OUR AGENTS' LISTINGS

1059-61 Johnson Ave
Metro Uptown San Diego 92103

$1,750,000
2-4 Units 7,292 sq. ft. built: 1920

Main Photo: UNIVERSITY HEIGHTS Property for sale: 1059-61 Johnson Ave in San Diego
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Status:
Active
Prop. Type:
2-4 Units
MLS® Num:
210000865
Year Built:
1920
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!
Total Floor Area:
7,292 sq. ft.
Lot Size:
4,000-7,499 SF
Number of Buildings:
2
Number of Units:
2
Year Built:
1920
Stories:
1 Story
Total Stories:
1
Market Area:
Metro Uptown
Community:
UNIVERSITY HEIGHTS
County:
San Diego
Neighborhood Code:
University Heights
Name of Complex/Subdivision:
1059-61 Johnson
Home Owner Fees:
0.0
Mello Roos Fee:
0.0
Monthly Total Fees:
0.0
Other Fees:
0.0
Tenant pays:
Other/Remarks
Projected net operating income:
128200
Other income:
0
Annual expense actual:
31800
Cap Rate.:
6.1
Projected Cap Rate.:
7.3
Gross Rent Multiplier:
12.5
Projected Gross Rent Multiplier:
10.9
Gross scheduled income:
140000
Projected gross scheduled income:
160000
Unit Number for Unit 1:
1059
Finished Area for Unit 1:
1,150 sq. ft.
Bedrooms for Unit 1:
3
Number of bathrooms for Unit 1:
2
Full Bathrooms for Unit 1:
1
Half Bathrooms for Unit 1:
1
Deposit for Unit 1:
0.0
Total Rent for Unit 1:
5833.0
Projected Rent for Unit 1:
6666.0
Total Garage Spaces for Unit 1:
1
Garage for Unit 1:
Detached
Parking for Unit 1:
Tandem
Unit 1 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 1:
Yes
Unit Number for Unit 2:
1061
Finished Area for Unit 2:
1,200 sq. ft.
Bedrooms for Unit 2:
3
Number of bathrooms for Unit 2:
2
Full Bathrooms for Unit 2:
2
Half Bathrooms for Unit 2:
0
Deposit for Unit 2:
0.0
Total Rent for Unit 2:
5833.0
Projected Rent for Unit 2:
6666.0
Total Garage Spaces for Unit 2:
1
Garage for Unit 2:
Attached
Unit 2 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 2:
Yes
Number of bathrooms for Unit 3:
0
Number of bathrooms for Unit 4:
0
Lincoln Ave
Exterior Features:
Stucco, Wood
Cooling:
None
Number of Units with Cooling:
0
Number of Units with Dishwashers:
2
Number of Units with Dryers:
2
Number of Units with Fireplaces:
2
Number of Furnished Units:
0
Number of Units with Garages:
2
Number of Units with Patios:
2
Number of Units with Range/Oven:
2
Number of Units with Refrigerators:
2
Number of Units with Washers:
2
Roof:
Composition
Security:
N/K
Fencing:
Partial
Topography:
Level
Short Sale:
No
Listing Type:
Exclusive Right (R)
Age Restrictions:
N/K
Sales Restrictions:
N/K
Terms:
Cash, Conventional
Parcel Number:
444-371-07-00
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Data was last updated January 24, 2021 at 01:10 AM (UTC)
Area Statistics
Listings on market:
64
Avg list price:
$1,150,000
Min list price:
$510,000
Max list price:
$2,675,000
Avg days on market:
52
Min days on market:
1
Max days on market:
359
Avg price per sq.ft.:
$206.17
These statistics are generated based on the current listing's property type and located in Metro Uptown. Average values are derived using median calculations.