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.
Sold for $2,820,000
Listed by: Keller Williams Realty • Matthew DeLine • Contact: 619-736-0226
Bought with: Keller Williams Realty
$2,820,000
1805 Ionian St, San Diego, CA 92154
4beds
1,269sqft
Single Family Residence
Built in 1961
6,098 Square Feet Lot
$885,200 Zestimate®
$2,222/sqft
$3,983 Estimated rent
Home value
$885,200
$770,000 - $1.00M
$3,983/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Matthew DeLine DRE #01709463 matt@delinerealty.com,
Keller Williams Realty
Bought with:
Matthew DeLine, DRE #01709463
Keller Williams Realty
Source: CRMLS,MLS#: NDP2507089
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)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
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 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: $2,222/sqft
- Tax assessed value: $540,461
- Annual tax amount: $7,131
- Date on market: 7/18/2025
- Cumulative days on market: 80 days
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 11/19/2025 | Sold | $2,820,000+300%$2,222/sqft |
Source:  CRMLS #NDP2507089 Report a problem | ||
| 10/8/2025 | Pending sale | $704,999$556/sqft |
Source: CRMLS #NDP2507089 Report a problem | ||
| 8/21/2025 | Price change | $704,9990%$556/sqft |
Source: CRMLS #NDP2507089 Report a problem | ||
| 7/18/2025 | Listed for sale | $705,000+48.4%$556/sqft |
Source: CRMLS #NDP2507089 Report a problem | ||
| 4/13/2018 | Sold | $475,000-4%$374/sqft |
Source: Public Record Report a problem | ||
| 1/23/2018 | Pending sale | $495,000$390/sqft |
Source: La Jolla #170061106 Report a problem | ||
| 11/20/2017 | Price change | $495,000-1.8%$390/sqft |
Source: La Jolla #170061106 Report a problem | ||
| 10/19/2017 | Price change | $504,000-2.9%$397/sqft |
Source: La Jolla #170061106 Report a problem | ||
| 8/10/2017 | Listed for sale | $519,000+141.4%$409/sqft |
Source: Keller Williams Realty LaJolla #170042056 Report a problem | ||
| 5/28/2010 | Sold | $215,000-56.1%$169/sqft |
Source: Public Record Report a problem | ||
| 5/23/2005 | Sold | $490,000$386/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,131 +15.1% | $540,461 +2% |
| 2024 | $6,196 +0.7% | $529,865 +2% |
| 2023 | $6,150 +1.9% | $519,476 +2% |
| 2022 | $6,033 +3.2% | $509,292 +2% |
| 2021 | $5,846 +2.4% | $499,307 +1% |
| 2020 | $5,709 +0.6% | $494,188 +2% |
| 2019 | $5,672 +95.9% | $484,499 +98.6% |
| 2018 | $2,896 +2.1% | $243,903 +2% |
| 2017 | $2,836 +3.6% | $239,122 +2% |
| 2016 | $2,739 +0.2% | $234,434 +1.5% |
| 2015 | $2,735 +1.7% | $230,913 +2% |
| 2014 | $2,690 | $226,390 +4.5% |
| 2013 | -- | $216,618 |
| 2012 | -- | $216,618 |
| 2011 | -- | $216,618 -10.9% |
| 2010 | -- | $243,000 |
| 2009 | -- | $243,000 -25.2% |
| 2008 | -- | $325,000 -34.8% |
| 2007 | -- | $498,600 +2.8% |
| 2006 | -- | $485,000 +774% |
| 2005 | -- | $55,492 +2% |
| 2004 | -- | $54,405 +1.9% |
| 2003 | -- | $53,409 +2% |
| 2002 | -- | $52,363 +2% |
| 2001 | -- | $51,337 |
Find assessor info on the county website
Neighborhood: Egger Highlands
Nearby homes
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Nearby schools
GreatSchools rating
- 7/10Emory Elementary SchoolGrades: K-6Distance: 0.4 mi
- 4/10Mar Vista AcademyGrades: 7-8Distance: 0.3 mi
- 5/10Mar Vista Senior High SchoolGrades: 9-12Distance: 1.7 mi
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Estimated market value
$885,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$885,200
- California
- San Diego County
- San Diego
- 92154
- Egger Highlands
- 1805 Ionian St
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