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5067 Alumni Pl San Diego, CA 92115
$1,300,000 8 beds, 4 baths
0 sqft
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Photo of Margit Lonauer-Tesar

Margit Tesar REALTOR® - Sales Associate 619-867-1033 m
619-867-1033 o
858-284-2395 f
Lic#: 01460879
NRDS ID: 164002335
mtesar@gmail.com
Text Me
Call My Cell
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858-284-2395 f
Lic#: 01460879
NRDS ID: 164002335
mtesar@gmail.com
San Diego Central Office
2355 Northside Drive, Suite 180
San Diego, CA 92108
Phone: 619-294-3113
Fax: 619-521-0100
San Diego Central 2355 Northside Drive, Suite 180
San Diego, CA 92108
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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, 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. 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# 260013616
List price is $1,300,000 Reduced by $80,000 on 8/13/2026
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: 8/13/2026

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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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Listing Agent: Rory M Cornelius
Lic#: 01460879
Office Name: San Diego Central

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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Photo of Margit Lonauer-Tesar

Margit Tesar REALTOR® - Sales Associate 619-867-1033 m
619-867-1033 o
858-284-2395 f
Lic#: 01460879
NRDS ID: 164002335
mtesar@gmail.com
Text Me
Call My Cell
Call My Office
858-284-2395 f
Lic#: 01460879
NRDS ID: 164002335
mtesar@gmail.com

San Diego Central Office
2355 Northside Drive, Suite 180
San Diego, CA 92108
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