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204-6 W Lewis Street

San Diego, CA 92103
  • $1,995,000
  • STATUS: ACTIVE
  • ON SITE: 10 Days
  • ID#: 250000408
Open House
UPDATED: 73 min ago
$1,995,000
  • 2
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1945
County:

School Ratings & Info

Description

Must-see three-unit property located in the highly desirable Hillcrest Complete Communities zone of San Diego! A rare combination of lot size, existing building structures, zoning, and an excellent transit location, which all combine to make this property ideal for almost all multi-unit buyers. Offering significant upside potential, the property is ideally situated within walking distance to shops, restaurants, and cafes, with easy access to downtown and major transportation corridors. The units are well-maintained with room for value-add improvements, making this a prime opportunity for investors seeking to increase rents or reposition the asset, and an incredible option of owner user/occupants where any two of the units extra rent could create a spectacular subsidy to the mortgage payment. With strong rental demand in the area and the potential for long-term appreciation, this property provides an excellent investment.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/159233954
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204-6 W Lewis Street San Diego, CA 92103

  • Price: $1,995,000
  • Status: ACTIVE
  • On Site: 10 Days
  • Updated: 73 min ago
  • ID#: 250000408
2
Beds
4
Baths
0
½ Baths
N/A
Acres
1945
Built
Neighborhood:
Medical Complex
County:
San Diego
Area:
Mission Hills (92103)
Property Description
Must-see three-unit property located in the highly desirable Hillcrest Complete Communities zone of San Diego! A rare combination of lot size, existing building structures, zoning, and an excellent transit location, which all combine to make this property ideal for almost all multi-unit buyers. Offering significant upside potential, the property is ideally situated within walking distance to shops, restaurants, and cafes, with easy access to downtown and major transportation corridors. The units are well-maintained with room for value-add improvements, making this a prime opportunity for investors seeking to increase rents or reposition the asset, and an incredible option of owner user/occupants where any two of the units extra rent could create a spectacular subsidy to the mortgage payment. With strong rental demand in the area and the potential for long-term appreciation, this property provides an excellent investment.
Exterior Features

Exterior Wood Fencing Full Parking Non Garage Desc Unit1 AssignedUncovered Parking Non Garage Desc Unit2 AssignedUncovered Parking Non Garage Desc Unit3 AssignedUncovered Roof Other/Remarks Site Corner Lot Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 3

Interior Features

Cooling Wall/Window Furnished Units 3 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Heat Equipment FireplaceWall/Gravity Heat Source Electric Stories 1 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Units With Cooling 3 Units With Dishwashers 1 Units With Dryers 3 Units With Fireplaces 1 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 3 Water Heater Type Gas

Property Features

Actual Cap Rate 4.79 Age Restrictions N/K Annual Expense Actual 28059 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Community MISSION HILLS Complex Park N/A Cross Streets Front Street Gross Rent Multiplier Actual 16.12 Gross Scheduled Income Actual 123700 Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Possession Call Listing Agent Sales Restrictions N/K Security N/K Short Sale No Tenant Pays N/K Terms CashConventionalOther/Remarks Unit Number For Unit1 204 Unit Number For Unit2 206A Unit Number For Unit3 206B Unit1 Deposit 5000 Unit1 Occupied Tenant Unit1 Rent Actual 5000.0 Unit2 Deposit 2000 Unit2 Occupied Tenant Unit2 Rent Actual 2400.0 Unit3 Deposit 2000 Unit3 Occupied Tenant Unit3 Rent Actual 2300.0 Water Meter on Property Water District CITY OF SAN DIEGO Zoning RM 3-9

San Diego MLS logo Listing provided courtesy of David Weis of eXp Realty of California, Inc: 619-518-9246. Listing information © 2025 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
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