Active
5126 Alumni Pl
San Diego CA, 92115
$1,699,000
$713.27 per sqft
Active
8 Beds
4 Baths
2,382 sqft
Residential
Built in 1955
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 $11,800 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.
250019141
MLSⓇ ID
February 17, 2025
Listed
February 20, 2025
Updated
Interior Features
Total Stories
2
Bedrooms
8
Total Bathrooms
4
Full Bathrooms
4
Interior Features
Counter Top
Appliances
Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Built-In Range, Electric Oven, Electric Range, Electric Cooktop, ENERGY STAR Qualified Appliances, Freezer, Gas Electric Range, Gas Oven, Gas Cooktop, Built-In, Electric Cooking, Gas Cooking
Laundry Description
Laundry Room
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Electric, Forced Air
Exterior/Building Features
Roof
Other
Sewer
Other
Security
Fire Sprinkler System
Other Property Details
Area Name
Metro Uptown
Days on Market
3
Garage
Yes
Garage Spaces
2
Parking
Garage(Assigned)
Parking Total
2
View
No
County
San Diego
Water Source
Other
Pool
No
Pool Features
None
Listed by JLM Real Estate Inc, Daniel Sipher,
Listing Contact: 408-368-5225
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Data last updated 9:17 PM UTC, 2/20/2025
