5067 Alumni Place presents a rare opportunity to acquire a fully gut-remodeled 2-unit property with SUBMITTED plans to add two additional units, 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
MLS #
SD260001711
MLS Source
San Diego MLS
Days on Site
10
Cooling
Central Forced Air
Heating
Forced Air, Gas - Natural
Roof
Composition
Pool
Other
HOA Fee
$0
Zoning
RS-1-7
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 2 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 1,504 | 4 | 2/0 | – |
| 2 | 1,500 | 4 | 2/0 | – |
5067 Alumni Pl is a Duplex in San Diego, CA 92115. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,599,000 and was built in 1978. This address can also be written as 5067 Alumni Pl, San Diego, CA 92115.
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This listing information is up-to-date as of January 26, 2026. For the most current information, please contact Rory Cornelius, (760) 710-1897