For Sale: 5126 Alumni Pl, San Diego, CA 92115. 4-bedroom 1.5-bath, 1182 sf, 1955 College Area $1,575,000 begin new search
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Overview

Prime 2-unit property near SDSU with 2,382 SF, featuring a gut-remodeled front house and a brand-new ground-up ADU, both 4-bed, 2-bath detached units with modern finishes. Missed student rental season (Nov start) due to construction, so currently yielding below-market rents with strong upside. Seller guarantees $11,500/mo for 1 yr, ensuring stable income and DSCR loan options. Property managers can get $11,500 next school year for new owner (see attached rent comps and rent projection). Convert garage to bedrooms or junior ADU for ~$12,900/mo+. Ideal for investors or owner-occupancy in a high-demand location!, 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. New Housing Laws AB2097, which remove parking requirements and streamline development, makes the garage conversion an easy option. This conversion could significantly boost rental income, making this an even more lucrative investment opportunity. Seize a rare, turnkey SDSU student rental gem!

Address 5126 Alumni Pl

San Diego, CA 92115
Listing Status ACTIVE
Asking Price $1,575,000
Original Listing $1,575,000 @ 2025-05-07
Terms Cash,Conventional,FHA,VA
Google Map
Map Not Available
Ownership
Age Restriction N/K
Property Type Fee Simple
Property Restrictions None Known
Sales Restrictions N/K
Mello-Roos Fee $0
HOA Fee $0
Rooms
Family Room
Square Footage 1182 sf
Bedrooms 4 + 0 optional
Full Bathrooms 1
Half Baths 1
Family Room 24x15
Living Room 0x0
Dining Room 0x0
Kichen 12x9
Master Bedroom 14x12
2nd Bedroom 12x12
3rd Bedroom 12x12
4th Bedroom 10x9
Location
Directions Not Provided
Cross Street Alumni Pl & Saranac St
Market Area Metro Uptown
Neighborhood College Area
School District Not Listed
Public Records
County San Diego
Assessor Parcel# 467-123-28-00
Nothing Found The exact location of this property could not be determined from its listed address. Location features such as the Map, Containing Areas, Highway Locator, Google Street View, and Ocean Distance are not available.
Features
Year Built 1955
Laundry Location Other/Remarks
Elevator Not Listed
Cooling N/K
Heating Other/Remarks Other/Remarks
Sewer/Septic Sewer Connected
Fireplaces Not Listed
Equipment Other/Remarks
Monthly Payment Calculator
Listing Source
Platform SDMLS
AOR San Diego Association of REALTORS (SDAR)
MLS Number 250026758
Courtesy of Fantastik Realty
Exterior
Style Detached 1 Story
Material Stucco
Lot Size 4,000-7,499 SF
Fencing Partial
Topography Level
Roof Composition
Swimming Pool N/K
Parking
Attached
Garage
Garage - Two Door
Total Spaces: 4
Garage Spaces: 2
Non-Garage Spaces: 2 - Driveway - Concrete
View Not Listed