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1028-30 Lincoln Ave

San Diego, CA 92103
  • $1,225,000
  • STATUS: ACTIVE
  • ON SITE: 41 Days
  • ID#: 220017471
UPDATED: 52 min ago
$1,225,000
  • 5
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,985
    SQFT
  • $617
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1911
County:

School Ratings & Info

Description

Pleased to present for sale this amazing 2 on 1 Garden Style Multi-Unit Property Located on a Cul-de-Sac Street in the Western Portion of University Heights. The property is located in a quiet residential neighborhood and is within walking distance to Hillcrest/Uptown by way of the Iconic Vermont Street Pedestrian Bridge. This is a great opportunity for a new investor to modernize both the Interiors & Exteriors to achieve market rents. Included is a Two Bedroom/1Bath Upstairs Unit that is estimated to be around 1,000 Square Feet as well as a Downstairs Three Bedroom/1Bath 985 Square Feet. The way that the downstairs unit is configured and its location in the structure might allow the new owner to create a separate studio unit out of the 3rd Bedroom. There is a smaller two-car garage with a large storage area below the garage. With all the proactive zoning changes going on in San Diego it is possible that both the garage and the storage unit could be made into 2 extra dwelling units.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/130672092
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1028-30 Lincoln Ave San Diego, CA 92103

  • Price: $1,225,000
  • Status: ACTIVE
  • On Site: 41 Days
  • Updated: 52 min ago
  • ID#: 220017471
5
Beds
2
Baths
0
½ Baths
N/A
Acres
1,985
SQFT
$617
$/SQFT
1911
Built
Neighborhood:
University Heights
County:
San Diego
Area:
Mission Hills (92103)
Property Description
Pleased to present for sale this amazing 2 on 1 Garden Style Multi-Unit Property Located on a Cul-de-Sac Street in the Western Portion of University Heights. The property is located in a quiet residential neighborhood and is within walking distance to Hillcrest/Uptown by way of the Iconic Vermont Street Pedestrian Bridge. This is a great opportunity for a new investor to modernize both the Interiors & Exteriors to achieve market rents. Included is a Two Bedroom/1Bath Upstairs Unit that is estimated to be around 1,000 Square Feet as well as a Downstairs Three Bedroom/1Bath 985 Square Feet. The way that the downstairs unit is configured and its location in the structure might allow the new owner to create a separate studio unit out of the 3rd Bedroom. There is a smaller two-car garage with a large storage area below the garage. With all the proactive zoning changes going on in San Diego it is possible that both the garage and the storage unit could be made into 2 extra dwelling units.
Exterior Features

Exterior Other/Remarks Fencing N/K Roof Other/Remarks Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Units With Garages 1 Units With Patios 2

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Stories 3 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 0

Property Features

Actual Cap Rate 5.21 Age Restrictions N/K Annual Expense Actual 20044 Annual Expense Projected 20044 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Community University Heights Complex Park N/A Cross Streets Lincoln Ave And Vermont St Gross Rent Multiplier Actual 14.58 Gross Rent Multiplier Project 14.58 Gross Scheduled Income Actual 84000 Gross Scheduled Income Project 84000 Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Net Operating Income Projected 63836 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 5.21 Projected Other Income 2400.0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays N/K Terms CashConventionalOther/Remarks Unit Number For Unit1 1028 Unit Number For Unit2 1030 Unit1 Deposit 0 Unit1 Occupied Owner Unit1 Projected Rent 3500.0 Unit1 Rent Actual 0.0 Unit2 Deposit 0 Unit2 Occupied Vacant Unit2 Projected Rent 3500.0 Unit2 Rent Actual 0.0

San Diego MLS logo Listing provided courtesy of Marcus & Millichap: 858-373-3100. Listing information © 2022 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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Neuman & Neuman Real Estate Inc.
516 5th Avenue
San Diego CA, 92101