An outstanding investment opportunity featuring two single-family properties currently utilized as student housing near San Diego State University. These homes offer dependable rental income in a dedicated student housing market. The first home, built in 1954 and remodeled in 2010, provides four bedrooms and two bathrooms, combining classic charm with modern updates to create a comfortable living space for tenants. The second property, constructed in 2022 and listed as an Accessory Dwelling Unit (ADU), includes four bedrooms, two bathrooms, a two-car garage, and alley access. Its contemporary design and amenities make it a functional and convenient housing option for students. Both homes are fully occupied by female tenants with leases secured through the school year of 2026. Their proximity to the university ensures they remain ideal student housing.null
Sold for $1,950,000 on 06/13/25
$1,950,000
5544-46 Mary Lane Dr, San Diego, CA 92115
8beds
3,500sqft
Single Family Residence
Built in 1954
-- sqft lot
$2,045,900 Zestimate®
$557/sqft
$6,913 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 18, 2025 at 02:42pm
Listed by:
Jake May DRE #01292626 619-778-9778,
The Jake May Team, Inc.
Bought with:
Daniel A Sipher, DRE #02043589
JLM Real Estate Inc
Source: SDMLS,MLS#: 250025723
Originating MLS: San Diego Association of REALTOR

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Combination Heating, Forced Air Unit
Cooling
- Central Forced Air, N/K, Electric
Appliances
- Included: Dishwasher, Disposal, Dryer, Range/Oven, Refrigerator, Washer, Range/Stove Hood
- Laundry: Electric, Gas
Interior area
- Total structure area: 3,500
- Total interior livable area: 3,500 sqft
Property
Parking
- Total spaces: 10
- Parking features: Garage, Garage - Rear Entry
- Garage spaces: 2
Features
- Levels: 2 Story
- Pool features: N/K
- Fencing: Partial
Details
- Parcel number: 4661500700
- Special conditions: N/K
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Stucco
- Roof: Composition,Flat
Condition
- Year built: 1954
Utilities & green energy
- Sewer: Sewer Available
- Water: Available
Community & neighborhood
Location
- Region: San Diego
- Subdivision: Collage at Sorrento (CLAG)
Other
Other facts
- Listing terms: FHA
Services availability
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Estimated market value
$2,045,900