San Diego, CA 92115 5126-5128 Alumni Pl

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Presented By: Fantastik Realty;
  • San Diego Regional MLS (SDMLS) - 32 - CA
  • MLS# 250026168
  • 04/22/2025
  • Request Tour
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 8
  • Baths • 4
  • SQFT • 1,200

Home Details

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!
Presented By: Fantastik Realty;

Interior Features for 5126-5128 Alumni Pl

Bedrooms

Unit 1 # Bedrooms4
Unit 2 # Bedrooms4

Bathrooms

Unit 2 # of Full Baths2
Unit 1 # of Full Baths2
Unit 1 # Total Baths2
Unit 1 # of Half Baths
Unit 2 # Total Baths2
Unit 3 # Total Baths
Unit 4 # Total Baths

Other Interior Features

Unit 2 Laundry Hook UpsYes
# of Units w/Dryers0
# of Units w/Fireplaces0
# of Units w/Garage0
# of Units w/Range/Oven0
# of Units w/Refrigerator0
# of Units w/Washers
Unit 1 Laundry Hook UpsYes
Unit 2 Estimated SqFt1200
Total Furnished Units
Units w/Cooling
Units w/Dishwashers2

General for 5126-5128 Alumni Pl

CFD/Mello-Roos Fee0.0
CoolingN/K
NeighborhoodCollege Area
Number Of Units Total2
Other Fees0.0
RoofComposition
Sale/RentFor Sale
SecurityN/K
Senior Community Y/NN/K
Stories1 Story
TermsCash, Conventional, FHA, VA
Year Built1955

Exterior for 5126-5128 Alumni Pl

# of Units w/Patios
Complex/ParkCollege Area
ExteriorStucco
FencingPartial
Lot Size Area4, 000-7, 499 SF
Number of Buildings1
Unit 1 Exclusive Use YardNo
Unit 2 # of Half Baths0
Unit 2 Exclusive Use YardNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,575,000
MLS#250026168
List Date 04/22/2025
Property Type Multi-Family
Phone 714.742.6515
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Request Info
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