About 1805 Ionian Street
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.
Features of 1805 Ionian Street
| MLS® # | NDP2507089 |
|---|---|
| Price | $704,999 |
| Bedrooms | 4 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,269 |
| Acres | 0.14 |
| Year Built | 1961 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Pending |
Community Information
| Address | 1805 Ionian Street |
|---|---|
| Area | 92154 - Otay Mesa |
| City | San Diego |
| County | San Diego |
| State | CA |
| Zip Code | 92154 |
Listing Map
Amenities
| Parking Spaces | 2 |
|---|---|
| # of Garages | 2 |
| View | Neighborhood |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Cooling | Central Air |
|---|---|
| Has Basement | No |
| Fireplace | Yes |
| Fireplaces | None |
| # of Stories | 1 |
| Stories | One |
Exterior
| Lot Description | Back Yard, Front Yard |
|---|
School Information
| District | Sweetwater Union |
|---|
Additional Information
| Date Listed | June 25th, 2025 |
|---|---|
| Days on Market | 80 |
| Zoning | R-1:SINGLE FAM-RES |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Matthew Deline |
|---|---|
| Office | Keller Williams Realty |