1005 Lincoln Ave - Apartments FOR SALE


San Diego, CA 92103- Uptown San Diego
$1,075,000 USD
559-281-7137
1005 Lincoln Ave, San Diego, CA for Sale
$1,075,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

1005 Lincoln Ave
San Diego, CA 92103
Uptown San Diego


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,075,000 USD

PRICE/SF

$1,244 USD /SF

# OF UNITS

2

PRICE/UNIT

$537,500

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2 Unit Duplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

RM-1-1

APN/PARCEL ID

444-590-25

ASK ABOUT THIS PROPERTY

Paul FrancoBRICKSIDE REAL ESTATEMore Info
559-281-7137

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Paul FrancoBRICKSIDE REAL ESTATEMore Info
559-281-7137

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.