5126 5128 Alumni Pl
San Diego, CA 92115
- – beds
- – baths
- – sqft
- 1955 build
- – on site
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.
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Last updated Feb 17, 2025
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MLS# 250019135SD —
The Building
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Year Built:1955
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Total Number Of Units:2
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# of Buildings:1
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Stories Total:1
Interior
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Levels:One
Location
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Directions:CrossStreet: Alumni Pl & Saranac St
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Latitude:32.77137091
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Longitude:-117.05665599
The Property
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Property Type:Residential Income
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Lot Size Source:Assessor
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Fencing:None
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Fence:No
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Parcel Number:4671232800
Heating & Cooling
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Heating:1
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Cooling:Yes
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Cooling:None, See Remarks
The Community
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Neighborhood:College Area
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Park Name:College Area
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Senior Community:No
Extra Units
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Number With Dishwasher:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/17/25
Feb 17, 2025
|
Listed / Active | CRMLS_CA | $1,699,000 |
