2240 W Dunlop St - Apartments FOR SALE


San Diego, CA 92111- Linda Vista
$1,500,000 USD
858-247-2487
2240 W Dunlop St, San Diego, CA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/8
null | 5.42% Cap Rate

2240 W Dunlop St
San Diego, CA 92111
Linda Vista


HIGHLIGHTS

  • Surrounded by Redevelopment in an Up-and-Coming Neighborhood
  • Value Add Opportunity with ~31% Upside in Rents
  • Six (6) 1Bedroom/1Bathroom Units
  • 1:1 Parking Ratio (Six Off Street Parking Spaces)
  • 5.42% On Actuals with Upside

OVERVIEW

**5.42% CAP on Actuals** 6-Unit apartment complex located in a prime Linda Vista neighborhood surrounded by ongoing redevelopment and private investment. The asset features six (6) 1BD/1BA units and six (6) off-street parking spaces. There is currently ~31% upside in rental income, creating a clear value-add path. With its central location—minutes from Downtown San Diego, SeaWorld, Mission Valley, and USD—and as one of San Diego’s most actively improving neighborhoods, Linda Vista remains a highly sought-after rental market. Vacant unit can be seen upon request.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$421 USD /SF

# OF UNITS

6

PRICE/UNIT

$250,000

CAP RATE

5.42%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6-Units // 5.42% CAP // Linda Vista

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,475 SF

ZONING

RM-2-5

APN/PARCEL ID

432-060-08

ASK ABOUT THIS PROPERTY

Caleb ManciniApartment Realty Group (ARG)More Info
858-247-2487

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Caleb ManciniApartment Realty Group (ARG)More Info
858-247-2487

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.