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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. This listing features all four homes and pictures of all. Addresses: 1384 Frauline Dr, San Diego; 1382 Tobias Dr, Chula Vista; 1805 Ionian St, San Diego; 5979 Harps Ct, San Diego.
Property Type(s):
Residential Income
| Last Updated | 8/21/2025 | Year Built | 1986 |
|---|---|---|---|
| Community | 92114 - Encanto | Garage Spaces | 2.0 |
| County | San Diego |
Price History
| Prior to Aug 21, '25 | $2,820,000 |
|---|---|
| Aug 21, '25 - Today | $2,819,999 |
Additional Details
| AREA | 92114 - Encanto |
|---|---|
| GARAGE | Yes |
| HEAT | None |
| LOT | 8468 sq ft |
| LOT DESCRIPTION | Back Yard, Cul-De-Sac, Front Yard |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
Location
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Listed with Keller Williams Realty
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.
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