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.
For sale
Listing Provided by:
Matthew DeLine DRE #01709463 matt@delinerealty.com,
Keller Williams Realty
$705,000
1805 Ionian St, San Diego, CA 92154
4beds
1,269sqft
Est.:
Single Family Residence
Built in 1961
6,098.4 Square Feet Lot
$714,300 Zestimate®
$556/sqft
$-- HOA
What's special
- 19 days
- on Zillow |
- 1,556 |
- 146 |
Zillow last checked: 7 hours ago
Listing updated: July 18, 2025 at 12:04pm
Listing Provided by:
Matthew DeLine DRE #01709463 matt@delinerealty.com,
Keller Williams Realty
Source: CRMLS,MLS#: NDP2507089
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Kitchen, Living Room
Cooling
- Central Air
Appliances
- Laundry: In Garage
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,269 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: main
- Pool features: None
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 6,098.4 Square Feet
- Features: Back Yard, Front Yard
Details
- Parcel number: 6332630800
- Zoning: R-1:SINGLE FAM-RES
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- Year built: 1961
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Features: Curbs, Suburban, Sidewalks
Location
- Region: San Diego
Financial & listing details
- Price per square foot: $556/sqft
- Tax assessed value: $529,865
- Annual tax amount: $6,196
- Date on market: 7/18/2025
- Listing terms: Cash,Conventional
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