5126 5128 Alumni Pl new Save Request In-Person Tour Request Virtual Tour
San Diego,CA 92115
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,182 sqft
Price per Sqft $1,332
MLS Listing ID 250026758SD
Bedrooms 4
Full Baths 1
Half Baths 1
Year Built 1955
Property Sub-Type Single Family Residence
Property Description
Prime 2-unit property near SDSU with 2,382 SF, featuring a gut-remodeled front house and a brand-new ground-up ADU, both 4-bed, 2-bath detached units with modern finishes. Missed student rental season (Nov start) due to construction, so currently yielding below-market rents with strong upside. Seller guarantees $11,500/mo for 1 yr, ensuring stable income and DSCR loan options. Property managers can get $11,500 next school year for new owner (see attached rent comps and rent projection). Convert garage to bedrooms or junior ADU for ~$12,900/mo+. Ideal for investors or owner-occupancy in a high-demand location!, 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. New Housing Laws AB2097, which remove parking requirements and streamline development, makes the garage conversion an easy option. This conversion could significantly boost rental income, making this an even more lucrative investment opportunity. Seize a rare, turnkey SDSU student rental gem!
Location
State CA
County San Diego
Area 92115 - San Diego
Interior
Heating See Remarks
Cooling None
Laundry See Remarks
Exterior
Parking Features Concrete,Door-Multi,Garage
Garage Spaces 2.0
Garage Description 2.0
Fence Partial
Pool None
Utilities Available Water Available
View Y/N No
Roof Type Composition
Building
Story 1
New Construction No
Others
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan