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Listed by Landmark Multifamily and Development, Daniel Sipher.

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5602 Dorothy DrSan Diego, CA 92115

Active
$4,200,000
0
0 SqFt

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.


FACTS & FEATURES

  • Property Type:
    Residential Income
  • Architectural Style:
  • Bedrooms:
  • Bathrooms:
    0
  • Dwelling Size:
    0 SqFt
  • Lot Size:
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  • Year Built:
    1984
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  • Area:
    92115 - San Diego
  • Views:
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  • HOA:
  • Senior Community:
    False
  • Heating:
  • Cooling:
    None,See Remarks
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Listing Office: Landmark Multifamily and Development. Listing Agent: Daniel Sipher. Listing ID: 260012515SD

Last Updated May 22, 2026 4:08 PM
Data last checked against CRMLS on June 18, 2026 6:52 PM

Based on information from California Regional Multiple Listing Service, Inc. as of June 18, 2026 6:52 PM and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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