5126 Alumni Pl, San Diego, CA 92115 – 250019141SD

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Mathios Yonan

yonanmathios@gmail.com +1(619) 254-9669

$ 1,699,000

Est. payment | -/mo

8 Beds

4 Baths

2,382 SqFt

Save

$ 1,699,000

Est. payment | -/mo

Save

8 Beds

4 Baths

2,382 SqFt

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

HOA Y/N No

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

Interior Features See Remarks

Heating Electric, Forced Air

Cooling Central Air

Fireplace No

Appliance Built-In Range, Built-In, Counter Top, Dishwasher, ENERGY STAR Qualified Appliances, Electric Cooktop, Electric Cooking, Electric Oven, Electric Range, Freezer, Gas Cooking, Gas Cooktop, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator

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

Total Parking Spaces 2

Private Pool No

Building

Story 2

Entry Level Two

Water See Remarks

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4671232800

Listed by Daniel Sipher • JLM Real Estate Inc

+1(619) 254-9669

yonanmathios@gmail.com

La Mesa: 9555 Grossmont Summit Drive, Mesa, CA, 91941

5126 Alumni Pl San Diego, CA 92115