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… Read More 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. Read Less
Property listed by Landmark Multifamily and Development, Daniel Sipher 408-368-5225
Listing Snapshot
Days Online
146
Last Updated
Year Built
1984
MLS Number
260012515SD
Additional Details
Building
Built in 1984, 2 buildings, 1 storey, Levels: One
Community
Park Name: College Area
Cooling
None, SeeRemarks
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $278,400, Net Operating Income: $204,220
Taxes
Parcel Number: 4661711100 & 100, Zoning: RM-3-9
Tenant Pays
Gas, Water
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