5126 Alumni Pl new Save Request In-Person Tour Request Virtual Tour
San Diego,CA 92115
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,382 sqft
Price per Sqft $713
MLS Listing ID 250019141SD
Bedrooms 8
Full Baths 4
Year Built 1955
Property Sub-Type Single Family Residence
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.
Location
State CA
County San Diego
Area 92115 - San Diego
Building/Complex Name College Area
Interior
Heating Electric,Forced Air
Cooling Central Air
Laundry Laundry Room,See Remarks
Exterior
Parking Features Assigned
Garage Spaces 2.0
Garage Description 2.0
Pool None
Utilities Available See Remarks
View Y/N No
Roof Type See Remarks
Building
Story 2
Water See Remarks
New Construction No