5067 Alumni Pl, San Diego, CA 92115
Local realty services provided by:CENTURY 21 Affiliated
Listed by: rory m cornelius
Office: roa california inc
MLS#:260001711
Source:San Diego MLS via CRMLS
Price summary
- Price:$1,599,000
- Price per sq. ft.:$532.29
About this home
5067 Alumni Place presents a rare opportunity to acquire a fully gut-remodeled 2-unit property with SUBMITTED plans to add two additional units, 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. Reach out for OM, proforma and submitted plans. Property is vacant.
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Home facts
- Year built:1978
- Listing ID #:260001711
- Added:3 day(s) ago
- Updated:January 26, 2026 at 10:31 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Full bathrooms:4
- Living area:3,004 sq. ft.
Heating and cooling
- Cooling:Central Forced Air
- Heating:Forced Air Unit
Structure and exterior
- Roof:Composition
- Year built:1978
- Building area:3,004 sq. ft.
Utilities
- Water:Meter on Property
- Sewer:Sewer Connected
Finances and disclosures
- Price:$1,599,000
- Price per sq. ft.:$532.29
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