5545 Mary Lane Drive

Property Overview

Two detached units on one lot in a prime location, just 1/3 mile from San Diego State University! Situated on a wide 6,400-square-foot lot, 5545-47 Mary Lane Drive is comprised of a 6 Bedroom/3 Bathroom front house and a 2019 construction, 4 Bedroom/2 Bathroom ADU in the rear. Both units feature modern finishes, private fenced yard & patio spaces, and dedicated on-site or in-unit laundry. The front residence has exclusive use of the long driveway with tandem parking for three vehicles. Additionally, each unit receives four street parking permits for a total of eight permits. Both units are leased through July 2027, generating a combined monthly income of $11,495, with professional third-party property management already in place. Historically, the property has secured leases 7–10 months in advance of each academic year, due to its highly desirable location, unit layouts and high-end finishes. The property is already being marketed for the 2027–2028 academic year at a projected 5.0% cap rate. This is an outstanding opportunity to acquire a well-established, income-producing student rental property, on a highly desirable street.

Home Details

Property type: Residential Income
Year built: 1988
Lot size: 6,400 sq ft
Stories: 1
Days on market: 0
MLS status: Active

Community, Schools & Utilities

Utilities

Heating: NaturalGas
Cooling: CentralAir,WallWindowUnits

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Location & Neighborhood

San Diego, CA 92115

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Frequently Asked Questions About 5545 Mary Lane Drive

Property type: Residential Income

The current asking price is $2,100,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 5545 Mary Lane Drive. Our team will confirm availability and timing.

This property offers the living space reported in the listing. It was built in 1988. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in San Diego, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this San Diego property.

The MLS currently reports the property as Active. It has been listed for 0 days. Status can change, so verify availability before relying on it.