5067 Alumni Pl, San Diego, CA 92115
5067 Alumni Pl, San Diego, CA 92115
5067 Alumni Pl, San Diego, CA 92115
5067 Alumni Pl, San Diego, CA 92115
5067 Alumni Pl, San Diego, CA 92115
5067 Alumni Pl, San Diego, CA 92115
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Travis Schloderer

Travis Schloderer

+1(714) 225-4668
$ 1,550,000
Est. payment | /mo
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$ 1,550,000
Est. payment | /mo
Save Virtual Tour

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID 260001711SD

HOA Y/N No

Year Built 1978

Property 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, offering both high rental income (BY SDSU) and 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. Expected rental income for the existing two units is 6K each unit (12K total). Bank just appraised it for 1.7M! Submitted 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). This configuration is well suited for maximizing rental income in a high-demand market. 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. The top unit has been rented out for 5K/month on a 6 month lease to help carrying cost until summer rental season. This property offers more value compared to recent listings or sold comps in the area.

Location

State CA

County San Diego

Area 92115 - San Diego

Zoning RS-1-7

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Appliance Gas Water Heater

Exterior

View Y/N No

Roof Type Composition

Building

Lot Description Sprinkler System

Story 2

Entry Level Two

Level or Stories Two

Others

Senior Community No

Tax ID 4672501400

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Virtual Tour https://www.propertypanorama.com/instaview/snd/260001711

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Rory Cornelius ROA California Inc #02161116

Nearby Locations

Travis Schloderer

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 225-4668

travschloderer@gmail.com

1420 Kettner Blvd suite 100 San Diego, CA 92101, San Diego, California, 92101, USA

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5067 Alumni Pl