Incredible Investment Opportunity in University Heights!! This exceptional 5-unit income property is located in one of San Diego’s most desirable and centrally located neighborhoods. The front residence is a beautifully remodeled detached single-family home featuring 1 spacious bedroom, 2 full bathrooms, stylish finishes, and a thoughtfully updated interior that blends modern design with timeless charm. Set back from the street for privacy, this home offers the perfect blend of comfort and sophistication. Behind the main residence, you'll find four brand new construction 1-bedroom, 1-bath units, each designed with quality craftsmanship and modern aesthetics. These light-filled units feature contemporary kitchens, in-unit laundry hookups, and efficient layouts that make them highly desirable rental units for professionals and urban dwellers alike. Located just minutes from downtown San Diego, Little Italy, Balboa Park, and Hillcrest, this property offers unbeatable access to dining, shopping, cultural attractions, and major freeways. Whether you're looking to live in one unit and rent the others or seeking a solid income-producing asset in a prime location, this turnkey property checks all the boxes. Don’t miss this rare chance to own a high-demand, low-maintenance property in the heart of Mission Hills!
Off market
Listing Provided by:
$2,186,900
1235-1239 Lincoln Ave, San Diego, CA 92103
--beds
--baths
820sqft
Multi Family
Built in 2025
-- sqft lot
$2,186,900 Zestimate®
$2,667/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: October 10, 2025 at 04:11pm
Source: CRMLS,MLS#: NDP2508574
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)

Facts & features
Interior
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Inside, Stacked
Features
- Has fireplace: No
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 820
- Total interior livable area: 820 sqft
Property
Features
- Entry location: Ground Floor
- Pool features: None
Lot
- Size: 4,142 sqft
- Features: Landscaped, Level
Details
- Parcel number: 4454800800
- Zoning: Multi
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: Yes
- Year built: 2025
Utilities & green energy
- Sewer: Public Sewer
Community & neighborhood
Community
- Community features: Street Lights, Sidewalks, Urban
Location
- Region: San Diego
HOA & financial
Other financial information
- Total actual rent: 12300
Other
Other facts
- Listing terms: Cash,Cash to New Loan,1031 Exchange
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Estimated market value
$2,186,900