Property 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 unit’s 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.

Features
: None, Other/Remarks
: None, Other
: Unit 1 Hookups, Unit 2 Hookups
Appliances
: Dishwasher
Address Map
US
CA
SD
San Diego
92115
Alumni Pl
5126-5128
W118° 56' 36.2''
N32° 46' 17''
Metro Uptown
Additional Info
JLM Real Estate Inc
Additional Information
: Other
: One
2
1
https://www.propertypanorama.com/instaview/snd/250019135
Listing Information
705092
991580
ACTIVE
2025-03-27T17:02:14Z
sdmls
: N/K, Other/Remarks

Residential Income

5126-5128 Alumni Pl, San Diego Ca 92115

8 Bedrooms
4 Bathrooms
2,382
$1,624,900
Listing ID #250019135
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 250019135
Price : $1,624,900
Bedrooms : 8
Bathrooms : 4
Square Footage : 2,382
Year Built : 1955
Status : Active
Full Bathrooms : 4
Property Sub Type : Multi Family
Roof : Other
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