CA > San Diego
San Diego, CA 92154,1384 Frauline Drive
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San Diego, CA 92154,1384 Frauline Drive
San Diego, CA 92154,1384 Frauline Drive
San Diego, CA 92154,1384 Frauline Drive
San Diego, CA 92154,1384 Frauline Drive
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Nicole Van Parys & Gary Nesen

Nicole Van Parys & Gary Nesen

+1(805) 795-1880
Listed by Matthew DeLine • Keller Williams Realty
$ 705,000
Est. payment /mo
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Active

1384 Frauline Drive San Diego, CA 92154

3 Beds

2 Baths

1,444 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,444 sqft

Price per Sqft $488

MLS Listing ID 8N-2507088

Bedrooms 3

Full Baths 2

Year Built 1980

Lot Size 5,227 Sqft

Property Sub-Type Single Family Residence

Property Description

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.

Location

State CA

County San Diego

Area 92154 - Otay Mesa

Zoning R-1:SINGLE FAM-RES

Interior

Cooling Central Air

Fireplaces Type None

Laundry In Garage

Exterior

Garage Spaces 2.0

Pool None

Community Features Curbs, Sidewalks, Suburban

View Y/N Yes

Building

Lot Description Front Yard, Lawn, Level, Back Yard

Sewer Public Sewer

Others

Virtual Tour https://www.propertypanorama.com/instaview/crmls/NDP2507088

agent

Nicole Van Parys & Gary Nesen

License Partners, Private Office Advisors | License ID: 01108944

+1(805) 795-1880

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1384 Frauline Drive