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4 Bed | 2 Bath | Huge Lot | ADU & SB-9 Ready | Turnkey College Area Investment An exciting mid-century single-story gem in San Diego's thriving College Area, just minutes from SDSU and walkable to shops, restaurants, and public transit. This 4 bed, 2 bath home sits on an expansive lot with ADU drawings posted in the MLS to save you time and money - contact listing agent for them. A great opportunity for a SB-9 lot split with dual access from Reservoir Dr, this property offers rare upside potential"”build a second home, split and sell, or create multiple rental income streams. Fully updated with modern finishes"”new flooring, quartz counters, stainless appliances, upgraded lighting, and energy-efficient windows"”this home blends turnkey comfort with real development potential. The oversized 2-car garage adds flexibility for conversion or storage. The drought-tolerant landscaping keeps maintenance low while leaving room to expand, entertain, or build out. Currently operating as a high-income SDSU student rental, it's also a perfect opportunity for house hackers, developers, or anyone looking to build long-term wealth in one of San Diego's most in-demand rental corridors. Assumable VA loan with low gap may be available"”ask about creative financing options! Whether you're looking for cash flow, future development, or a centrally located home with charm and upside, 5109 Alumni delivers!
Property Type(s):
Single Family
| Last Updated | 11/11/2025 | Tract | San Diego |
|---|---|---|---|
| Year Built | 1955 | Community | 92115 - San Diego |
| Garage Spaces | 2.0 | County | San Diego |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Built-In Range, Dishwasher, Gas Cooktop, Gas Oven, Gas Range, Range Hood |
| AREA | 92115 - San Diego |
| CONSTRUCTION | Stucco, Wood Siding |
| GARAGE | Yes |
| HEAT | Natural Gas |
| LOT | 0 |
| PARKING | Garage Faces Front, Garage |
| POOL DESCRIPTION | None |
| STORIES | 1 |
| SUBDIVISION | San Diego |
Location
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The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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