5067 Alumni Pl,San Diego, CA 92115
San Diego, CA 92115
Description
5067 Alumni Place presents a rare opportunity to acquire a fully gut-remodeled 2-unit property with architectural plans to be submitted to city add two additional units with STREET ACCESS from both sides, collecting 10K/MONTH in place rents and with clear development upside. The existing improvements consist of two spacious units, each featuring 4 bedrooms and 2 bathrooms at approximately 1,500 square feet per unit (Total 8B/4B). Both units have been completely renovated, providing modern layouts, updated systems, and strong rental appeal. Plans call for the construction of a new two-story building featuring two additional units with a patio deck: a 4-bedroom, 2-bath unit of approximately 1,200 square feet and a 2-bedroom, 1-bath unit of approximately 600 square feet, with one unit on each level (Total 6B/3B). Strategically located in the College Area, directly adjacent to San Diego State University, the property sits in one of San Diego's strongest and most consistent rental corridors. Proximity to campus, transit, and neighborhood amenities makes this an ideal asset for investors seeking stable cash flow today with the ability to significantly increase density and long-term value. This property offers rare both front and back street access to both levels and the proposed new 2 unit. Parking is abundant on Reservoir Dr and does not require a permit. Units are now occupied.
Details
| MLS # | 260024151SD |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1978 |
| Days On Site | 19 |
| Listing Provided By | ROA California Inc | Rory Cornelius |
Features
| Story(s) | 2 |
|---|---|
| Units | 2 |
| Building(s) | 1 |
| Zoning | RS-1-7 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Forced Air, Natural Gas |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Gas Water Heater |
Exterior
| Roof | Composition |
|---|---|
| Lot Features | Sprinkler System |
Area Information
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92115 |
| Area | 92115 San Diego |
| Listing VS Median (in 92115) | |
Price: $1,299,999 low | high Med: $749,999 On site: 19 low | high Med: 8 | |
Market Activity 92115
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Learn More About This Property
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92115 |
| Area | 92115 San Diego |
| Listing VS Median (in 92115) | |
Price: $1,299,999 low | high Med: $749,999 On site: 19 low | high Med: 8 | |
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