Listing Agent: Robert Brown      Broker/Office: Fantastik Realty
5126 Alumni Pl San Diego CA 92115
$ 1,575,000
  4   |    1 Full  1 Half   |    1182 Sq Feet

Listing ID

#250026758SD

Status

Active

Property Type

Single Family Residence

County

San Diego

Year Built

1955

Days on website

4

Description
Prime 2-unit property near SDSU with 2,382 SF, featuring a gut-remodeled front house and a brand-new ground-up ADU, both 4-bed, 2-bath detached units with modern finishes. Missed student rental season (Nov start) due to construction, so currently yielding below-market rents with strong upside. Seller guarantees $11,500/mo for 1 yr, ensuring stable income and DSCR loan options. Property managers can get $11,500 next school year for new owner (see attached rent comps and rent projection). Convert garage to bedrooms or junior ADU for ~$12,900/mo+. Ideal for investors or owner-occupancy in a high-demand location!, this property provides immediate and stable income for the new buyer while securing favorable financing options, including a DSCR loan. Additionally, the newly finished ADU offers flexibility for owner-occupancy or additional rental income. New Housing Laws AB2097, which remove parking requirements and streamline development, makes the garage conversion an easy option. This conversion could significantly boost rental income, making this an even more lucrative investment opportunity. Seize a rare, turnkey SDSU student rental gem!
Location
Financial Information
List Price:  $ 1575000
Property Features
Construction Materials:  Stucco
Fencing:  Partial
Levels:  One
Parking Features:  Concrete, Garage
Roof:  Composition
Senior Community YN:  false
MLS Area Major:  92115 - San Diego
City:  San Diego
Senior Community YN:  false
Listed By:   Robert Brown   Fantastik Realty 
CA Lic#