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  • MLS#: 250019135SD ( )
  • Street Address: 5126 Alumni Pl
  • Viewed: 1
  • Price: $1,624,900
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1955
  • Bldg sqft: 0
  • Days On Market: 134
  • Additional Information
  • County: SAN DIEGO
  • City: San Diego
  • Zipcode: 92115
  • Provided by: JLM Real Estate Inc
  • Contact: Daniel Daniel
  • California Regional MLS IDX
  • DMCA Notice
  • 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 units rents are currently below market due to the prior construction of the ADU, presenting significant upside potential. With a seller guaranteed lease of $12,000 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.
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Features
Association Fee
  1. 0.00
Cooling
  1. None
  2. See Remarks
Country
  1. US
Days On Market
  1. 33
Fencing
  1. None
Levels
  1. One
Netoperatingincome
  1. 25503.00
Parcel Number
  1. 4671232800
Park Name
  1. College Area
Sourcesystemkey
  1. 250019135:SDP
Tenant Pays
  1. See Remarks
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/snd/250019135
Year Built
  1. 1955