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17009 Iron Springs Rd 3 Unit Apartment Building Offered at $749,000 at a 5.59% Cap Rate Julian, CA 92036
Investment Highlights
- Opportunity for residential living with income potential
- Located in highly desirable mountain community
- Opportunity for investment, 3 income producing properties
- San Diego County location
Executive Summary
Rare income producing opportunity in San Diego County! Make this your primary residence with multiple rental possibilities. This multi-unit property offers the potential for a buyer using conventional financing to offset a substantial portion of their monthly mortgage payment through rental income while enjoying ownership in one of Southern California’s most desirable mountain communities! 2.5 acres of gently sloping and highly usable land in Harrison Park just minutes from the historic townsite, this multi-family zoned property blends investment potential with peaceful mountain living. The main upper residence features 3 bedrooms and 2 bathrooms with a bright open-concept layout, spacious kitchen with island, large bedrooms, and a primary suite complete with a walk-in closet and relaxing jetted tub. The lower level offers a separate-entry 1 bedroom, 1 bathroom unit, plus a third unit, a 625 sq. ft. 1 bedroom, 1 bathroom apartment situated above the oversized detached 2-car garage—ideal for long-term tenants, short-term rental opportunities, guests, or multi-generational living. Designed with flexibility and functionality in mind, the property includes two electric meters, two propane accounts, private well plus shared well access, and an EV charging station in the garage. Surrounded by peaceful mountain scenery and abundant usable land, this is a rare chance to live, invest, and generate income in a truly special San Diego County setting.
Property currently generates immediate rental income of $1,800/month from an existing tenant, with the potential for an additional estimated $3,000–$3,500+ per month through rental of the remaining two units, based on average rental rates in the Julian area. At the current list price, a buyer utilizing conventional financing may have the opportunity to substantially offset monthly mortgage expenses through rental income, potentially covering much or all of the mortgage payment along with a portion of property taxes and insurance. Buyer to independently verify rental income potential and financing terms.
Listing or Co-listing agent to accompany all showings, call or text to schedule. Occupied apartment above garage to be shown by appointment with submitted offer only.
Property currently generates immediate rental income of $1,800/month from an existing tenant, with the potential for an additional estimated $3,000–$3,500+ per month through rental of the remaining two units, based on average rental rates in the Julian area. At the current list price, a buyer utilizing conventional financing may have the opportunity to substantially offset monthly mortgage expenses through rental income, potentially covering much or all of the mortgage payment along with a portion of property taxes and insurance. Buyer to independently verify rental income potential and financing terms.
Listing or Co-listing agent to accompany all showings, call or text to schedule. Occupied apartment above garage to be shown by appointment with submitted offer only.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Balcony
- Fireplace
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- Vaulted Ceiling
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Carpet
- Dining Room
- Double Pane Windows
- Family Room
- Freezer
- Island Kitchen
- Mud Room
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Guest Apartment
- Gas Range
- Car Charging Station
- Private Bathroom
- Individual Leases Available
- Smoke Detector
- Backup Power / Generators
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $2,600 | 1,800 |
| 1+1 | 1 | $1,200 | 450 |
| 1+1 | 1 | $1,800 | 625 |
Exceptionally drivable
90/100
Not bikeable
10/100
1 of 65
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
17009 Iron Springs Rd