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Kelly Tingle

tingle.kelly@gmail.com +1(619) 261-2653

$999,999

Est. payment - /mo

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Sat Nov 14, 12:00pm - 3:00pm

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID 260024151SD

HOA Y/N No

Year Built 1978

Property Description

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 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. Tenants pay all utilities 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.

Location

State CA

County San Diego

Area 92115 - San Diego

Zoning RS-1-7

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Appliance Gas Water Heater

Exterior

View Y/N No

Roof Type Composition

Building

Lot Description Sprinkler System

Story 2

Entry Level Two

Level or Stories Two

Others

Senior Community No

Tax ID 4672501400

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

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Listed by Rory Cornelius ROA California Inc #02161116

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Kelly Tingle

+1(619) 261-2653

Director of Branch Operations | Broker License ID: CA DRE # 01328533

5067 Alumni Pl San Diego, CA 92115

Kelly Tingle

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Key Details

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Interior

Exterior

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5067 Alumni Pl