1805 Ionian Street, San Diego, CA 92154

About this single-family home

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.

Listing description from the November 2025 sale, as reported to CRMLS.

Sale history

$2,820,000

Sold November 2025 · listed $704,999, orig. $705,000, on market June 2025 · MLS #NDP2507089 · Source: CRMLS

Listing Agent: Matthew DeLine · Listing Office: Keller Williams Realty · Contact: matt@delinerealty.com · Bought with: Matthew DeLine · Keller Williams Realty

$475,000

Sold April 2018 · listed $495,000, on market December 2017 · MLS #170061106 · Source: CRMLS

Listing Agent: Brian Cane · Listing Office: Keller Williams La Jolla · Contact: 858-457-9400 · Bought with: Matthew DeLine · Cypress Realty & Mortgage

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