5067 Alumni Pl, San Diego, CA 92115
Local realty services provided by:CENTURY 21 Affiliated
Listed by: rory cornelius, jorge morales
Office: roa california inc619-848-7006
MLS#:260013616SD
Source:CRMLS
Price summary
- Price:$1,499,000
About this home
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! See link to 3D tour https://youriguide.com/5067_alumni_pl_san_diego_ca/ 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). 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....
Contact an agent
Home facts
- Year built:1978
- Listing ID #:260013616SD
- Added:1 day(s) ago
- Updated:June 05, 2026 at 02:28 AM
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air, Natural Gas
- Central air:Yes
Structure and exterior
- Roof:Composition
- Year built:1978
- Levels:2 Story
Finances and disclosures
- Price:$1,499,000
Features and amenities
- Amenities:Gas Water Heater
New listings near 5067 Alumni Pl
- New
$2,500,000Active5 beds 5 baths4,150 sq. ft.10237 Sienna Hills Dr, San Diego, CA 92127
MLS# 260013618SDListed by: BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA PROPERTIES - New
$699,000Active3 beds 2 baths1,452 sq. ft.4229 Collwood Lane, San Diego, CA 92115
MLS# 260013611SDListed by: MARC R. DUGGAN, BROKER - Open Sat, 12 to 3pmNew
$1,298,000Active3 beds 3 baths1,560 sq. ft.11432 Village Ridge Rd, San Diego, CA 92131
MLS# 260013612SDListed by: VS REAL ESTATE - Open Sat, 1 to 4pmNew
$899,000Active2 beds 3 baths1,389 sq. ft.16925 Vasquez Way #83, San Diego, CA 92127
MLS# 260013613SDListed by: SUN & COMPANY INC - New
$775,000Active2 beds 2 baths944 sq. ft.3554 Caminito El Rincon #59, San Diego, CA 92130
MLS# NDP2605408Listed by: COMPASS - Open Sun, 12 to 3pmNew
$1,450,000Active3 beds 2 baths1,198 sq. ft.3715 Millikin Ave., San Diego, CA 92122
MLS# 260013571SDListed by: BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA PROPERTIES - New
$315,000Active-- beds 1 baths425 sq. ft.Address Withheld By Seller, San Diego, CA 92117
MLS# 260013575SDListed by: SHORE CAPITAL CORPORATION - New
$819,000Active3 beds 3 baths1,374 sq. ft.3940 Dove #204, San Diego, CA 92103
MLS# 260013576SDListed by: COLDWELL BANKER WEST - Open Sat, 11am to 1pmNew
$1,215,000Active4 beds 2 baths1,620 sq. ft.9258 Rebecca, San Diego, CA 92123
MLS# 260013582SDListed by: COMPASS