1235 1239 Lincoln Ave San Diego, CA 92103
Hillcrest NeighborhoodEstimated payment $16,116/month
Highlights
- New Construction
- No HOA
- Laundry Room
- Grant K-8 Rated A-
- Cooling System Mounted To A Wall/Window
- Landscaped
About This Home
Incredible Investment Opportunity in Mission Hills! Live in one and rent the other four with over $10k/month in rental income. This exceptional 5-unit income property is located in one of San Diego’s most desirable and centrally located neighborhoods. The front residence is a beautifully remodeled detached single-family home featuring 1 spacious bedroom, 2 full bathrooms, stylish finishes, and a thoughtfully updated interior that blends modern design with timeless charm. Set back from the street for privacy, this home offers the perfect blend of comfort and sophistication. Behind the main residence, you'll find four brand new construction 1-bedroom, 1-bath units, each designed with quality craftsmanship and modern aesthetics. These light-filled units feature contemporary kitchens, in-unit laundry hookups, and efficient layouts that make them highly desirable rental units for professionals and urban dwellers alike. Located just minutes from downtown San Diego, Little Italy, Balboa Park, and Hillcrest, this property offers unbeatable access to dining, shopping, cultural attractions, and major freeways. Whether you're looking to live in one unit and rent the others or seeking a solid income-producing asset in a prime location, this turnkey property checks all the boxes. Don’t miss this rare chance to own a high-demand, low-maintenance property in the heart of Mission Hills!
Listing Agent
Real Broker Brokerage Phone: 619-818-2610 License #01395241 Listed on: 07/03/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2025 | New Construction
Lot Details
- 4,142 Sq Ft Lot
- Two or More Common Walls
- Landscaped
- Level Lot
Home Design
- Property Attached
Interior Spaces
- 820 Sq Ft Home
- 2-Story Property
Laundry
- Laundry Room
- Stacked Washer and Dryer
Utilities
- Cooling System Mounted To A Wall/Window
- No Heating
Additional Features
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Tax Lot 9,10
- Assessor Parcel Number 4454800800
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 5 Units
Building Details
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 5 Separate Water Meters
- Insurance Expense $2,367
- Professional Management Expense $10,592
- Trash Expense $1,200
- New Taxes Expense $31,237
- Operating Expense $45,396
- Gross Income $156,000
- Net Operating Income $27,900
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/03/2025 07/03/25 | For Sale | $2,499,000 | -- | $3,048 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NDP2506587
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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