1056 Lincoln Ave

1056 Lincoln Ave

D

San Diego, CA 92103

$1,979,000

Soft Appraisal Value: $1,929,400 · 2.6% above estimate

Beds

4

Baths

3

Sqft

2,396

Year Built

1938

Days on Market

15

Property Type

Single Family

HOA/mo

N/A

MLS ID

260005333SD

View on MLS

Description

Beautiful 3 bed 2 bath home plus 728 sf 1 bed 1 bath ADU on a large parklike lot in University Heights with development potential! This beautifully designed home on a quiet dead end street feels like you are living in Balboa Park. The home features a spacious light filled living area with large open concept kitchen with island, pantry, and spacious dining room all opening to a large back deck overlooking the grounds. Additional features include quartz counters, all wood cabinets, professional grade appliances, a spacious primary suite with huge walk in closet and en-suite bathroom, low flow plumbing fixtures, LED lights, and spa like bathrooms. The large 1 bedroom unit below with it's own entrance is the perfect income property a high demand area, guest home or in-laws suite with it's own patio, walk in closet, and large kitchen. The icing on the cake is the large terraced backyard that make for the perfect garden or possibly potential for development of future units! A truly rare property!

Mortgage Calculator

Est. Monthly Payment

$12,563

Principal & Interest$10,007
Property Tax$1,979
Insurance$577
%($395,800)
%

Investment Score

6D
Est. Monthly Rent
$7,644
Monthly Cashflow

Rent − PITI − HOA

$-4,919
Full Cashflow

Incl. vacancy, PM, maint, capex

$-8,326

Mortgage (P+I)
$10,007
Cap Rate
1.02%
Cash-on-Cash
-14.91%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.61
Break-even Rent
$12,563

NOI (Annual)
$20,169
Price-to-Rent

Lower = better for investors

21.6

* 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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