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5126-5128 Alumni Pl, 
San Diego, CA 92115

$1,575,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Robert Brown

Fantastik Realty

Last updated:

May 3, 2025, 01:57 PM

MLS#

250026168

Source:

SANDICOR

About This Home

5126-5128 Alumni Pl

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!

Home Facts

Multi-Family

Built in 1955

Price Summary

1,575,000

MLS #:

250026168

Last Updated:

May 3, 2025, 01:57 PM

Added:

12 day(s) ago


Structure

Structure

Year Built:

1955


Lot

Lot Size (Sq. Ft):

5,400


Finances & Disclosures

Finances

Price:

$1,575,000

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