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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

Western Realty

858-397-3108

Last updated:

May 3, 2025, 10:56 AM

MLS#

250026168SD

Source:

CRMLS

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 #:

250026168SD

Last Updated:

May 3, 2025, 10:56 AM

Added:

12 day(s) ago


Structure

Structure

Year Built:

1955


Lot

Lot Size (Sq. Ft):

5,401


Finances & Disclosures

Finances

Price:

$1,575,000

Source:CRMLS
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). Coldwell Banker Platinum Properties is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Coldwell Banker Platinum Properties, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.

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