www.dreamlivingsd.com/homes/113218668
1059-61
Johnson Ave
San Diego,
CA
92103
Neighborhood:
University Heights
Area:
Mission Hills (92103)
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
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
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
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
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