6979-85 Lisbon St, Encanto, CA 92114
- $1,450,000
- 8
- BD
- 4
- BA
- List Price
- $1,450,000
- Days on Market
- 1
- Status
- ACTIVE
- MLS#
- 260022545
- Bedrooms
- 8
- Bathrooms
- 4
- Lot Size(apprx.)
- 3,983
- City
- Encanto
- Neighborhood
- Encanto
- Complex/Building Name
- Encanto
- Property Type
- Multifamily
- Year Built
- 1956
Property Description
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 Downtown 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!
/u.realgeeks.media/sdotm/sandiegoonthemarket.jpg)
Additional Information
- Building Name
- Encanto
- Cooling
- Central Air
- Lot Size
- 3,983
- Neighborhood
- Encanto
- Roof
- Composition
- Tenant Pays
- Electricity
- Year Built
- 1956
Mortgage Calculator
Listing courtesy of Listing Agent: Wally Dally (760-880-9980) from Listing Office: Palisade Realty Inc.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2026 San Diego MLS®,