5067 Alumni Pl, San Diego, CA 92115
Local realty services provided by:ERA North Orange County Real Estate
Listed by: rory cornelius, jorge morales
Office: roa california inc619-848-7006
MLS#:260001711SD
Source:CRMLS
Price summary
- Price:$1,550,000
About this home
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! Submitted 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). This configuration is well suited for maximizing rental income in a high-demand market. 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....
Contact an agent
Home facts
- Year built:1978
- Listing ID #:260001711SD
- Added:119 day(s) ago
- Updated:May 22, 2026 at 10:40 AM
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air, Natural Gas
- Central air:Yes
Structure and exterior
- Roof:Composition
- Year built:1978
- Levels:2 Story
Finances and disclosures
- Price:$1,550,000
Features and amenities
- Amenities:Gas Water Heater
New listings near 5067 Alumni Pl
- New
$3,269,900Active6 beds 6 baths4,687 sq. ft.5255 Greenwillow Ln, San Diego, CA 92130
MLS# 260012440SDListed by: COMPASS - New
$1,298,799Active4 beds 3 baths2,200 sq. ft.4982 Ensign Street, San Diego, CA 92117
MLS# PTP2603904Listed by: LIV MODRN - Open Sat, 2 to 4pm
$4,500,000Active4 beds 5 baths4,180 sq. ft.14835 Caminito Lorren, Del Mar, CA 92014
MLS# NDP2603737Listed by: BERKSHIRE HATHAWAY HOMESERVICE - New
$4,375,000Active4 beds 4 baths3,960 sq. ft.11052 Twinleaf Way, San Diego, CA 92131
MLS# 260012438Listed by: BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA PROPERTIES - Open Sat, 1 to 4pmNew
$885,000Active3 beds 3 baths1,389 sq. ft.10556 Debreceni #11, San Diego, CA 92127
MLS# 260012435SDListed by: EPICPOINT PROPERTIES - New
$4,375,000Active4 beds 4 baths3,960 sq. ft.11052 Twinleaf Way, San Diego, CA 92131
MLS# 260012438SDListed by: BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA PROPERTIES - Open Sat, 3 to 5pmNew
$495,000Active2 beds 2 baths1,094 sq. ft.6812 Hyde Park #B, San Diego, CA 92119
MLS# PW26110890Listed by: EXP REALTY OF SOUTHERN CA, INC - New
$324,999Active1 beds 1 baths558 sq. ft.4085 48th #5, San Diego, CA 92105
MLS# 260012420SDListed by: EXP REALTY OF CALIFORNIA, INC. - Coming Soon
$3,000,000Coming Soon5 beds 7 bathsAddress Withheld By Seller, San Diego, CA 92131
MLS# 260012428SDListed by: ALEX MORRISON, BROKER - Coming Soon
$3,100,000Coming Soon5 beds 4 bathsAddress Withheld By Seller, San Diego, CA 92107
MLS# 260012423SDListed by: COMPASS