5191 Alumni Pl - Multi-Family FOR SALE


San Diego, CA 92115- College East
$1,945,000 USD
760-419-1343
5191 Alumni Pl, San Diego, CA for Sale
$1,945,000 USD
Multi-Family - FOR SALE
1/13
null | 5.9% Cap Rate

5191 Alumni Pl
San Diego, CA 92115
College East


OVERVIEW

Turn Key student rental property with a rent guarantee through August 2027 for $13,400 per month at a 5.9% 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.

FOR SALE DETAILS

PRICE

$1,945,000 USD

PRICE/SF

$687 USD /SF

# OF UNITS

2

PRICE/UNIT

$972,500

CAP RATE

5.9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5191 Alumni

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

467-123-19

ASK ABOUT THIS PROPERTY

Alexio BarbaraBridgepoint Realty Inc.More Info
760-419-1343

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Alexio BarbaraBridgepoint Realty Inc.More Info
760-419-1343

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.