5126 Alumni Pl
San Diego, CA 92115
- 8 beds
- 4 baths
- 2,382 sqft
- $713 per 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.
Last checked:
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Last updated Feb 17, 2025
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MLS# 250019141SD —
The Building
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Year Built:1955
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New Construction:No
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Construction Materials:Stucco
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Roof:See Remarks
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Stories Total:2
Interior
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Levels:Two
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Eating Area:See Remarks
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Room Type:See Remarks
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Living Area Source:Assessor
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Fireplace:No
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Laundry:See Remarks, Individual Room
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Laundry:1
Room Dimensions
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Living Area:2382.00
Location
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Directions:Cross Street: 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
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Subtype:Single Family Residence
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Lot Size Source:Assessor
Listing Agent
- Contact info:
- No listing contact info available
Beds
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Total Bedrooms:8
Baths
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Total Baths:4
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Full & Three Quarter Baths:4
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Full Baths:4
The Listing
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Parcel Number:4671232800
Heating & Cooling
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Heating:1
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Heating:Electric, Forced Air
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Cooling:Yes
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Cooling:Central Air
Utilities
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Utilities:See Remarks
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Water Source:See Remarks
Appliances
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Appliances:Dishwasher, Disposal, Microwave, Refrigerator, Built-In Range, Electric Oven, Electric Range, Electric Cooktop, ENERGY STAR Qualified Appliances, Freezer, Gas & Electric Range, Gas Oven, Gas Cooktop, Built-In, Counter Top, Electric Cooking, Gas Cooking
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Included:Yes
The Community
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Neighborhood:College Area
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
Parking
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Parking:Yes
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Parking:Assigned
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Parking Spaces:2.00
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Garage Spaces:2.00
Monthly cost estimate
Asking price
$1,699,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$9,097
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| Taxes | N/A |
| Insurance | $467 |
| Utilities | $243 See report |
| Total | $9,807/mo.* |
| *This is an estimate |
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).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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2/17/25
Feb 17, 2025
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Listed / Active | CRMLS_CA | $1,699,000 | |
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4/10/24
Apr 10, 2024
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Price Changed | CRMLS_CA | ||
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4/1/24
Apr 1, 2024
|
Price Changed | CRMLS_CA |
