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2 Unit Duplex 1005 Lincoln Ave 2 Unit Apartment Building $1,075,000 ($537,500/Unit) San Diego, CA 92103



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.
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 | Apartment Style | Low-Rise |
| Price Per Unit | $537,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.59 AC |
| Sale Condition | High Vacancy Property | Building Size | 864 SF |
| No. Units | 2 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1925/2025 |
| Zoning | RM-1-1 - Residential Multi-Family Zoning | ||
| 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 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 444-590-25 | Improvements Assessment | $102,000 |
| Land Assessment | $816,000 | Total Assessment | $918,000 |
Property Taxes
Parcel Number
444-590-25
Land Assessment
$816,000
Improvements Assessment
$102,000
Total Assessment
$918,000
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2 Unit Duplex | 1005 Lincoln Ave
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