Investment Opportunity – Excellent chance to acquire four single-story investment homes, each leased by a national leader in care services for individuals with disabilities. All four properties to be sold and purchased as a bundle. Each home generates $42,303 in annual rental income for a total of $169,212 per year and a 3% annual increases per year. The 5-year lease is backed by a strong national adult care facility, ResCare Bright Spring. Tenant is responsible for utilities, general maintenance, and landscaping. The property owner is responsible for structural maintenance. Bundle Price for all 4 properties: $2,820,000. Please see MLS# NDP2507086 for all four residential income listing. Addresses: 1384 Frauline Dr, San Diego; 1382 Tobias Dr, Chula Vista; 1805 Ionian St, San Diego; 5979 Harps Ct, San Diego.
Property Details
Price:
$705,000
MLS #:
NDP2507089
Status:
Active
Beds:
4
Baths:
2
Address:
1805 Ionian Street
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
92154otaymesa
City:
San Diego
Listed Date:
Jun 25, 2025
State:
CA
Finished Sq Ft:
1,269
ZIP:
92154
Lot Size:
6,098 sqft / 0.14 acres (approx)
Year Built:
1961
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Schools
School District:
Sweetwater Union
Interior
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Laundry Features
In Garage
Exterior
Community Features
Curbs, Sidewalks, Suburban
Parking Spots
2.00
Financial
Map
Community
- Address1805 Ionian Street San Diego CA
- Area92154 – Otay Mesa
- CitySan Diego
- CountySan Diego
- Zip Code92154
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1805 Ionian Street
San Diego, CA
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