5126 Alumni Pl, San Diego, CA 92115 – 250026758SD - Tracy Baker

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Tracy Baker

tracy@tracybbaker.com +1(619) 507-4230

$ 1,575,000

Est. payment | -/mo

4 Beds

2 Baths

1,182 SqFt

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$ 1,575,000

Est. payment | -/mo

Save Video Tour

4 Beds

2 Baths

1,182 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Pending

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

HOA Y/N No

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

Fireplace No

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

Total Parking Spaces 4

Private Pool No

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 4671232800

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Listed by Robert Brown • Fantastik Realty

+1(619) 507-4230

tracy@tracybbaker.com

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5126 Alumni Pl San Diego, CA 92115