5126 Alumni Pl

San Diego, CA 92115

  • 0 Bed(s)
  • 0 Bath(s)
  • 0 Sqft
  • 5400
    Sqft(Lot)
$1,575,000

Description

Variance granted 2-4 units. 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! variance granted 2-4 units.

  • Property Type

    Residential Income

  • County

    San Diego

  • Style

    Residential Income

  • AD ID

    49571760

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Property Details

  • Bathroom Information

    • Total Baths: 0

    Interior Features

    • Roof : Composition

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Has Heating

  • Building Information

    • Year Built: 1955
    • Roof: Composition

    Fencing

    • Partial

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.124
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 5400

  • Listing Price Information

    • Original List Price: 1,575,000
    • Listing Contract Date: 2025-04-22

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 4671232800

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 92115 - San Diego
    • Directions: CrossStreet: Alumni Pl & Saranac St
    • Source Property Type: Residential Income
    • Area: 92115 - San Diego

    Building and Construction

    • Property Age: 70
    • Year Built Source: Vendor Enhanced
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 05/13/2025 @ 18:00

  • MLS: 250026168SD
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 0 sqft, 5,400 sized lot, and 0 parking. are nearby neighborhoods.