1005 Lincoln Avenue

1005 Lincoln Avenue

D

San Diego, CA 92103

$1,075,000

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

View on MLS

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

Principal & Interest$5,436
Property Tax$1,075
Insurance$314
%($215,000)
%

Investment Score

0D
Est. Monthly Rent
$3,030
Monthly Cashflow

Rent − PITIA

$-3,795
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,388

Mortgage (P+I)
$5,436
Cap Rate
0.05%
Cash-on-Cash
-30.07%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.44
Break-even Rent
$10,027

NOI (Annual)
$579
Price-to-Rent

Lower = better for investors

29.6

* 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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