17009 Iron Springs Rd, Julian, California 92036, Julian, 92036 - 5 bed, 4 bath
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Julian, California 92036
This multi-unit property represents a High-Potential Investment Opportunity, listed at a List Price of $773,000, which aligns with its $773,000 Fair Market Value. Featuring a Fair Condition Rating, this Multi-Family Asset offers significant income-generating potential through its three distinct units and 2.5 acres of R2 Zoning. With immediate rental income and infrastructure upgrades like an EV charger and dual wells, this property is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through a house-hack strategy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 17009 Iron Springs Rd Subject | $773,000* List Price | 5 | 4 | 2,725 | $284 | - |
A 17180 Mile High Road Active | $719,990 List Price | 6 | 5 | 2,934 | $245 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1999, this 25-year-old property falls into the 'Fair' category. While functional and well-maintained, the kitchen features dated oak cabinetry and older appliances, and the interior finishes like carpet and fixtures reflect the original construction era rather than modern updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 108900, living area = 2725.
The property features three distinct living units, including a 3-bedroom main house, a lower-level suite, and a detached apartment, offering a rare opportunity to offset mortgage costs with significant rental income.
Situated on 2.5 scenic, gently sloping acres, the property provides a large amount of highly usable land in a mountain setting, ideal for privacy, guests, or multi-generational living.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2725, other record living area = 2099. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
With 169 days on the market and a recent price reduction, the property may be facing liquidity challenges or perceived overvaluation by current market participants.
The reliance on private well water and propane systems requires more active maintenance and oversight compared to properties with standard municipal utility connections.
Exceptional income-producing opportunity in San Diego County! With multiple rental possibilities and flexible living arrangements, this rare multi-unit property offers the potential for a buyer using conventional financing to offset a substantial portion of their monthly mortgage payment through rental income while enjoying ownership in one of Southern California’s most desirable mountain communities! 2.5 scenic, gently sloping, and highly usable acres in Harrison Park just minutes from the historic townsite, this multi-family zoned property blends investment potential with peaceful mountain living. The main upper residence features 3 bedrooms and 2 bathrooms with a bright open-concept layout, spacious kitchen with island, large bedrooms, and a primary suite complete with a walk-in closet and relaxing jetted tub. The lower level offers a separate-entry 1 bedroom, 1 bathroom unit, plus a third unit, 625 sq. ft. 1 bedroom, 1 bathroom apartment situated above the oversized detached 2-car garage—ideal for long-term tenants, short-term rental opportunities, guests, or multi-generational living. Designed with flexibility and functionality in mind, the property includes two electric meters, two propane accounts, private well plus shared well access, and an EV charging station in the garage. Surrounded by peaceful mountain scenery and abundant usable land, this is a rare chance to live, invest, and generate income in a truly special San Diego County setting. Property currently generates immediate rental income of $1,800/month from an existing tenant, with the potential for an additional estimated $3,000–$3,500+ per month through rental of the remaining two units, based on average rental rates in the Julian area. At the current list price, a buyer utilizing conventional financing may have the opportunity to substantially offset monthly mortgage expenses through rental income, potentially covering much or all of the mortgage payment along with a portion of property taxes and insurance. Buyer to independently verify rental income potential and financing terms.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 2.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,725 | 1,296 |
| Lot Size | 108,900 | 30,273.9 |
| Price | $773.0K | $566.0K |
| Price per sq ft | $284 | $398 |
| Built year | 1999 | 1987 |
| HOA | $0 | $0 |
| Days on market | 194 | 114 |
Apr 22, 2026
$773,000
$795,000
-3% Price Drop
Initial Listing
Jan 9, 2026
$795,000
Initial Listing
Nov 24, 2020
$565,000
Public Record
Aug 8, 2008
$250,000
Public Record
Feb 5, 2007
$570,000
Public Record
Mar 8, 1996
$64,000
Public Record