1005 Lincoln Avenue
1 / 17

1005 Lincoln Avenue

D

San Diego, CA 92103

$965,000

Soft Appraisal Value: $960,400 · 0.5% above estimate

Beds

Baths

Sqft

864

Year Built

1925

Days on Market

77

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

FR26048071

This property is in San Diego (92103). View neighborhood stats →

About This Property

EXCELLENT INVESTMENT OPPORTUNITY IN UNIVERSITY HEIGHTS. This 864 sq. ft. duplex sits on a 2,722 sq. ft. lot and consists of two separate 1-bedroom, 1-bathroom apartments, making it an attractive opportunity for investors. The property is located in University Heights, close to the Vermont Street Pedestrian Bridge, as well as numerous shops, restaurants, entertainment venues, and the vibrant Hillcrest neighborhood. It is also conveniently located near several major hospitals and just minutes from popular attractions such as the San Diego Zoo. The upstairs unit is fully remodeled and features fresh paint throughout, new flooring, new gas stove and range hood, upgraded cabinets and counter tops, mirrored closet doors, new ceiling fans and upgraded lighting, new wall heaters, electric washer and dryer hookups, spacious private patio deck, small bedroom balcony and storage shed. The downstairs unit is a fixer opportunity which requires a full remodel but features a large private deck, attached garage, long driveway with parking for up to 4 cars and washer and dryer hookups. Investment Highlights: Both units will be delivered vacant, allowing the buyer to place their own tenants and establish market rents and lease terms. Prime central location near dining, nightlife, medical centers, and major San Diego attractions.

Mortgage Calculator

Est. Monthly Payment

$6,126

Principal & Interest$4,880
Property Tax$965
Insurance$281
%($193,000)
%

Location

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Investment Score

17D
Est. Monthly Rent
$3,553
Monthly Cashflow

Rent − PITIA

$-2,573
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,194

Mortgage (P+I)
$4,880
Cap Rate
0.85%
Cash-on-Cash
-26.08%
DSCR

Need ≥ 1.25 for DSCR loan

0.58
Break-even Rent
$9,000

NOI (Annual)
$8,228
Price-to-Rent

Lower = better for investors

22.6

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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