Residential Income - 5191 Alumni Pl, San Diego, CA

$1,895,000

5191 Alumni Pl, San Diego, CA

5191 Alumni Pl, San Diego, CA 92115 - $1,895,000 · Multi-Family Home for Sale, photo 3

5191 Alumni Pl, San Diego, CA 92115 - $1,895,000 · Multi-Family Home for Sale, photo 4

5191 Alumni Pl, San Diego, CA 92115 - $1,895,000 · Multi-Family Home for Sale, photo 5

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Description

Turn Key student rental property with a rent guarantee through August 2027 for $13,000 per month at a 5.8% CAP RATE WITH 3RD PARTY MANAGEMENT IN PLACE. Excellent passive cash-flowing investment and 1031 exchange option. Main house is a 6bed/3ba, ADU in front is a 4bed/2ba. Units share access to the pool and deck with views overlooking the canyon. All market rate no deed restrictions! Located a short drive to SDSU campus surrounded by high demand student rentals. This property usually rents many months in advance each year due to the beautiful finishes through out and the large pool with views - a unique amenity that students search for in SoCal. Units have in-unit washer dryers, full kitchens, private entrances, and ample street parking.

Property details

Year built

1987

Property type

Residential Income

Location

5191 Alumni Pl • San Diego, CA 92115

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Listed by

Alexio Barbara · Bridgepoint Realty Inc

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