5126 Alumni Pl, San Diego CA 92115 for sale - Presented to you by Terrence Griffin of San Diego California
Listing provided courtesy of Robert Brown of Fantastik Realty. Last updated 2025-05-09 08:12:47.000000. Listing information © 2024 Sandicor.

Asking Price: $1,575,000 | ​​​​​​​

5126 Alumni Pl, San Diego CA 92115

Community: ​92115 - San Diego


This property was built in 1955 and is priced at $1,575,000. Please see the additional details below.
  • 0 Sq Ft
  • 0 bathrooms
  • 0 bedrooms
  • MLS#: 250026168SD
  • Type:
  • Year Built: 1955
Variance Granted 2-4 Units. 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! Variance granted 2-4 Units.

Call or Email Terrence Griffin now to inquire about this property

619-952-0152