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1805 Ionian St, San Diego, CA 92154

List Price: $705,000On Market FlagOn market
Jul 18, 20251,269 sqft4 beds2 baths
Listed by: Matthew DeLine
License #: 01709463
Phone #: 619-736-0226
Keller Williams Realty
Source:
CRMLS Logo
MLS #: NDP2507089

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.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$11,826

TurboHome Estimated Value

$746,700

$588 sqft

High Valuation
$784,035
$618/sqft
Normal Valuation
$746,700
$588/sqft
Low Valuation
$709,365
$559/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$588/sqft$746,700

Neighborhood: Egger Highlands

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Comparative Value

$705K

$760K

$775K

$850K

$868K

1805 Ionian St, San Diego, CA 92154

List Price: $705,000

Subject Property

1784 Ionian St, San Diego, CA 92154

Sale Price: $760,000

Selected Comparable

1730 Thelborn Way, San Diego, CA 92154

Sale Price: $775,000

Selected Comparable

1585 Halo St, San Diego, CA 92154

Sale Price: $850,000

Selected Comparable

1861 Thelborn Way, San Diego, CA 92154

Sale Price: $855,000

Selected Comparable

1422 Thermal Ave, San Diego, CA 92154

Sale Price: $868,400

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
1805 Ionian St, San Diego, CA 92154

1805 Ionian St, San Diego, CA 92154

List: $705,000

Listed: 7/18/2025

Area:1,269 sqft
Price/sqft:$556
Beds:4
Baths:2
Year Built:
Lot Size:6,000

Comparable Properties

COMPARABLE
Choose comps
1730 Thelborn Way, San Diego, CA 92154

1730 Thelborn Way, San Diego, CA 92154

Sale: $775,000

1/2/20250.24 mi

Area:1,336 sqft
Price/sqft:$580
Beds:4
Baths:2
Year Built:
Weight:22.5%
1422 Thermal Ave, San Diego, CA 92154

1422 Thermal Ave, San Diego, CA 92154

Sale: $868,400

7/7/20250.14 mi

Area:1,700 sqft
Price/sqft:$511
Beds:4
Baths:2
Year Built:
Weight:20.1%
1784 Ionian St, San Diego, CA 92154

1784 Ionian St, San Diego, CA 92154

Sale: $760,000

9/23/20240.03 mi

Area:1,261 sqft
Price/sqft:$603
Beds:3
Baths:2
Year Built:
Weight:19.5%
1861 Thelborn Way, San Diego, CA 92154

1861 Thelborn Way, San Diego, CA 92154

Sale: $855,000

4/28/20250.26 mi

Area:1,663 sqft
Price/sqft:$514
Beds:4
Baths:2
Year Built:
Weight:19.2%
1585 Halo St, San Diego, CA 92154

1585 Halo St, San Diego, CA 92154

Sale: $850,000

10/18/20240.30 mi

Area:1,274 sqft
Price/sqft:$667
Beds:3
Baths:2
Year Built:
Weight:18.7%

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