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Mary Lane Aztec Villas 1 Multifamily Properties Offered at $2,900,000 in San Diego, CA
Investment Highlights
- Opportunity to acquire contiguous parcels near San Diego State University
- Historically operated as successful student rentals with strong demand
- ?Strong and consistent off-campus student housing demand | Functional layouts ideal for group student leasing
- ?Can be purchased together or separately ($1.4M & $1.5M)
- ?Prime walk-to-campus location near SDSU, transit, dining, and retail
- Large flat lots with potential to add ADUs, similar to other nearby properties on the street (Rendering Included)
Executive Summary
6233-35 & 6239-41 Mary Lane present a rare opportunity to acquire two contiguous properties on one of the premier streets surrounding San Diego State University.? Located within walking distance to campus, transit, and major retail amenities, the properties are ideally positioned to capitalize on the area’s consistently strong student housing demand.?
Historically operated as successful student rentals, the properties have demonstrated strong occupancy and consistent demand driven by the growing SDSU off-campus housing market.? The assets offer attractive in-place income with additional upside through continued unit upgrades, operational improvements, and potential ADU additions, as several neighboring properties on the street have already completed.?
With functional layouts suited for roommate living, large flat lots, and valuable off-street parking, the properties provide an ideal opportunity for investors seeking stable cash flow, value-add potential, or future expansion opportunities in the highly sought-after College Area submarket.?
Historically operated as successful student rentals, the properties have demonstrated strong occupancy and consistent demand driven by the growing SDSU off-campus housing market.? The assets offer attractive in-place income with additional upside through continued unit upgrades, operational improvements, and potential ADU additions, as several neighboring properties on the street have already completed.?
With functional layouts suited for roommate living, large flat lots, and valuable off-street parking, the properties provide an ideal opportunity for investors seeking stable cash flow, value-add potential, or future expansion opportunities in the highly sought-after College Area submarket.?
Property Facts
| Price | $2,900,000 | Number of Properties | 2 |
| Price / SF | $1,615 / SF | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 1,796 SF |
| Status | Active | Total Land Area | 0.28 AC |
| Price | $2,900,000 |
| Price / SF | $1,615 / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 1,796 SF |
| Total Land Area | 0.28 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 6239-41 Mary Ln Dr, San Diego, CA 92115 | Multifamily | 1,796 SF | 1949 | - |
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