5126 Alumni Place San Diego, CA 92115
College East Neighborhood
4
Beds
1.5
Baths
1,182
Sq Ft
5,401
Sq Ft Lot
Highlights
- Detached Guest House
- 2 Car Attached Garage
- ADU includes 4 Bedrooms and 2 Bathrooms
- Hardy Elementary School Rated A-
- Family Room
- Separate access to accessory dwelling unit
About This Home
As of June 2025Prime 2-unit property near SDSU with 2,382 SF, featuring a gut-remodeled front house and a brand-new ground-up ADU, both 4-bed, 2-bath detached units with modern finishes. Missed student rental season (Nov start) due to construction, so currently yielding below-market rents with strong upside. Seller guarantees $11,500/mo for 1 yr, ensuring stable income and DSCR loan options. Property managers can get $11,500 next school year for new owner (see attached rent comps and rent projection). Convert garage to bedrooms or junior ADU for ~$12,900/mo+. Ideal for investors or owner-occupancy in a high-demand location!, this property provides immediate and stable income for the new buyer while securing favorable financing options, including a DSCR loan. Additionally, the newly finished ADU offers flexibility for owner-occupancy or additional rental income. New Housing Laws AB2097, which remove parking requirements and streamline development, makes the garage conversion an easy option. This conversion could significantly boost rental income, making this an even more lucrative investment opportunity. Seize a rare, turnkey SDSU student rental gem!
Last Agent to Sell the Property
Fantastik Realty License #01796328 Listed on: 05/07/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,263
Year Built
- Built in 1955
Lot Details
- Partially Fenced Property
- Level Lot
Parking
- 2 Car Attached Garage
- Two Garage Doors
- Driveway
Home Design
- Composition Roof
- Stucco Exterior
Interior Spaces
- 1,182 Sq Ft Home
- 1-Story Property
- Family Room
Bedrooms and Bathrooms
- 4 Bedrooms
Additional Homes
- Detached Guest House
- 1,200 SF Accessory Dwelling Unit
- Number of ADU Units: 1
- ADU built in 2025
- ADU includes 4 Bedrooms and 2 Bathrooms
- Kitchen Sink
- Range Cooktop
- Stove
- Separate access to accessory dwelling unit
- Entrance to ADU on street level
Listing and Financial Details
- Assessor Parcel Number 467-123-28-00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 7, 2025
Closed on
May 20, 2025
Sold by
Compound Strategies Llc
Bought by
Rocco Joseph
Seller's Agent
Robert Brown
Fantastik Realty
Buyer's Agent
Robert Brown
Fantastik Realty
List Price
$1,575,000
Sold Price
$1,560,000
Premium/Discount to List
-$15,000
-0.95%
Views
49
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.99%
Original Mortgage
$936,000
Outstanding Balance
$933,767
Interest Rate
5.05%
Mortgage Type
New Conventional
Estimated Equity
$609,559
Purchase Details
Closed on
Feb 9, 2024
Sold by
Kovalam Llc
Bought by
Compound Strategies Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$637,000
Interest Rate
6.69%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 7, 2023
Sold by
Latridis Alexander Stephan
Bought by
Kovalam Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$751,500
Interest Rate
7.23%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 20, 2018
Sold by
Iatridis Alex Stephen and Iatridis Alexander Stephan
Bought by
Iatridis Alex Stephen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Sep 14, 2015
Sold by
Iatridis Evangelos and Iatridis Sharon A
Bought by
Iatridis Alexander Stephan
Purchase Details
Closed on
Jan 10, 1990
Bought by
0% Iatridis Alexander S Hwjt Iat
Similar Homes in San Diego, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,560,000 | First American Title | |
| Grant Deed | $800,000 | Chicago Title | |
| Grant Deed | $660,000 | Chicago Title | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Deed | $145,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $936,000 | New Conventional | |
| Previous Owner | $390,000 | New Conventional | |
| Previous Owner | $637,000 | New Conventional | |
| Previous Owner | $100,000 | Construction | |
| Previous Owner | $751,500 | New Conventional | |
| Previous Owner | $200,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $15,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/10/2025 06/10/25 | Sold | $1,560,000 | -1.0% | $1,320 / Sq Ft |
| 05/15/2025 05/15/25 | Pending | -- | -- | -- |
| 05/07/2025 05/07/25 | For Sale | $1,575,000 | -- | $1,332 / Sq Ft |
Source: San Diego MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,263 | $1,075,999 | $730,746 | $345,253 |
| 2024 | $8,263 | $670,000 | $600,000 | $70,000 |
| 2023 | $3,089 | $256,375 | $95,444 | $160,931 |
| 2022 | $3,005 | $251,349 | $93,573 | $157,776 |
| 2021 | $2,983 | $246,422 | $91,739 | $154,683 |
| 2020 | $2,946 | $243,896 | $90,799 | $153,097 |
| 2019 | $2,892 | $239,115 | $89,019 | $150,096 |
| 2018 | $2,786 | $234,427 | $87,274 | $147,153 |
| 2017 | $2,720 | $229,831 | $85,563 | $144,268 |
| 2016 | $2,676 | $225,326 | $83,886 | $141,440 |
| 2015 | $2,636 | $221,942 | $82,626 | $139,316 |
| 2014 | $2,596 | $217,595 | $81,008 | $136,587 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Brown
Seller's Agent in 2025
Robert Brown
Fantastik Realty
(858) 397-3108
4 in this area
49 Total Sales
Map
Source: San Diego MLS
MLS Number: 250026758
APN: 467-123-28
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