Five-Unit Apartment
For Sale
$1,975,000
1237-39 Lincoln Ave, San Diego, CA 92103
Renovated residences offer in-unit laundry, refreshed kitchens and baths, and individual heating and cooling systems.
Property Size2,938 SF
Days on Market158
Property Features for 1237-39 Lincoln Ave
General Information
Standard status
Active
Size
2,938 SF
Property subtype
Multifamily
Occupancy
95%
Units
Unit Mix
4 x 1BR/1BA, 1 x 1BR/1.5BA
Multifamily Units
5
Additional Details
Cap Rate
4.86%
Amenities
Newly Constructed & Fully Renovated in 2025 with comprehensive interior and exterior upgrades that deliver modern aesthetics, durable finishes, and minimal maintenance needs.
Exempt from AB-1482 Rent Control measures for market-rate units for 15 years.
No Deed Restricted Units.
Impeccable University Heights Location and prime proximity to the 163, walking distance to Hillcrest Farmer's Market, cafes, boutiques, & transit options.
Attractive Low-Maintenance Property poised for steady cash ?ow & appreciation in one of San Diego's most supply-constrained submarkets.
Building Details
Building Size
2,938 SF
Year Built
2025
Units
5
Listing Agency:
San Diego Office
(858) 373-3100
Listed By:
Christopher J. Zorbas · License #CA: 01301418
(858) 373-3166
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 30
Last Checked: Aug 30 at 11:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of San Diego Office
Investment Insights
Based on property information with market context.
This five-unit multifamily property at 1237-39 Lincoln Ave includes four one-bedroom, one-bath apartments and one one-bedroom, one-and-a-half-bath single-family residence. Constructed in 2025, the community features updated interiors with refreshed kitchens and bathrooms, in-unit washers and dryers, heating and cooling systems, luxury vinyl flooring, and modern fixtures. The compact configuration provides a varied residential offering within a low-maintenance setting.
The property is situated in University Heights, with access to Balboa Park, Hillcrest, North Park, and Downtown San Diego described as just minutes away. The surrounding context includes employment centers, retail, and dining destinations. The reported cap rate is 4.86%.
The property is situated in University Heights, with access to Balboa Park, Hillcrest, North Park, and Downtown San Diego described as just minutes away. The surrounding context includes employment centers, retail, and dining destinations. The reported cap rate is 4.86%.
Key Highlights
- Five‑unit multifamily property with four one‑bedroom apartments and one one‑bedroom, one‑and‑a‑half‑bath residence
- Constructed in 2025 with extensively renovated interiors
- Each residence includes an in‑unit washer and dryer
Property Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
4,917
Businesses Nearby
Explore this area
Business Placement
Demographics for 92103, CA
33,311
Population
21,363
Households
1.6
Avg Household Size
42
Median Age
63%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
9,003
Density / Sq Mi
$96,887
Median Household Income
$69,732
Median Earnings
$2,020
Median Rent
$986,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated residences offer in-unit laundry, refreshed kitchens and baths, and individual heating and cooling systems.
Where is this apartment building located?
The property is located at 1237-39 Lincoln Ave San Diego, CA.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Five‑unit multifamily property with four one‑bedroom apartments and one one‑bedroom, one‑and‑a‑half‑bath residence; Constructed in 2025 with extensively renovated interiors; Each residence includes an in‑unit washer and dryer
