1018 Johnson Ave
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1018 Johnson Ave

D

San Diego, CA 92103

$1,549,000
NEW — 0d

Soft Appraisal Value: $1,527,100 · 1.4% above estimate

Beds

2

Baths

2

Sqft

1,214

Year Built

1940

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

260010439SD

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

About This Property

An exceptional opportunity in the highly desirable area of University Heights. Experience savoring breathtaking views from your own private sanctuary, nestled on a canyon on a spacious half-acre lot, offering a perfect blend of privacy and natural surroundings in the heart of the city. The property features an array of appealing attributes, including an expansive paver stone driveway with an automatic gate with new motor and multiple outdoor areas, such as a trellis-covered porch, a gated custom stone patio, and a Trex decking patio positioned on the hillside, all surrounded by majestic Eucalyptus trees. Inside, you'll find a completely remodeled kitchen and baths, new interior paint, and LVP flooring throughout, along with LED recessed lighting, new water heater, central A/C, whole house fan, a 200-amp electrical panel, a wine cellar, dual-pane windows, 4 skylights, 2 fireplaces, and a charming built-in cabin bunk with its own porthole. Step into the inviting master ensuite with its separate laundry and French doors leading to a private balcony deck offering stunning views of the endless canyon. Conveniently located just one block from the Vermont Street Bridge, Hillcrest's Farmers Market, Park Boulevard eateries, and popular destinations such as Balboa Park, San Diego Zoo, and nearby freeway access. Architectural plans/renderings for addition/remodel and ADU are available upon request.

Mortgage Calculator

Est. Monthly Payment

$9,833

Principal & Interest$7,833
Property Tax$1,549
Insurance$452
%($309,800)
%

Location

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Investment Score

5D
Est. Monthly Rent
$5,169
Monthly Cashflow

Rent − PITIA

$-4,665
Full Cashflow

Incl. vacancy, PM, maint, capex

$-7,144

Mortgage (P+I)
$7,833
Cap Rate
0.53%
Cash-on-Cash
-27.67%
DSCR

Need ≥ 1.25 for DSCR loan

0.53
Break-even Rent
$14,447

NOI (Annual)
$8,260
Price-to-Rent

Lower = better for investors

25.0

* 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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