714-745-2708

5067 Alumni Pl, San Diego, CA 92115

$999,999 Approx. USD 8 beds, 4 baths

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Marketed By The Keaty Team

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Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

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Listing Agent

Rory M Cornelius
Lic#: 02161116
Broker: Courtesy of ROA California Inc
Phone: 760-710-1897

Agent Remarks

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.

Listing Details

Property type: Res Income 2-4 Units (Multi-Family)

Status: ACTIVE

MLS# 260024151

List price is $999,999 Reduced by $300,000 on 10/30/2026

Price: $999,999

HOA Fee is $0.00

Beds: 8

Baths: 4 (4 full)

Built in 1978

2 stories

0.00 acres

Subdivision: College Park (CP)

County: San Diego

Zoning: RS-1-7

Construction: Stucco

Heating description: Forced Air Unit

MLS area: Metro Uptown

Pets Allowed: Yes

Last Updated: 11/2/2026

Days On Market (DOM): 40

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This listing belongs to the Metro Uptown MLS area

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Lat/Long: 32.770052, -117.056583.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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