1056 1058 Lincoln Ave, San Diego, California 92103, San Diego, 92103 - 4 bed, 3 bath
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San Diego, California 92103
This Modernized Multi-Unit Residence is a Strong Value Opportunity, listed at $1,949,000—positioned well below the $2,055,275 Fair Market Value by 5%. This valuation gap provides $106,275 in Instant Equity. Boasting a Like-New Condition Rating, the property features a Professional-Grade Kitchen, a Forested Greenbelt View, and a 728 sq ft Income-Generating ADU. Located in University Heights, the large lot offers rare development potential. This is an ideal acquisition for Owner-Occupants seeking rental offsets or Multi-Generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1056 1058 Lincoln Ave Subject | $1,949,000* List Price | 4 | 3 | 2,396 | $858 | - |
A 1091 Lincoln Ave Sold | $1,650,000 | 3 | 2 | 1,701 | $970 | 0.1 mi |
B 3566 Albatross St Sold | $2,120,000 | 2 | 4 | 2,806 | $756 | 1.0 mi |
C 1275 Pennsylvania Ave Pending | $1,995,000 List Price | 4 | 4 | 2,332 | $855 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1938, the property has undergone an extensive recent renovation that meets modern luxury standards. The interior features a high-end open-concept kitchen with professional-grade appliances, quartz countertops, and all-wood cabinetry. The bathrooms are fully updated with spa-like finishes, including walk-in glass showers and contemporary fixtures. Additional high-quality upgrades include new flooring, LED lighting, low-flow plumbing, and a fully modernized 728 sq ft ADU, placing the entire property in like-new condition.
The property includes a separate 728 sq ft 1-bedroom ADU with its own entrance and kitchen, providing excellent potential for rental income, a guest house, or multi-generational living in a high-demand area.
Situated on a large, terraced lot, the property offers significant opportunities for future unit development or expansion, a rare find in the University Heights neighborhood.
The main residence features high-end upgrades including a professional-grade kitchen with quartz countertops, a spacious primary suite with a walk-in closet, and energy-efficient LED lighting throughout.
The terraced nature of the backyard may limit immediate flat usable space for traditional recreation and could increase the complexity and cost of future construction projects.
Originally constructed in 1938, the property may require ongoing maintenance or specialized inspections of older structural and utility systems despite modern cosmetic updates.
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!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 64% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,396 | 1,946 | 67% |
| Lot Size | 6,978 | 5,227.2 | 70% |
| Price | $1.95M | $1.78M | 61% |
| Price per sq ft | $813 | $956 | 35% |
| Built year | 1938 | 1930 | 62% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 153 | 6% |
Apr 11, 2026
$1,949,000
Initial Listing
Nov 27, 2024
$1,200,000
Public Record
Jul 5, 2005
$839,000
Public Record