$1,699,000

Beds: 8
Baths: 4
Sqft: 2,382
21 Days On Market

Contact Fine & Coastal Real Estate

Courtesy of JLM Real Estate Inc

Status: Active
Property Type: Detached
Year Built: 1955
Neighborhood: College Area
Days On Website: 21
This exceptional 2-unit property with a total of 2382 rentable SF near SDSU offers two spacious 4-bedroom, 2-bathroom units, perfectly positioned for strong rental demand. Both units are brand new construction with modern finishes. The front unit's rents are currently below market due to the prior construction of the ADU, presenting significant upside potential. With a seller-guaranteed lease of $12,500 per month for 12 months, this property provides immediate and stable income for the new buyer while securing favorable financing options, including a DSCR loan. Additionally, the newly finished ADU offers flexibility for owner-occupancy or additional rental income. Further enhancing its potential, the garage can be converted into additional bedrooms or a legal junior/bonus ADU, capitalizing on New Housing Laws AB2097, which remove parking requirements and streamline development. This conversion could significantly boost rental income, making this an even more lucrative investment opportunity. With garage conversion pro forma rents projected at approximately $14,100 per month at 7% Cap, this property is a rare opportunity to secure a high-performing asset in a prime SDSU location.

 Features

Bathrooms

  • 4 full bathrooms
  • 4 total bathrooms

Bedrooms

  • 8 bedrooms
  • 8 total bedrooms

Second Bedroom

  • 10x10 square feet

Third Bedroom

  • 10x8 square feet

Fourth Bedroom

  • 8x8 square feet

Fifth Bedroom

  • 8x10 square feet

Building

  • 2,382 estimated square feet
  • Source: Assessor Record
  • Built in 1955
  • 2 story

Cooling

  • Central Forced Air

Dining Room

  • 14x12 square feet

Exterior Features

  • Stucco

Fence

  • Full

Family Room

  • 12x12 square feet

Water Features

  • Other/Remarks

Heating

  • Forced Air Unit
  • Electric

Kitchen

  • Kitchen is 10x12 feet

Laundry

  • Laundry Room
  • Other/Remarks

Listing

  • Source: SDMLS
  • For Sale
  • 10 days on market
  • Listed on 2025-02-17

Location

  • Complex/park: College Area
  • County: San Diego

Lot

  • 4,000-7,499 SF

Living Room

  • 12x12 square feet

Primary Bedroom

  • 12x10 square feet

Garage

  • 2 garage parking spaces
  • Assigned

Parking

  • 2 total parking spaces

Roof

  • Other/Remarks

Sewer

  • Other/Remarks

Property Map

Map View


$1,699,000 - 5126 Alumni Pl, San Diego, CA 92115

Street View


Directions


5126 Alumni Pl
San Diego, CA 92115
Complex/park: College Area

Nearby Schools

Local Sales