| Price Per AC | $11,599,751.47 CAD |
| Lot Size | 0.12 AC |
Approved plans, entitlements in hand, and permits ready to issue for a 2-unit project. Located on a 5,277 sq ft lot and zoned RS-1-7 within the SDA, TPA, and College Area Community Plan.
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Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
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5205 Tipton St - 5205 Tipton St
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