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$1,560,000
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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!
Full Property Details
Full Property Details for 5126 Alumni Pl
General
- Sold For: $1,560,000
- Status: Closed
- Type: Single Family
- Source: SANDICOR
- MLS ID: 250026758
- Added to Site: 293 day(s) ago
Interior
- Appliances: Other/Remarks
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Other/Remarks
Additional Information
- Pool: Yes
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 4
- Parking Features: Attached, Garage, Garage - Two Door
Location
- Area: SAN DIEGO (92115)
- County: San Diego
- Subdivision: College Park (CP)
- Neighborhood: College Area
Heating & Cooling
- Heating Type: Other (See Remarks)
- Heating Fuel: Other (See Remarks)
Utilities
- Sewer: Sewer Connected
- Water: Available
Structural Information
- Detached/Attached: Detached
- Construction: Stucco
- Roof: Composition
- Stories/Levels: 1
- Square Feet: 1,182
- Living Area: 1,182 Sq. Ft.
- Year Built: 1955
Lot Features
- Fencing (Description): Partial
Financial Considerations
- Terms: Cash, Conventional, FHA, VA
Disclosures and Reports
- Prop. Restrictions: None Known
- Property ID: 467-123-28-00
Listed and Sold by Fantastik Realty (858) 397-3108, Robert Brown
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Schools
Schools serving 5126 Alumni Pl
School District:San Diego City Unified School District
| Name | Grades | Distance |
|---|---|---|
Clay Elementary School 6506 Solita Avenue, San Diego, CA 92115 | K-5 | 0.6 mi |
Hardy Elementary School 5420 Montezuma Road, San Diego, CA 92115 | K-5 | 1.3 mi |
Lewis Middle School 5170 Greenbrier Avenue, San Diego, CA 92120 | 6-8 | 2.3 mi |
Patrick Henry High School 6702 Wandermere Drive, San Diego, CA 92120 | 9-12 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5126 Alumni Pl
Date
Details
Price
Change
Source
6/10/2025
Sold
$1,560,000
-0.95%
MLS
5/07/2025
Listed
$1,575,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5126 Alumni Pl, San Diego, CA 92115 (MLS# 250026758) is a Single Family property that was sold at $1,560,000 on June 10, 2025. Want to learn more about 5126 Alumni Pl? Do you have questions about finding other Single Family real estate for sale in South San Diego? You can browse all South San Diego real estate or contact a Coldwell Banker agent to request more information.

