$1,299,999

5067 Alumni Pl, San Diego, CA 92115

8 beds |
4 baths

Multi-Family Home
Built in 1978
—— sqft lot
—— car garage
$——/sqft
Listed 3 days ago

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. 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.

Listing Status:: Active
Date Added:: October 4, 2026
Data Last Updated:: October 8, 2026 at 6:14PM
Listing Office:: ROA California Inc : 619-717-6237
Listing Agent:: Rory M Cornelius : 760-710-1897
MLS ID:: 260024151

A/C: Central Forced Air
Heating: Forced Air UnitNatural Gas

General: N/K

Roofing: Composition
General: Stucco2 Story

HOA Amenities: N/K0.0
Originating MLS: SDMLS
County: San Diego

Zoning: RS-1-7467-250-14-00
Fencing: Gate

Utilities: Sewer Connected
Water: Meter on Property

Source: SDMLS

This listing courtesy of Rory M Cornelius , ROA California Inc

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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