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, collecting 10K/MONTH in place rents and with clear development upside. The existing improvements consist of two… Read More 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. 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. Units are now occupied. Read Less
Property listed by ROA California Inc, Rory Cornelius 619-717-6237
Listing Snapshot
Days Online
11
Last Updated
Year Built
1978
MLS Number
260024151SD
Additional Details
Appliances & Equipment
GasWaterHeater
Building
Built in 1978, 1 building, 2 stories, Levels: Two
Community
Park Name: N/A
Cooling
CentralAir
Heating
ForcedAir, NaturalGas
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $10,000
Lot
SprinklerSystem
Roof
Composition
Taxes
Parcel Number: 4672501400, Zoning: RS-1-7
Tenant Pays
Electricity, Gas, Water
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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