5126 Alumni Pl

San Diego, CA 92115

$1,699,000

List Price

8

bed Beds

4

shower Baths

2,382 sqft

straighten / sqft

1955

calendar_month Built

Property Description

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.

Listing Information

List Price $1,699,000
Status Active
MLS 250019141SD
Type Residential
Subtype Single Family Residence
Year Built 1955
Lot Size N/A
Structure Size 2,382
DOM 1
Courtesy Of JLM Real Estate Inc
Listing Agent Daniel Sipher DRE#02043589

Interior Features

Laundry Information
Location(s) Laundry Room, See Remarks
Total Bedroom
Bedrooms 8
Total Bathroom
Bathrooms 4
Additional Information
Additional Features See Remarks
Cooling Type
Cooling Type Central Air
Heating Type
Heating Type Electric, Forced Air

Maps

home_work Nearby Properties

Listing information courtesy of: Daniel Sipher, JLM Real Estate Inc 408-368-5225. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 18th, 2025 at 9:51 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.