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215-217 Willie James Jones Ave

San Diego, CA 92102
  • $1,699,000 - $1,999,000
  • STATUS: ACTIVE
  • ON SITE: 80 Days
  • ID#: 240026196
Price Reduced
UPDATED: 236 min ago
$1,699,000 - $1,999,000
  • 14
    BEDS
  • N/A
    ACRES
  • 7
    BATHS
  • 0
    1/2 BATHS
  • 5,500
    SQFT
  • $363
    $/SQFT
Neighborhood:
Lincoln Park
Type:
Multi-Family
Built:
1960
County:
San Diego
Area:
San Diego (92102)

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Description

Unique Investment Opportunity! 3 4-bedroom brand new units built in 2021 with new plumbing, electrical, roofing, etc and a 2-bedroom existing unit completely remodeled fully rented with a great cap rate and the potential to increase all rents. This is an investor's dream: seller had submitted plans for 18 additional units on this lot. Plans are already in review. Buyer can cash flow while building the additional units! Schematic plans attached here. Full plans available upon request.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.callstein.com/homes/157599016
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215-217 Willie James Jones Ave San Diego, CA 92102

  • Price: $1,699,000 - $1,999,000
  • Status: ACTIVE
  • On Site: 80 Days
  • Updated: 236 min ago
  • ID#: 240026196
14
Beds
7
Baths
0
½ Baths
N/A
Acres
5,500
SQFT
$363
$/SQFT
1960
Built
Neighborhood:
Lincoln Park
County:
San Diego
Area:
San Diego (92102)
Property Description
Unique Investment Opportunity! 3 4-bedroom brand new units built in 2021 with new plumbing, electrical, roofing, etc and a 2-bedroom existing unit completely remodeled fully rented with a great cap rate and the potential to increase all rents. This is an investor's dream: seller had submitted plans for 18 additional units on this lot. Plans are already in review. Buyer can cash flow while building the additional units! Schematic plans attached here. Full plans available upon request.
Exterior Features

Exterior Stucco Fencing Gate Frontage N/K Irrigation N/K Parking For RV EnclosedOn-Site ParkingPotential Space Parking Garage Desc Unit1 N/K Parking Garage Desc Unit2 N/K Parking Garage Desc Unit3 N/K Parking Garage Desc Unit4 N/K Parking Garage Spaces Unit1 0 Parking Garage Spaces Unit2 0 Parking Garage Spaces Unit3 0 Parking Garage Spaces Unit4 0 Parking Non Garage Desc Unit1 Assigned Parking Non Garage Desc Unit2 Assigned Parking Non Garage Desc Unit3 Assigned Parking Non Garage Desc Unit4 Assigned Pool N/K Pool Heat None Known Roof Composition Site N/K Spa N/K Spa Heat None Known Topography Level Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 0 Units With Patios 2 View N/K

Interior Features

Cooling Other/Remarks Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Equipment Forced Air Unit Heat Source Electric Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 2 Total Baths Unit3 2 Total Baths Unit4 2 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Unit4 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 3 Units With Dryers 4 Units With Fireplaces 1 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 4 Water Heater Type Electric

Property Features

Actual Cap Rate 4.5 Age Restrictions N/K Annual Expense Actual 11900 Annual Expense Projected 14900 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Community SAN DIEGO Complex Park NK Cross Streets Imperial Ave Gross Rent Multiplier Actual 20.0 Gross Rent Multiplier Project 17.75 Gross Scheduled Income Actual 119640 Gross Scheduled Income Project 132600 Home Owners Assoc Fee Includes N/K Mandatory Remarks None Known Mandatory Remarks For Value Range Pricing Seller will Entertain Offers between $1699000 - $1999000 Market Area Metro Central Miscellaneous N/K Monthly Total Fees 0 Net Operating Income Projected 117700 Other Fee Type N/K Other Fees 0.0 Other Income Actual 0 Possession Close of Escrow Projected Cap Rate 5.0 Projected Other Income 0.0 Sales Restrictions N/K Security Gated Community Sewer Septic Sewer Connected Short Sale No Telecommunications N/K Tenant Pays SewerElectricityGas/Propane Terms Cal VetCashConventionalFHAVA Unit Number For Unit1 217 Unit Number For Unit2 215 A Unit Number For Unit3 215 B Unit Number4 215 C Unit1 Deposit 1800 Unit1 Occupied Tenant Unit1 Projected Rent 2200.0 Unit1 Rent Actual 1800.0 Unit2 Deposit 2475 Unit2 Occupied Tenant Unit2 Projected Rent 2950.0 Unit2 Rent Actual 2475.0 Unit3 Deposit 3500 Unit3 Occupied Tenant Unit3 Projected Rent 2950 Unit3 Rent Actual 2950.0 Unit4 Deposit 2695 Unit4 Occupied Tenant Unit4 Projected Rent 2950 Unit4 Rent Actual 2695.0 Water Meter on Property

San Diego MLS logo Listing provided courtesy of Amar Harrag of Allied Green Realty: 619-573-0289. Listing information © 2025 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
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