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5126 Alumni Pl
San Diego, CA, 92115
$1,575,000
4 Beds
2 Baths
1,182 SqFt
0 Acres
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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!

Property Details

Price:
$1,575,000
MLS #:
250026758SD
Status:
Active
Beds:
4
Baths:
2
Address:
5126 Alumni Pl
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
92115sandiego
City:
San Diego
Listed Date:
May 7, 2025
State:
CA
Finished Sq Ft:
1,182
ZIP:
92115
Year Built:
1955
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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 …

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Schools

Interior

Cooling
None
Heating
See Remarks

Exterior

Fencing
Partial
Garage Spaces
2.00
Parking Features
Concrete, Garage, Garage – Two Door
Parking Spots
4.00
Pool Features
None
Roof
Composition
Stories Total
1

Financial

Utilities
Water Available

Map

Community

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5126 Alumni Pl
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