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5091 Alumni Place, San Diego, California 92115, San Diego, 92115 - 11 bed, 6 bath

5091 Alumni Place, San Diego, California 92115 home-pic-0
ACTIVE$1,595,000
5091 Alumni Place, San Diego, California 92115
11Beds
6Baths
2,989Sqft
7,405.2Lot
Year Built
1977
Close
-
List price
$1.59M
Original List price
$1.59M
Price/Sqft
$534
HOA
-
Days on market
-
Sold On
-
MLS number
NDP2510779
Home ConditionGood
Features
Good View: City Lights
ViewCity Lights

About this home

We found 5 Cons,6 Pros. Rank: price - $1.59M(91th), sqft - 2989(96th), beds - 11(99th), baths - 6(99th).

Rare opportunity near SDSU! Ideally located within walking distance to the university and trolley station, this licensed, move-in–ready multi-level property is perfectly suited for investment or specialized housing use. Home was generating over $300k in annual revenue. Originally configured as 8 beds / 5 baths per tax records, the home currently offers 11 bedrooms and 6bathrooms, including three private-entry suites that provide flexible living arrangements and strong income potential. The spacious layout supports multiple living zones, ideal for co-habitation, student housing, sober/rehab housing, or a small residential care setup (buyer to verify). Owned solar helps to minimize expenses. The home offers a functional interior footprint with generous common areas and multiple bedroom configurations to accommodate occupants comfortably. Exterior spaces allow for gathering, parking needs, and operational flexibility. This is an exceptionally located property with strong rental demand, sitting just minutes from SDSU, Alvarado Hospital, shops, freeway access, and public transportation. Whether operated for student housing, co-living, halfway/sober housing, traveling nursing, transitional housing or as a high-yield rental, this asset offers abundant upside for the right operator.

Nearby schools

5/10
Clay Elementary School
Public,•K-5•0.5mi
4/10
Rolando Elementary School
Public,•K-6•0.7mi
10/10
Hearst Elementary School
Public,•K-5•1.0mi
8/10
Hardy Elementary School
Public,•K-5•1.4mi
3/10
Fay Elementary School
Public,•K-5•2.1mi
5/10
Foster Elementary School
Public,•K-5•2.2mi
4/10
Franklin Elementary School
Public,•K-5•2.9mi
4/10
Mann Middle School
Public,•6-8•1.6mi
/10
La Mesa Middle School
Public,•7-8•1.8mi
8/10
La Mesa Arts Academy
Public,•4-8•1.8mi
8/10
Lewis Middle School
Public,•6-8•2.2mi
/10
La Mesa-Spring Valley Home School/Independent Study
Public,•K-8•2.8mi
4/10
Wilson Middle School
Public,•6-8•3.4mi
6/10
Science, Technology, Engineering, Arts, And Math Academy At La Presa
Public,•4-8•5.0mi
4/10
Crawford High School
Public,•9-12•1.7mi
8/10
Patrick Henry High School
Public,•9-12•1.8mi
5/10
Hoover High School
Public,•9-12•2.6mi
7/10
Grossmont High School
Public,•9-12•4.2mi
3/10
Idea Center
Public,•9-12•5.5mi

Price History

Date
Event
Price
11/12/25
Listing
$1,595,000
10/16/25
Sold
$1,050,000
01/17/03
Sold
$480,000
03/19/02
Sold
$355,000
12/31/01
Sold
$200,000
08/01/95
Sold
$112,000
Condition Rating
Good
Despite being built in 1977, this property has undergone extensive and recent renovations, making it move-in ready. The interior features new luxury vinyl plank (LVP) flooring throughout, fresh paint, and modern light fixtures. The bathrooms are clearly updated with contemporary vanities, fixtures, and tiled showers. The kitchen boasts modern flat-panel cabinets, though the countertops appear to be a more basic laminate/speckled material, and no appliances are visible in the provided images. However, the overall aesthetic is clean and functional, suitable for its intended high-occupancy use. The owned solar panels are a significant modern upgrade. The renovation aligns with the 'extensively renovated within 5 to 15 years' criteria for a 'Good' score, ensuring minimal wear and tear on visible components.
Pros & Cons

Pros

Great Schools: Elementary School: Hearst Elementary School (10/10).
Exceptional Location & Accessibility: Ideally situated within walking distance to SDSU and a trolley station, with minutes-away access to Alvarado Hospital, shops, freeway, and public transportation, ensuring strong rental demand.
High Income & Investment Potential: The property has a proven track record of generating over $300k in annual revenue, explicitly marketed for high-yield investment and specialized housing uses.
Versatile Use & High Capacity: Currently configured with 11 bedrooms and 6 bathrooms, including three private-entry suites, making it highly adaptable for student housing, co-living, sober/rehab housing, or residential care.
Energy Efficiency: Equipped with owned solar panels, which significantly helps to minimize operational expenses and utility costs for a high-occupancy property.
Functional Layout & Amenities: Offers a functional multi-level interior with generous common areas, multiple bedroom configurations, and exterior spaces suitable for gathering, parking, and operational flexibility, complemented by city lights views.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7405, other record lot size in square feet = 7500. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 11, other record bedroom count = 8.
Recently Sold Property: The property was recently sold within the past year on 2025-10-16. The sold price is $1,050,000.00.
Specialized Management & Operational Complexity: Operating a high-capacity, multi-tenant property for specialized housing (e.g., student, co-living, care) requires specific management expertise and can entail higher operational complexities than a traditional single-family rental.
Potential for Increased Wear & Tear: High occupancy and multi-tenant usage typically lead to accelerated wear and tear on the property, potentially resulting in higher ongoing maintenance and repair costs.
Verification of Configuration & Licensing: While described as 'licensed' and 'move-in ready,' the discrepancy between tax records (8 beds/5 baths) and the current configuration (11 beds/6 baths) necessitates thorough buyer verification regarding permits, zoning compliance, and the scope of existing licensing for its intended specialized uses.

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