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6979 85 Lisbon St

San Diego, CA 92114
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Bed 8

Bed

Bath 4

Bath

SqFt3,983

Sqft(Lot)

Turnkey 4-unit investment opportunity with all units currently occupied and professional property management already in place! Each unit offers 2 bedrooms and 1 bathroom and has been extensively remodeled within the last 3 years. Interiors feature updated kitchens with granite countertops, white shaker cabinets and stainless steel appliances, luxury vinyl flooring, and remodeled bathrooms with updated vanities and shower/tub combinations. Each unit also includes an in-unit stackable washer and dryer plus central heating & A/C. Exterior improvements include updated stairs and railings along with a newer drainage system. Adding even more value, the property offers an assumable VA loan at a 5.75% interest rate! Conveniently located near the 805 and 94 freeways, approximately 15 minutes from D owntown San Diego, Naval Base San Diego and SDSU. With 4 occupied units, extensive renovations and management already established, this is an excellent opportunity to expand your portfolio or complete a 1031 exchange. Income-producing from day one!

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,450,000

AD Id : 91264080

MLS Id : 260022545SD

Beds : 8

Lot Size : 3,983 Sq. Ft

Year Built : 1956

County : San Diego

Subdivision: Sunshine Villas

  • Map Map

Map

Feature Features

  • Interior Features

    Roof: Composition
  • Heating & Cooling

    Has Heating: Yes Has Cooling: Yes Cooling: CentralAir

  • Building Information

    Year Built: 1956
    Stories: 2
    Private Pool: No

  • Lot Information

    Main Square Feet: 3983 Lot Size Acres: 0.0914 Lot Size Source: Assessor Lot Size Square Feet: 3,983

    Property Information

    Subdivision: Encanto Source Property Type: ResidentialIncome Levels: Two Property Age: 70

  • Listing Price Information

    Listing Price: $1450000
    Cash, Conventional, CalVetLoan, FHA, VaLoan

  • Tax Information

    Parcel Number: 5810331600

  • Location Information

    Direction: CrossStreet: Lemon Grove Ave
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5484 88 Santa Margarita.., San Diego, CA, 92114 $1,150,000 7 3 2,738 9,164 Sq. Ft
5282 Naranja #3, San Diego, CA, 92114 $559,999 3 3 1,420 --
285 Parkbrook Place, San Diego, CA, 92114 $779,900 3 2 1,231 6,200 Sq. Ft
303 Sears Ave., San Diego, CA, 92114 $1,200,000 4 2 3,300 7,410 Sq. Ft
8284 Brookhaven Rd, San Diego, CA, 92114 $799,900 4 2 1,248 6,200 Sq. Ft
7742 Shorewood Dr, San Diego, CA, 92114 $749,000 3 2 1,369 5,700 Sq. Ft
394 Coralwood Dr, San Diego, CA, 92114 $775,000 3 2 1,361 6,600 Sq. Ft
973 Woodrow Avenue, San Diego, CA, 92114 $750,000 3 2 1,410 9,700 Sq. Ft
755 Peggy Drive, San Diego, CA, 92114 $735,000 3 2 1,186 0.19 Acre
7515 Black Oak, San Diego, CA, 92114 $649,900 3 2 964 6,700 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/16/2026 @ 18:48

MLS: 260022545SD LISTED BY: Wally Dally, Palisade Realty Inc 619-794-0218 SOURCE: CRMLS

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