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1056 1058 Lincoln Ave, San Diego, California 92103, San Diego, 92103 - 4 bed, 3 bath

1056 1058 Lincoln Ave, San Diego, California 92103 home-pic-0
ACTIVE$1,999,000$2,396/sqft
Est. Value: $2,166,422
8%
BelowEstimate
1056 1058 Lincoln Ave, San Diego, California 92103
4Beds
3Baths
2,396Sqft
6,978Lot

Price Vs. Estimate

The estimated value ($2,166,421.665) is $167,421.665 (8%) higher than the list price ($1,999,000). This property may be underpriced.

Key pros and cons

Top Pros:
Income-Generating ADU: A dedicated 728 sqft 1 bed/1 bath Accessory Dwelling Unit with a separate entrance offers significant income potential or flexible living arrangements for guests/family.
Top Cons:
Age of Original Structure: Built in 1938, the main home's original structure may present inherent maintenance considerations or require further updates beyond the cosmetic, typical of properties of this vintage.

Compared to the nearby listings

Price:$2.00M vs avg $1.81M (+$193,500)55%
Size:2,396 sqft vs avg 1,910 sqft67%
Price/sqft:$834 vs avg $95230%

More Insights

Built in 1938 (88 years old).
Condition: Despite being built in 1938, this property has undergone an extensive, high-quality renovation, making it virtually new. The main house and ADU feature modern, open-concept kitchens with professional-grade stainless steel appliances, quartz countertops, and all-wood cabinetry. Bathrooms are spa-like with new vanities, contemporary fixtures (including rain showers and handhelds), and stylish tiling. Throughout the home, there is new light-toned wood flooring, recessed LED lighting, and fresh paint. The exterior, deck, and terraced backyard also appear newly updated and meticulously maintained. All components meet current quality standards with no visible deferred maintenance.
Year Built
1938
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$834
HOA
-
Days on market
-
Sold On
-
MLS number
2600669SD
Home ConditionExcellent
Features
View-

About this home

Beautiful 3 bed 2 bath home plus 728 sf 1 bed 1 bath ADU on a large parklike lot in University Heights with development potential! This beautifully designed home on a quiet dead end street feels like you are living in Balboa Park. The home features a spacious light filled living area with large open concept kitchen with island, pantry, and spacious dining room all opening to a large back deck overlooking the grounds. Additional features include quartz counters, all wood cabinets, professional grade appliances, a spacious primary suite with huge walk in closet and en-suite bathroom, low flow plumbing fixtures, LED lights, and spa like bathrooms. The large 1 bedroom unit below with it's own entrance is the perfect income property a high demand area, guest home or in-laws suite with it's own patio, walk in closet, and large kitchen. The icing on the cake is the large terraced backyard that make for the perfect garden or possibly potential for development of future units! A truly rare property!

T
Taylor Robertson
Listing Agent
Condition Rating
Excellent
Despite being built in 1938, this property has undergone an extensive, high-quality renovation, making it virtually new. The main house and ADU feature modern, open-concept kitchens with professional-grade stainless steel appliances, quartz countertops, and all-wood cabinetry. Bathrooms are spa-like with new vanities, contemporary fixtures (including rain showers and handhelds), and stylish tiling. Throughout the home, there is new light-toned wood flooring, recessed LED lighting, and fresh paint. The exterior, deck, and terraced backyard also appear newly updated and meticulously maintained. All components meet current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

Income-Generating ADU: A dedicated 728 sqft 1 bed/1 bath Accessory Dwelling Unit with a separate entrance offers significant income potential or flexible living arrangements for guests/family.
Future Development Potential: The large, terraced lot is explicitly noted for its potential to develop additional units, providing substantial long-term investment value in a high-demand area.
Prime University Heights Location: Situated on a quiet dead-end street in the highly desirable University Heights neighborhood, offering a serene, park-like setting akin to Balboa Park.
Modernized & Open Concept Interior: Features a light-filled, open-concept kitchen with an island, professional-grade appliances, quartz counters, and spa-like bathrooms, indicating recent, high-quality renovations.
Expansive & Private Outdoor Space: A large, park-like terraced backyard and a spacious back deck provide ample private outdoor living and entertaining areas.

Cons

Age of Original Structure: Built in 1938, the main home's original structure may present inherent maintenance considerations or require further updates beyond the cosmetic, typical of properties of this vintage.
Terraced Lot Maintenance: The 'large terraced backyard,' while beautiful, likely requires considerable ongoing landscaping and maintenance, which could be a commitment for potential owners.
Lack of Mentioned Cooling System: The property description does not specify the presence of a cooling system (e.g., central AC), which could be a comfort concern for some buyers during warmer periods in San Diego.
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