1005 Lincoln Avenue
DSan Diego, CA 92103
Soft Appraisal Value: $1,064,200 · 1.0% above estimate
Beds
—
Baths
—
Sqft
864
Year Built
1925
Days on Market
31
Property Type
Multi-Family
HOA/mo
N/A
MLS ID
FR26048071
Description
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
$6,824
Comparable Properties
5 comps foundThis Property
$3,030
Comp Average
$2,983
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$650K
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4082 Albatross St
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3825 Centre
2bd / 2ba · 999 sqft · Condo
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3145 Union Street
2bd / 2ba · 894 sqft · Condo
$700K
Est. $2,933/mo
1270 Cleveland Ave
2bd / 2ba · 949 sqft · Condo
$650K
Est. $2,141/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
Rent − PITIA
Incl. vacancy, PM, maint, capex
⚠️ Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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