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Executive Summary

EXCELLENT INVESTMENT OPPORTUNITY IN UNIVERSITY HEIGHTS. This 864 sq. ft. duplex sits on a 2,722 sq. ft. lot and consists of two separate 1-bedroom, 1-bathroom apartments, making it an attractive opportunity for investors. The property is located in University Heights, close to the Vermont Street Pedestrian Bridge, as well as numerous shops, restaurants, entertainment venues, and the vibrant Hillcrest neighborhood. It is also conveniently located near several major hospitals and just minutes from popular attractions such as the San Diego Zoo. The upstairs unit is fully remodeled and features fresh paint throughout, new flooring, new gas stove and range hood, upgraded cabinets and counter tops, mirrored closet doors, new ceiling fans and upgraded lighting, new wall heaters, electric washer and dryer hookups, spacious private patio deck, small bedroom balcony and storage shed. The downstairs unit is a fixer opportunity which requires a full remodel but features a large private deck, attached garage, long driveway with parking for up to 4 cars and washer and dryer hookups.
Investment Highlights: Both units will be delivered vacant, allowing the buyer to place their own tenants and establish market rents and lease terms. Prime central location near dining, nightlife, medical centers, and major San Diego attractions.

Property Facts

Price $1,075,000
Price Per Unit $537,500
Sale Type Investment
Sale Condition High Vacancy Property
No. Units 2
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.59 AC
Building Size 864 SF
Average Occupancy 0%
No. Stories 2
Year Built/Renovated 1925/2025
Zoning RM-1-1 - Residential Multi-Family Zoning

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 2 - -
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
444-590-25
Land Assessment
$816,000
Improvements Assessment
$102,000
Total Assessment
$918,000
  • Listing ID: 39682524

  • Date on Market: 3/5/2026

  • Last Updated:

  • Address: 1005 Lincoln Ave, San Diego, CA 92103

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