1239 Lincoln Ave - Multi-Family FOR SALE


San Diego, CA 92103- Uptown San Diego
$2,195,000 USD
858-761-2529
1239 Lincoln Ave, San Diego, CA for Sale
$2,195,000 USD
Multi-Family - FOR SALE
1/12

1239 Lincoln Ave
San Diego, CA 92103
Uptown San Diego


HIGHLIGHTS

  • Newly Constructed & Fully Renovated in 2025 with comprehensive interior and exterior upgrades.
  • Exempt from AB-1482 Rent Control measures for market-rate units for 15 years.
  • No Deed Restricted Units.
  • Impeccable University Heights Location and prime proximity to the 163, walking distance to Hillcrest Farmer's Market, cafes, boutiques, & transit.
  • Attractive Low-Maintenance Property poised for steady cash flow & appreciation in one of San Diego’s most supply-constrained submarkets.

OVERVIEW

We are pleased to present 1237–1239 Lincoln Avenue, a boutique five-unit multifamily community ideally located in the heart of San Diego’s University Heights neighborhood. Extensively renovated and constructed in 2025, the property showcases a blend of modernized interiors and functional layouts designed to meet the demands of today’s renters.The community features four (4) one-bedroom/one-bath apartments and one (1) single-family residence offering a one-bedroom/one-and-a-half-bath layout, providing a unique mix of rental options within a compact, low-maintenance setting. Each residence has been thoughtfully upgraded with new finishes, refreshed kitchens and baths, in-unit washer and dryers, heating and cooling systems, luxury vinyl flooring, and modern fixtures to enhance comfort and appeal. Nestled just minutes from Balboa Park, Hillcrest, North Park, and Downtown San Diego, the property enjoys exceptional walkability and connectivity to major employment centers, local retail, and dining destinations. Its central location and strong rental fundamentals make it an ideal choice for tenants seeking quality housing in one of San Diego’s most desirable neighborhoods.With its comprehensive renovations, well-balanced unit mix, and prime location, 1237–1239 Lincoln Avenue presents investors with a turnkey opportunity to acquire a stable, income-producing asset in a supply-constrained, high-demand submarket.

FOR SALE DETAILS

PRICE

$2,195,000 USD

# OF UNITS

5

PRICE/UNIT

$439,000

CAP RATE

4.51%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

-

APN/PARCEL ID

445-480-08-00

ASK ABOUT THIS PROPERTY

Austin Ray HuffmanMarcus & MillichapMore Info
858-761-2529

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Austin Ray HuffmanMarcus & MillichapMore Info
858-761-2529

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