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5067 Alumni Pl

San Diego, CA 92115
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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. 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 6 00 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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,499,000

AD Id : 80039997

MLS Id : 260013616SD

Year Built : 1978

County : San Diego

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Feature Features

  • Interior Features

    Roof: Composition
    Appliances: Gas Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Forced Air, Natural Gas Has Cooling: Yes Cooling: Central Air

  • Building Information

    Year Built: 1978
    Stories: 2
    Private Pool: No

  • Lot Information

    Lot Size Source: Assessor Lot Description: Sprinkler System

  • Listing Price Information

    Listing Price: $1499000
    Cash, Conventional, FHA, VA Loan

  • 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
7180 82 Mohawk St, San Diego, CA, 92115 $1,100,000 -- -- --
6935 Mandalay, San Diego, CA, 92115 $849,000 4 2 1,671 1,671 SqFt
4850 69th Place, San Diego, CA, 92115 $949,000 5 2 1,624 1,624 SqFt
5198 Bocaw Pl, San Diego, CA, 92115 $1,174,999 3 2 1,272 1,272 SqFt
5254 Bocaw Pl, San Diego, CA, 92115 $875,000 2 1 874 874 SqFt
5191 Alumni Pl, San Diego, CA, 92115 $1,895,000 -- -- --
5109 Alumni Pl, San Diego, CA, 92115 $990,000 4 3 1,388 1,388 SqFt
4824 26 Rolando Blvd, San Diego, CA, 92115 $1,385,000 -- -- --
6407 13 Richard St, San Diego, CA, 92115 $2,995,000 -- -- --
4725 Filipo Street, San Diego, CA, 92115 $879,900 3 2 1,351 1,351 SqFt

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ByOwner last updated this listing 07/26/2026 @ 10:36

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

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