1384 Frauline DR, San Diego, CA 92154
- $2,820,000
- 3
- BD
- 2
- BA
Listed by Matthew DeLine, 619-736-0226 from Keller Williams Realty
(If provided) CoList: from
Sold listing courtesy of Matthew DeLine from
- Sold Price
- $2,820,000
- List Price
- $704,999
- Closing Date
- Nov 19, 2025
- MLS#
- CRNDP2507088
- Status
- SOLD
- Levels
- One Story
- Bedrooms
- 3
- Total Bathrooms
- 2
- Full Bathrooms
- 2
- Listing Area
- 92154 - Otay Mesa
- Year Built
- 1980
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.
Additional Information
- Acres
- 0.12
- Age
- 45
- Bedroom Description
- Ground Floor Bedroom
- Cooling System
- Central AC
- Fireplace Description
- None
- Laundry Facilities
- In Garage
- Levels
- One Story
- Lot Description
- Grade - Level
- Neighborhood
- 92154 - Otay Mesa
- Other Rooms
- Other
- Pool Description
- None
- Unincorporated Yn
- Yes
- View
- Neighborhood View
- Zoning
- R-1:SINGLE FAM-RES
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