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1031-1033 Johnson Ave

San Diego, CA 92103
  • $1,575,000
  • STATUS: ACTIVE
  • ON SITE: 91 Days
  • ID#: 240008440
Price Reduced
UPDATED: 118 min ago
$1,575,000
  • 5
    BEDS
  • 0.12
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,600
    SQFT
  • $984
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1940
County:

Description

Great investment opportunity with this 2 on 1 property. Live in one home and rent the other out. Private and separate yards for each home. Front home (1031) has off street parking. Rear home (1033) has a 2 car enclosed carport. Additional single car garage with extra storage located on alley may also be leased for additional income. Front home has recently installed central heat and air conditioning, laundry/mud room with full size hookups. Large living room with fireplace. Master bedroom has 2 closets, one of which is a walk in. The master bedroom also has a dressing area separate from the shower area. Rear home has a spacious mud/laundry room with stacked washer and dryer. Kitchen feature full size gas range, dishwasher, fridge and microwave. Wrap around paved patio and mature orange tree. Darling neighborhood that is beautiful to walk around. Property was constructed in the 1940's but the front house was completely remodeled in 1984 (one wall left standing).

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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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/149713429
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1031-1033 Johnson Ave San Diego, CA 92103

  • Price: $1,575,000
  • Status: ACTIVE
  • On Site: 91 Days
  • Updated: 118 min ago
  • ID#: 240008440
5
Beds
3
Baths
0
½ Baths
0.12
Acres
1,600
SQFT
$984
$/SQFT
1940
Built
Neighborhood:
University Heights
County:
San Diego
Area:
Mission Hills (92103)
Elementary School:
San Diego Unified School District
Middle School:
San Diego Unified School District
High School:
San Diego Unified School District
Property Description
Great investment opportunity with this 2 on 1 property. Live in one home and rent the other out. Private and separate yards for each home. Front home (1031) has off street parking. Rear home (1033) has a 2 car enclosed carport. Additional single car garage with extra storage located on alley may also be leased for additional income. Front home has recently installed central heat and air conditioning, laundry/mud room with full size hookups. Large living room with fireplace. Master bedroom has 2 closets, one of which is a walk in. The master bedroom also has a dressing area separate from the shower area. Rear home has a spacious mud/laundry room with stacked washer and dryer. Kitchen feature full size gas range, dishwasher, fridge and microwave. Wrap around paved patio and mature orange tree. Darling neighborhood that is beautiful to walk around. Property was constructed in the 1940's but the front house was completely remodeled in 1984 (one wall left standing).
Exterior Features

Exterior Stucco Fencing Partial Frontage Dimensions In Feet 34 Irrigation N/K Lot Dimensions Approx 34x150 Parking For RV None Known Parking Garage Desc Unit1 AssignedDetached Parking Garage Desc Unit2 AssignedAttached Parking Garage Desc Unit3 N/K Parking Garage Desc Unit4 N/K Parking Non Garage Desc Unit1 Uncovered Parking Non Garage Desc Unit2 Carport Parking Non Garage Desc Unit3 None Known Parking Non Garage Desc Unit4 None Known Pool N/K Pool Heat None Known Roof Composition Site Alley AccessCurbsPublic StreetSidewalksStreet Paved Spa N/K Spa Heat None Known Topography Level Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 2 Units With Patios 2 View N/K

Interior Features

Cooling Central Forced Air Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Heat Equipment FireplaceForced Air UnitOther/Remarks Heat Source ElectricNatural GasWood Stories 1 Story Total Baths Unit1 2 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 1 Units With Dishwashers 2 Units With Dryers 2 Units With Fireplaces 2 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 2 Water Heater Type Gas

Property Features

Actual Cap Rate 10.0 Age Restrictions N/K Annual Expense Actual 6000 Annual Expense Projected 15000 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Community UNIVERSITY HEIGHTS Complex Park NONE Cross Streets Lincoln Ave Gross Rent Multiplier Actual 23.0 Gross Scheduled Income Actual 58000 Gross Scheduled Income Project 86000 Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Net Operating Income Projected 71000 Other Fee Type N/K Other Fees 0.0 Other Income Actual 0 Possession Close of Escrow Projected Cap Rate 17.0 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Telecommunications Cable (coaxial) Tenant Pays ElectricityGas/Propane Terms CashConventional Unit Number For Unit1 1031 Unit Number For Unit2 1033 Unit1 Deposit 4000 Unit1 Occupied Tenant Unit1 Projected Rent 4200.0 Unit1 Rent Actual 4000.0 Unit2 Deposit 0 Unit2 Occupied Vacant Unit2 Projected Rent 3200.0 Unit2 Rent Actual 0.0 Water Meter on Property Water District CITY OF SAN DIEGO

San Diego MLS logo Listing provided courtesy of Monica Marquis of Coastal Property Management: 858-414-4491. Listing information © 2024 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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