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Property Description

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 $12,500 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.

Features
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Additional Information
JLM Real Estate Inc
0
SAND-705092
SAND-991580
Daniel
4671232800
One
32

Multi-Family For Sale

5126 Alumni Pl, San Diego, California 92115

$1,699,000
Listing ID #250019135SD
Basic Details
Status : Active
DaysOnMarket : 12
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 250019135SD
Price : $1,699,000
Year Built : 1955
Country : US
State : California
County : San Diego
City : San Diego
Zipcode : 92115
ModificationTimestamp : 2025-02-27 16:29:29
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