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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 |
Age Restriction | N/K |
Property Type | Fee Simple |
Property Restrictions | None Known |
Sales Restrictions | N/K |
Mello-Roos Fee | $0 |
HOA Fee | $0 |
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 |
Directions | Not Provided |
Cross Street | Alumni Pl & Saranac St |
Market Area | Metro Uptown |
Neighborhood | College Area |
School District | Not Listed |
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. |
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 |
Platform | SDMLS |
AOR | San Diego Association of REALTORS (SDAR) |
MLS Number | 250026758 |
Courtesy of | Fantastik Realty |
https://www.californiatophomes.com/250026758
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 |