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 Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,382 sqft
Price per Sqft $713
MLS Listing ID 250019141
Style Detached
Bedrooms 8
Full Baths 4
Year Built 1955
Property Sub-Type Detached
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 San Diego (92115)
Building/Complex Name College Area
Rooms
Family Room 12x12
Dining Room 14x12
Kitchen 10x12
Interior
Heating Electric
Cooling Central Forced Air
Equipment Dishwasher,Disposal,Dryer,Fire Sprinklers,Garage Door Opener,Microwave,Refrigerator,Built In Range,Electric Oven,Electric Range,Electric Stove,Energy Star Appliances,Freezer,Gas & Electric Range,Gas Oven,Gas Stove,Built-In,Counter Top,Electric Cooking,Gas Cooking
Laundry Laundry Room
Exterior
Exterior Feature Stucco
Parking Features Assigned
Garage Spaces 2.0
Fence Full
Roof Type Other/Remarks
Building
Story 2
Sewer Other/Remarks
Water Other/Remarks
Others
Acceptable Financing Other/Remarks
Listing Terms Other/Remarks
Special Listing Condition Call Agent,N/K
Virtual Tour https://www.propertypanorama.com/instaview/snd/250019141