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5191 Alumni Pl - 5191 Alumni 2 Unit Apartment Building Offered at $1,945,000 at a 5.90% Cap Rate San Diego, CA 92115
Executive Summary
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.
Property Facts
| Price | $1,945,000 | No. Units | 2 |
| Price Per Unit | $972,500 | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 2,832 SF |
| Cap Rate | 5.90% | No. Stories | 2 |
| Gross Rent Multiplier | 12.1 | Year Built | 1987 |
| Price | $1,945,000 |
| Price Per Unit | $972,500 |
| Sale Type | Investment |
| Cap Rate | 5.90% |
| Gross Rent Multiplier | 12.1 |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 2,832 SF |
| No. Stories | 2 |
| Year Built | 1987 |
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Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 467-123-19 | Improvements Assessment | $116,056 |
| Land Assessment | $394,595 | Total Assessment | $510,651 |
Property Taxes
Parcel Number
467-123-19
Land Assessment
$394,595
Improvements Assessment
$116,056
Total Assessment
$510,651
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5191 Alumni Pl - 5191 Alumni
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