This exceptional 2-unit property with a total of 2382 rentable SF near SDSU offers two spacious 4-bedroom, 2-bathroom units, perfectly positioned for strong rental demand. Both units are brand new construction with modern finishes. The front unit’s rents are currently below market due to the prior construction of the ADU, presenting significant upside potential. With a seller-guaranteed lease of $11,800 per month for 12 months, 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. Further enhancing its potential, the garage can be converted into additional bedrooms or a legal junior/bonus ADU, capitalizing on New Housing Laws AB2097, which remove parking requirements and streamline development. This conversion could significantly boost rental income, making this an even more lucrative investment opportunity. With garage conversion pro forma rents projected at approximately $14,100 per month at 7% Cap, this property is a rare opportunity to secure a high-performing asset in a prime SDSU location.
Property Details
Price:
$1,699,000
MLS #:
250019141SD
Status:
Active
Beds:
8
Baths:
4
Address:
5126 Alumni Pl
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
92115sandiego
City:
San Diego
Listed Date:
Feb 17, 2025
State:
CA
Finished Sq Ft:
2,382
ZIP:
92115
Year Built:
1955
See this Listing
Thank you for visiting my website. I am Leanne Lager. I have been lucky enough to call north county my home for over 22 years now. Living in Carlsbad has allowed me to live the lifestyle of my dreams. I graduated CSUSM with a degree in Communications which has allowed me to utilize my passion for both working with people and real estate. I am motivated by connecting my clients with the lifestyle of their dreams. I joined Turner Real Estate based in beautiful downtown Carlsbad Village and found …
More About LeanneMortgage Calculator
Schools
Interior
Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Built- In Range, Electric Oven, Electric Range, Electric Cooktop, E N E R G Y S T A R Qualified Appliances, Freezer, Gas & Electric Range, Gas Oven, Gas Cooktop, Built- In, Counter Top, Electric Cooking, Gas Cooking
Cooling
Central Air
Heating
Electric, Forced Air
Exterior
Garage Spaces
2.00
Parking Features
Assigned
Parking Spots
2.00
Pool Features
None
Roof
See Remarks
Stories Total
2
Water Source
See Remarks
Financial
Utilities
See Remarks
Map
Community
- Address5126 Alumni Pl San Diego CA
- Area92115 – San Diego
- CitySan Diego
- CountySan Diego
- Zip Code92115
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5126 Alumni Pl
San Diego, CA
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