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!
Property Details
Price:
$1,575,000
MLS #:
250026168SD
Status:
Active
Baths:
0
Address:
5126 Alumni Pl
Type:
Residential Income
Neighborhood:
92115sandiego
City:
San Diego
Listed Date:
Apr 22, 2025
State:
CA
ZIP:
92115
Lot Size:
5,400 sqft / 0.12 acres (approx)
Year Built:
1955
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Schools
Interior
Cooling
None
Exterior
Fencing
Partial
Parking Spots
0.00
Roof
Composition
Stories Total
1
Financial
Association Fee
0.00
Map
Community
- Address5126 Alumni Pl San Diego CA
- Area92115 – San Diego
- CitySan Diego
- CountySan Diego
- Zip Code92115
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5126 Alumni Pl
San Diego, CA
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