1018 Johnson Ave
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1018 Johnson Ave

D

San Diego, CA 92103

$1,499,000
NEW — 3d

Beds

2

Baths

2

Sqft

1,214

Year Built

1940

Days on Market

3

Property Type

Single Family

HOA/mo

N/A

MLS ID

260013660SD

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

About This Property

Rare Canyon-View Retreat on oversized lot in the Heart of University Heights. Overlooking a picturesque canyon, this one-of-a-kind property offers an extraordinary combination of privacy, tranquility, and urban convenience. Enjoy sweeping panoramic views and multiple outdoor living spaces designed to embrace Southern California living, including a trellis-covered front porch, custom stone patio, expansive Trex-view deck perched on the hillside, and a gated paver-stone driveway with an automatic gate and new motor. Inside, the home has been thoughtfully updated with a remodeled kitchen and beautifully renovated bathrooms, luxury vinyl plank flooring, LED recessed lighting, dual-pane windows, and four skylights that fill the home with natural light. Additional upgrades include central A/C, a whole-house fan, new water heater, 200-amp electrical panel, and two fireplaces. The spacious primary suite serves as a private retreat, featuring its own laundry area, French doors opening to a secluded view balcony, and breathtaking canyon vistas. Unique character abounds throughout the home, including a temperature-controlled wine cellar and a charming built-in cabin-style bunk complete with a porthole window. Ideally located just moments from the Vermont Street Bridge, Hillcrest Farmers Market, Park Boulevard’s vibrant dining scene, Balboa Park, the San Diego Zoo, and major freeway access. Architectural plans and renderings for a future addition, remodel, and ADU are available upon request.

Mortgage Calculator

Est. Monthly Payment

$9,516

Principal & Interest$7,580
Property Tax$1,499
Insurance$437
%($299,800)
%

Location

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Investment Score

0D
Est. Monthly Rent
$3,957
Monthly Cashflow

Rent − PITIA

$-5,559
Full Cashflow

Incl. vacancy, PM, maint, capex

$-7,718

Mortgage (P+I)
$7,580
Cap Rate
-0.11%
Cash-on-Cash
-30.89%
DSCR

Need ≥ 1.25 for DSCR loan

0.42
Break-even Rent
$13,980

NOI (Annual)
$-1,659
Price-to-Rent

Lower = better for investors

31.6

* 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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