CA > San Diego
San Diego, CA 92115,5126 Alumni Pl
San Diego, CA 92115,5126 Alumni Pl
San Diego, CA 92115,5126 Alumni Pl
San Diego, CA 92115,5126 Alumni Pl
San Diego, CA 92115,5126 Alumni Pl
San Diego, CA 92115,5126 Alumni Pl
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Cameron Ripley

Cameron Ripley

+1(530) 635-0283
$ 1,575,000
Est. payment | /mo

8 Beds

4 Baths

1,182 SqFt

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$ 1,575,000
Est. payment | /mo
Save Virtual Tour Video Tour

8 Beds

4 Baths

1,182 SqFt

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 1,182 sqft

Price per Sqft $1,332

MLS Listing ID 250026168

Bedrooms 8

Full Baths 4

HOA Y/N No

Year Built 1955

Lot Size 5,400 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

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.

Location

State CA

County San Diego

Area San Diego (92115)

Building/Complex Name College Area

Exterior

Exterior Feature Stucco

Fence Partial

Roof Type Composition

Building

Story 1

Lot Size Range 4000-7499 SF

Level or Stories 1 Story

Others

Acceptable Financing Cash, Conventional, FHA, VA

Space Rent $4,800

Listing Terms Cash, Conventional, FHA, VA

Virtual Tour https://www.propertypanorama.com/instaview/snd/250026168

San Diego Regional MLS (SDMLS)
Listed by Robert Brown • Fantastik Realty
agent-avatar

"My mission as your Realtor is to build trust-based relationships and exceed your expectations, ensuring a seamless and rewarding real estate experience."

+1(530) 635-0283

info@visionforwardrealty.com

8150 Sierra College Blvd Ste 130

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5126 Alumni Pl