$950,000
$25K PRICE DROP

Estimated payment $6,197/month

Total Views 7,891
4 Beds
2 Baths
1,760 Sq Ft
$540 Price per Sq Ft

Highlights

  • Partially Fenced Property
  • Level Lot
  • 1-Story Property

About This Home

2 Homes on One Lot – Prime Investment Opportunity! Don’t miss this chance to own two well-maintained homes on one lot in a highly desirable, up-and-coming neighborhood just minutes from SDSU. Perfectly positioned in a high-demand rental area, this property offers strong income potential and long-term value. Each home features its own private yard with clean finishes and solid construction, minimizing upkeep and maximizing profitability from day one. Whether you're a savvy investor or looking to live in one and rent the other, this is a smart, investment opportunity in a rapidly growing area.

Listing Agent

Benjamin Schmid

FLS & Associates License #01962520 Listed on: 05/17/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1934

Lot Details

  • Partially Fenced Property
  • Level Lot

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 469-060-15-00

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • 2 On 1 Community

Building Details

  • Net Operating Income $40,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1934

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Mohawk and 72nd
  • Neighborhood: La Mesa Colony
  • Stories: 1 Story
  • Total Stories: 1
  • Year Built: 1934
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Cooling: Wall/Window
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Forced Air Unit, Wall/Gravity

Condo/Co-op/Association

  • Complex Name: 2 on 1
  • Community: SAN DIEGO
  • Manager Name: Benjamin
  • Manager Phone: 619-646-7556

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Site: Public Street
  • Topography: Level, Slope Gentle
  • Assessor Parcel Number: 469-060-15-00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane, Hot Water, Trash, Water

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 40500
  • Gross Rent Multiplier Actual: 18.06
  • Gross Sched Income Actual: 54000
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

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

Property History

Date Event Price Change Sq Ft Price
07/03/2025 07/03/25 Price Changed $950,000 -2.6% $540 / Sq Ft
05/17/2025 05/17/25 For Sale $975,000 -- $554 / Sq Ft
Source: San Diego MLS

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Source: San Diego MLS

MLS Number: 250027829

San Diego MLS