Active

5067 Alumni Pl

San Diego, CA 92115
Mark as Favorite

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! 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.

Read More Expand

Detail Ic Property Details

Property Type : Residential Income

Price : $1,499,000

AD Id : 80039997

MLS Id : 260013616SD

Year Built : 1978

County : San Diego

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bathroom Information

    Total Baths: 0
  • Interior Features

    Roof: Composition Property Appliances: Gas Water Heater
  • Cooling Features

    Central Air Air Conditioning

    Heating Source

    Forced Air,Natural Gas Has Heating

  • Building Information

    Year Built: 1978 Roof: Composition

  • Listing Price Information

    Original List Price: 1,499,000 Listing Contract Date: 2026-06-04
  • Lease Information

    Listing Agreement: Seller Reserved

  • Tax Information

    Parcel Number: 4672501400

  • Rental Info

    Lease Term: Negotiable Tenant Pays: Electricity,Gas,Water

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 92115 - San Diego Directions: CrossStreet: Reservoir Dr Zoning: RS-1-7 Source Property Type: Residential Income Area: 92115 - San Diego
  • Building and Construction

    Property Age: 48 Year Built Source: Vendor Enhanced Levels or Stories: Two Building Total Stories: 2
Sell a home like this and save $89,441 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
4850 69th Place, San Diego, CA, 92115 $1,100,000 5 2 1,624 1,624 SqFt
5254 Bocaw Pl, San Diego, CA, 92115 $925,000 2 1 874 874 SqFt
5191 Alumni Pl, San Diego, CA, 92115 $1,895,000 -- -- --
13-6407 Richard St, San Diego, CA, 92115 $2,995,000 -- -- --
4607 Rolando Blvd, San Diego, CA, 92115 $1,095,000 3 2 2,087 2,087 SqFt
4036 Loma Alta Dr, San Diego, CA, 92115 $849,000 3 1 1,268 1,268 SqFt
4725 Filipo Street, San Diego, CA, 92115 $899,900 3 2 1,351 1,351 SqFt
4941 Gary St., San Diego, CA, 92115 $1,650,000 8 4 2,770 2,770 SqFt
4356 Aragon Way, San Diego, CA, 92115 $995,000 3 2 1,612 1,612 SqFt
30-4928 64th St, San Diego, CA, 92115 $1,475,000 8 3 2,076 2,076 SqFt

Copyright © 2026 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 06/08/2026 @ 20:35

MLS: 260013616SD LISTED BY: Rory Cornelius, ROA California Inc 619-848-7006 SOURCE: CRMLS

Selling? Save $89,441 when you sell a home like this

Tour with a ByOwner Agent