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    1059-61 Johnson Ave

    San Diego, CA 92103
    • $1,750,000
    • STATUS: ACTIVE
    • ON SITE: 4 days
    • ID#: 210000865
    New On Site 4 Days Ago
    UPDATED: 45 min ago
    $1,750,000
    • 6
      BEDS
    • 0.17
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 2,350
      SQFT
    • $745
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1920
    County:

    School Ratings & Info

    Description

    Incredible investment opportunity with income already being generated on this 2 unit lot. The property has been newly remodeled and includes (2) detached 3 bedroom units - each with their own garage, private outdoor yard space with fire table and washer/dryer. All of this located in a great neighborhood within walking distance to Hillcrest's best restaurants, coffee shops, entertainment and a short drive to Balboa Park, the San Diego Zoo, Downtown/Little Italy and the beaches!

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.talechia.com/homes/113218668
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    1059-61 Johnson Ave San Diego, CA 92103

    • Price: $1,750,000
    • Status: ACTIVE
    • Updated: 45 min ago
    • ID#: 210000865
    6
    Beds
    3
    Baths
    0
    ½ Baths
    0.17
    Acres
    2,350
    SQFT
    $745
    $/SQFT
    1920
    Built
    Neighborhood:
    University Heights
    County:
    San Diego
    Area:
    Mission Hills (92103)
    Property Description
    Incredible investment opportunity with income already being generated on this 2 unit lot. The property has been newly remodeled and includes (2) detached 3 bedroom units - each with their own garage, private outdoor yard space with fire table and washer/dryer. All of this located in a great neighborhood within walking distance to Hillcrest's best restaurants, coffee shops, entertainment and a short drive to Balboa Park, the San Diego Zoo, Downtown/Little Italy and the beaches!
    Exterior Features

    Exterior StuccoWood Fencing Partial Parking Garage Desc Unit1 Detached Parking Garage Desc Unit2 Attached Parking Garage Spaces Unit1 1 Parking Garage Spaces Unit2 1 Parking Non Garage Desc Unit1 Tandem Roof Composition Topography Level Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 2 Units With Patios 2

    Interior Features

    Cooling N/K Furnished Units 0 Half Baths Unit1 1 Half Baths Unit2 0 Stories 1 Story Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 2 Units With Dryers 2 Units With Fireplaces 2 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 2

    Property Features

    Actual Cap Rate 6.1 Age Restrictions N/K Annual Expense Actual 31800 Association ID San Diego Association Of Realtors (Sdar) Buildings 2 Cfd Mello Roos Fee 0.0 Community University Heights Complex Park 1059-61 Johnson Cross Streets Lincoln Ave Gross Rent Multiplier Actual 12.5 Gross Rent Multiplier Project 10.9 Gross Scheduled Income Actual 140000 Gross Scheduled Income Project 160000 Home Owners Fees 0.0 Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Net Operating Income Projected 128200 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 7.3 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays Other/Remarks Terms CashConventional Unit Number For Unit1 1059 Unit Number For Unit2 1061 Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Projected Rent 6666.0 Unit1 Rent Actual 5833.0 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Projected Rent 6666.0 Unit2 Rent Actual 5833.0

    Listing provided courtesy of Compass. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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