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  • MLS#: 250019141SD ( Single Family Residence )
  • Street Address: 5126 Alumni Pl
  • Viewed: 1
  • Price: $1,624,900
  • Price sqft: $682
  • Waterfront: No
  • Year Built: 1955
  • Bldg sqft: 2382
  • Bedrooms: 8
  • Total Baths: 4
  • Full Baths: 4
  • Garage / Parking Spaces: 2
  • 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
Appliances
  1. Dishwasher
  2. Disposal
  3. Microwave
  4. Refrigerator
  5. Built-In Range
  6. Electric Oven
  7. Electric Range
  8. Electric Cooktop
  9. ENERGY STAR Qualified Appliances
  10. Freezer
  11. Gas & Electric Range
  12. Gas Oven
  13. Gas Cooktop
  14. Built-In
  15. Counter Top
  16. Electric Cooking
  17. Gas Cooking
Construction Materials
  1. Stucco
Cooling
  1. Central Air
Country
  1. US
Days On Market
  1. 33
Eating Area
  1. See Remarks
Garage Spaces
  1. 2.00
Heating
  1. Electric
  2. Forced Air
Laundry Features
  1. See Remarks
  2. Individual Room
Levels
  1. Two
Living Area Source
  1. Assessor
Parcel Number
  1. 4671232800
Parking Features
  1. Assigned
Pool Features
  1. None
Property Type
  1. Single Family Residence
Roof
  1. See Remarks
Uncovered Spaces
  1. 0.00
Utilities
  1. See Remarks
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/snd/250019141
Water Source
  1. See Remarks
Year Built
  1. 1955