For Sale at College Area: 5126 Alumni Pl, San Diego, CA 92115. 8-bedroom 4-bath, 2382 sf, 1955 College Area $1,624,900 begin new search
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Overview

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 $12,000 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.

Address 5126 Alumni Pl

San Diego, CA 92115
Listing Status ACTIVE
Asking Price $1,624,900
Original Listing $1,699,000 @ 2025-02-17
Terms Other/Remarks
Ownership
Age Restriction N/K
Property Type Other/Remarks
Property Restrictions Other/Remarks
Sales Restrictions Call Agent,N/K
Mello-Roos Fee $0
HOA Fee $0
Rooms
Other/Remarks
Square Footage 2382 sf
Bedrooms 8 + 0 optional
Full Bathrooms 4
Family Room 12x12
Living Room 12x12
Dining Room 14x12
Kichen 10x12
Master Bedroom 12x10
2nd Bedroom 10x10
3rd Bedroom 10x8
4th Bedroom 8x8
5th Bedroom 8x10
Location
Directions Not Provided
Cross Street Alumni Pl & Saranac St
Market Area Metro Uptown
Neighborhood College Area
Complex College Area
School District Not Listed
Public Records
County San Diego
Assessor Parcel# 467-123-28-00
Geographic Areas

Airport Compatibility Zone: Montgomery Field

Community College District: San Diego CC

School District: San Diego Unified

Zip Code: 92115

Highway Locator

East of I-15

East of I-5

South of I-8

East of I-805

East of SR-163

South of SR-52

Ocean Distance 16.9 miles
Features
Year Built 1955
Laundry Location Laundry Room
Elevator Not Listed
Cooling Central Forced Air
Heating Electric Forced Air Unit
Sewer/Septic Other/Remarks
Fireplaces Not Listed
Equipment Dishwasher, Disposal, Dryer, Fire Sprinklers, Garage Door Opener, Microwave, Refrigerator, Built In Range, Electric Oven, Electric Range, Electric Stove, Energy Star Appliances, Freezer, Gas & Electric Range, Gas Oven, Gas Stove, Built-In, Counter Top, Electric Cooking, Gas Cooking
Monthly Payment Calculator
Listing Source
Platform SDMLS
AOR San Diego Association of REALTORS (SDAR)
MLS Number 250019141
Courtesy of JLM Real Estate Inc
Exterior
Style Detached 2 Story
Material Stucco
Lot Size 4,000-7,499 SF
Fencing Full
Topography Level
Roof Other/Remarks
Swimming Pool N/K
Parking
Assigned
Total Spaces: 2
Garage Spaces: 2
Non-Garage Spaces: 0 -
View Not Listed