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Ryan Ahearn

ryan@ahearnteam.com +1(619) 540-2634

$ 1,699,000

Est. payment -/mo

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5126 Alumni Pl San Diego, CA 92115

8 Beds

4 Baths

2,382 SqFt

UPDATED:

02/20/2025 06:59 PM

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

HOA Y/N No

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

Master Bedroom 12x10

Bedroom 2 10x10

Bedroom 3 10x8

Bedroom 4 8x8

Bedroom 5 8x10

Living 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

Appliance 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

Total Parking Spaces 2

Building

Story 2

Lot Size Range 4000-7499 SF

Sewer Other/Remarks

Water Other/Remarks

Level or Stories 2 Story

Others

Ownership Other/Remarks

Acceptable Financing Other/Remarks

Listing Terms Other/Remarks

Special Listing Condition Call Agent, N/K

Virtual Tour https://www.propertypanorama.com/instaview/snd/250019141

Listed by Daniel A Sipher • JLM Real Estate Inc

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Ryan Ahearn

+1(619) 540-2634

Agent | License ID: 01878842

Agent License ID: 01878842

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San Diego County

Ryan Ahearn

5126 Alumni Pl San Diego, CA 92115

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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5126 Alumni Pl