5545 Mary Lane Drive
San Diego, CA 92115
$2,100,000
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.
| Listing Id: | 260026770 |
|---|---|
| List Price: | $2,100,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Res Income 2-4 Units |
| Status: | Active |
| Bedrooms Total: | 10 |
| Bathrooms Full: | 5 |
| Lot Size Square Feet: | 6,400.0 |
| Waterfront?: | No |
| City: | San Diego |
| County Or Parish: | San Diego |
| Subdivision Name: | College Park West (Cpw) |
| Postal Code: | 92115 |
| Year Built: | 1988 |
| Number Of Units Total: | 2 |
| Basement: | false |
| Bathrooms Total Integer: | 5 |
| Building Area Total: | 2,873.0 |
| Building Area Units: | Sqft |
| Feed Types: | IDX |
| Construction Materials: | Stucco |
| Cooling: | Central Forced Air, Wall/Window |
| Directions: | Google Maps and Apple Maps are accurate. |
| Fencing: | Partial |
| Heating: | Wall/Gravity |
| Levels: | 1 Story |
| Living Area Units: | Sqft |
| Lot Size Units: | Acres |
| MLS Area Major: | Metro Uptown |
| Parcel Number: | 466-150-14-00 |
| Photos Change Timestamp: | 2026-11-10T22:07:47Z |
| Roof: | Composition |
| Special Listing Conditions: | N/K |
| State Or Province: | CA |
| Stories Total: | 1 |
| Sdmls Neighborhood: | College Area |
| Building Name: | College Area |
| Sdmls Area Zip: | SAN DIEGO (92115) |
| Sdmls Lvt Date: | 2026-11-10 |
| Original List Price: | $2,100,000 |
| Sale Or Rent: | For Sale |
| Sdmls Status Detail: | 0 |
| Heat Source: | Natural Gas |
| Security Features: | N/K |
| Tenant Pays: | Electricity, Sewer, Water |
| Listing Terms: | Cash, Conventional |
| Sdmls Short Sale: | No |
| Sdmls Unit Numfor Unit1: | 5545 |
| Sdmls Unit Numfor Unit2: | 5547 |
| Sdmls Internet Address: | 5545 Mary Lane Drive |
| Operating Expense: | $40,360 |
| Gross Scheduled Income: | $137,940 |
| Number Of Buildings: | 2 |
| Sdmls Max Search Price: | 2,100,000 |
| Sdmls Num Unitsw Cooling: | 1 |
| Sdmls Geo Update Timestamp: | 2026-11-10T21:55:42.9 |
| Sdmls Full Address: | 5545 Mary Lane Drive |
| Sdmls Pp Insta: | https://www.propertypanorama.com/instaview/snd/260026770 |
| Sdmls Unit1 Full Baths: | 3.0 |
| Sdmls Unit2 Full Baths: | 2.0 |
| Sdmls Unit1 Beds: | 6.0 |
| Sdmls Unit2 Beds: | 4.0 |
| Sdmls Lot Size: | 4, 000-7, 499 SF |
| On Market Date: | 2026-11-10 |
Listing Courtesy of: Coldwell Banker Realty
Listing Agent: Tyler Joseph Hadzicki
619-992-5836
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© 2026 San Diego MLS.
San Diego MLS data last updated on November 11, 2026 07:00 AM - PT.
Property Last Updated: November 11, 2026 07:00 AM - PT
