$705,000

Estimated payment $4,438/month

Total Views 133
4 Beds
2 Baths
1,880 Sq Ft
$375 Price per Sq Ft

Highlights

  • No HOA
  • Cul-De-Sac
  • Laundry Room
  • Neighborhood Views
  • 2 Car Attached Garage
  • Central Air

About This Home

Investment Opportunity - Excellent chance to acquire four single-story investment homes, each leased by a national leader in care services for individuals with disabilities. All four properties to be sold and purchased as a bundle. Each home generates $42,303 in annual rental income for a total of $169,212 per year and a 3% annual increases per year. The 5-year lease is backed by a strong national adult care facility, ResCare Bright Spring. Tenant is responsible for utilities, general maintenance, and landscaping. The property owner is responsible for structural maintenance. Bundle Price for all 4 properties: $2,820,000. Please see MLS# NDP2507086 for all four residential income listing. Addresses: 1384 Frauline Dr, San Diego; 1382 Tobias Dr, Chula Vista; 1805 Ionian St, San Diego; 5979 Harps Ct, San Diego.

Listing Agent

Matthew DeLine

Keller Williams Realty Brokerage Email: matt@delinerealty.com License #01709463 Listed on: 07/18/2025

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,392

Year Built

  • Built in 1986

Lot Details

  • 8,276 Sq Ft Lot
  • Cul-De-Sac
  • Back and Front Yard
  • Property is zoned R-1:SINGLE FAM-RES

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 1,880 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Neighborhood Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Air
  • No Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Tract Number 9432
  • Assessor Parcel Number 5496511100
  • Seller Considering Concessions

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,392

Year Built

Built in 1986

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: R-1:SINGLE FAM-RES
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5496511100
  • Year Built: 1986
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1880.00
  • Stories: 1
  • Entry Location: main
  • Common Walls: No Common Walls
  • Appliances: No
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 4
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 375.00
  • Room Type: Kitchen, Living Room

Exterior Features

  • View: Neighborhood
  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: No
  • Heating: No
  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Schools

  • School District: San Diego Unified

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Cul-De-Sac, Front Yard
  • Lot Size Sq Ft: 8276.40
  • Lot Size Acres: 0.1900

Multi Family

  • Lease Considered: No
  • Lot Size Area: 0.1900 Acres
  • Number Of Units In Community: 1

Tax Info

  • Tax Tract Number: 009432

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,392 $517,595 $304,470 $213,125
2023 $6,250 $507,447 $298,500 $208,947
2022 $6,084 $497,498 $292,648 $204,850
2021 $6,043 $487,744 $286,910 $200,834
2020 $5,970 $482,744 $283,969 $198,775
2019 $5,864 $473,279 $278,401 $194,878
2018 $3,430 $289,279 $170,165 $119,114
2017 $3,349 $283,608 $166,829 $116,779
2016 $3,295 $278,048 $163,558 $114,490
2015 $3,246 $273,873 $161,102 $112,771
2014 $3,196 $268,509 $157,947 $110,562
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2025 07/18/25 For Sale $705,000 -75.0% $375 / Sq Ft
07/18/2025 07/18/25 For Sale $2,820,000 +507.8% $1,500 / Sq Ft
02/28/2018 02/28/18 Sold $464,000 -76.3% $77 / Sq Ft
01/22/2018 01/22/18 Pending -- -- --
11/30/2017 11/30/17 Price Changed $1,959,000 -1.0% $324 / Sq Ft
11/20/2017 11/20/17 Price Changed $1,979,000 -0.7% $327 / Sq Ft
11/10/2017 11/10/17 For Sale $1,992,000 -- $329 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Grant Deed $464,000 Chicago Title Company
Grant Deed $255,000 Chicago Title Company
Interfamily Deed Transfer -- Commonwealth Land Title Co
Grant Deed $513,000 Commonwealth Land Title Co
Grant Deed $163,000 First American Title Company
Deed $94,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $322,000 Adjustable Rate Mortgage/ARM
Previous Owner $266,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $204,000 Unknown
Previous Owner $410,400 Unknown
Previous Owner $351,200 Unknown
Previous Owner $270,487 Unknown
Previous Owner $80,000 Credit Line Revolving
Previous Owner $194,000 Unknown
Previous Owner $166,158 VA
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2507091

California Regional Multiple Listing Service (CRMLS)

APN: 549-651-11