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California>San Diego>College West

5602 & 5610 Dorothy DrSan Diego, CA 92115

For Sale

$4,200,000

Smart Buyer Rebate $42,000

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.

Listed by Daniel Sipher

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License #02043589

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Landmark Multifamily and Development

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408-368-5225

Last updated May 22, 2026

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Source: CRMLS #260012515SD

Listing Facts

  • TypeMulti-family
  • NeighborhoodCollege West
  • Days on Prevu24

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

05/22/2026
Listed by Landmark Multifamily and Development
$4,200,000

Property Details for 5602 & 5610 Dorothy Dr

Exterior

Construction

  • Number Of Units Total: 4
  • Stories: 1
  • Stories Total: 1
  • Year Built: 1984

Measurements

  • Lot Size Source: Assessor

Financial

Residential Income

  • Cap Rate: 4.9

Taxes

  • Parcel Number: 4661711100 & 100

Other

Location

  • Subdivision Name: San Diego

Utilities

Equipment

  • Cooling: None, See Remarks
  • Has Cooling: Yes
  • Has Heating: Yes

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 5602 & 5610 Dorothy Dr.

How does 5602 & 5610 Dorothy Dr compare to other multi-family homes in College West?

This multi-family home is listed 282% above the average price for multi-family homes in College West and has been on the market for 21 less days than the typical home in this area.

5602 & 5610 Dorothy Dr is a -bedroom multi-family home for sale in San Diego CA 92115. Available on Prevu for 24 days at $4,200,000. This property is located in College West. The median listing price for multi-family homes in this area is $1,199,000. Property amenities include parking. Browse more multi-family home listings in San Diego.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.