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5067 Alumni Pl

San Diego, CA 92115
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Bed 8

Bed

Bath 4

Bath

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. 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. Both units are now vacant

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,249,999

AD Id : 80039997

MLS Id : 260013616SD

Beds : 8

Year Built : 1978

County : San Diego

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Feature Features

  • Interior Features

    Roof: Composition
    Appliances: GasWaterHeater
  • Heating & Cooling

    Has Heating: Yes Heating: ForcedAir, NaturalGas Has Cooling: Yes Cooling: CentralAir

  • Building Information

    Year Built: 1978
    Stories: 2
    Private Pool: No

  • Lot Information

    Lot Size Source: Assessor Lot Description: SprinklerSystem

  • Listing Price Information

    Listing Price: $1249999
    Original Price: $1499000
    Cash, Conventional, FHA, VaLoan

  • Tax Information

    Parcel Number: 4672501400

  • Location Information

    Direction: CrossStreet: Reservoir Dr
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5270 72 Manhasset Dr, San Diego, CA, 92115 $1,895,000 9 4 -- --
3440 42 Egan St, San Diego, CA, 92115 $988,888 3 2 1,542 10,500 Sqft
6233 Mary Lane Dr, San Diego, CA, 92115 $1,500,000 7 3 1,751 6,000 Sqft
6430 University Ave, San Diego, CA, 92115 $1,100,000 7 5 -- 5,864 Sqft
6266 68 Stewart St, San Diego, CA, 92115 $1,595,000 8 4 -- 6,115 Sqft
3440 42 Egan St, San Diego, CA, 92115 $988,888 3 2 -- 10,500 Sqft
4024-4026 College Ave, San Diego, CA, 92115 $1,310,000 5 4 -- --
7180 82 Mohawk St, San Diego, CA, 92115 $1,050,000 4 2 -- --
4850 69th Place, San Diego, CA, 92115 $899,000 5 2 1,624 5,223 Sqft
5254 Bocaw Pl, San Diego, CA, 92115 $870,000 2 1 874 --

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ByOwner last updated this listing 09/10/2026 @ 11:23

MLS: 260013616SD LISTED BY: Rory Cornelius, ROA California Inc 619-717-6237 SOURCE: CRMLS

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