5602 & 5610 Dorothy DrSan Diego, CA 92115

Multi-Family
$4,200,000 Active

5602 & 5610 Dorothy Dr Overview

Time on Site:
38 days
Visits:
0

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.

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5602 & 5610 Dorothy Dr Facts & Features

  • Type Multi-Family

Details

General

Income/Expenses

  • Gross Scheduled Income: 278400.0
  • Net Operating Income: 204220.0

Building Information

  • Year Built: 1984

Location/Region

  • Country: US
  • County Or Parish: San Diego
  • MLS Area Major: 92115 - San Diego
  • Postal City: SAN DIEGO
  • Subdivision Name: San Diego

Rent/Lease Information

  • Tenant Pays: Gas,Water

General Information

  • Parcel Number: 4661711100 & 100
  • Park Name: College Area
  • Property Type: Residential Income
  • Senior Community: No
  • Zoning: RM-3-9

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Heating: Yes
  • Levels: One
  • Spa: No
  • Stories: 1
  • Stories Total: 1

Exterior

Lot Information

  • Lot Size Source: Assessor
  • Number Of Buildings: 2

Waterfront/View

  • View: No

General Information

  • Number Of Units Total: 4

5602 & 5610 Dorothy Dr Neighborhood

Community

92115 (SAN DIEGO) Demographics

28
Median Age
9,771
Population Density (per sq. mile)
44%
College Educated
$56,137
Estimated Median Income
7,681
Estimated Total Home Owners
13,527
Estimated Total Renters
36% / 64%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

5602 & 5610 Dorothy Dr Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

5602 & 5610 Dorothy Dr Market Data

Based on the last 30 days in this zip code

$776,840
Average List Price
$634
Average Price per Square Foot
27
Properties Sold
58
Average Days on Market
145
Properties for Sale
Calculations provided by Reliance Network

5602 & 5610 Dorothy Dr History

Date Event Value Agent
5/22/2026Source: CRMLS Added to Database
May 22, 2026
Listing provided courtesy of Landmark Multifamily and DevelopmentDaniel Sipher- MLS# 260012515SDMLS ProviderContact Information: 408-368-5225
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