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$ 1,985,000
Est. payment /mo
New
2201-07 Burroughs St San Diego, CA 92111
13 Beds
5 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Linda Vista
MLS Listing ID 250038727
Bedrooms 13
Full Baths 5
Year Built 1941
Property Sub-Type Res Income 2-4 Units
Property Description
Strategic Investment with huge upside potential! Current rental income from long-term tenants provides immediate cash flow while you plan the property's future development. Located in a Complete Communities (CC) zoning area, this site offers a rare opportunity for redevelopment or, at minimum, a value-add rehab with substantial rent growth potential. Lot Size: 16,372 sq.ft. Zoning: RM2-5 + Complete Communities designation Potential Buildable Area: Up to ~65,488 sq.ft. (per CC zoning guidelines) Current Configuration: One 4BR/2BA unit + three 3BR/1BA units Occupancy: Fully leased to long-term tenants with below-market rents Development Potential: Build a multi-story project with canyon views, similar to the new MC Tower Apartments under construction around the corner. Rental Demand: Close proximity to USD, hospitals, and Mission Valley employment hubs supports strong future rental rates. Prime Location: Centrally located near I-5, I-8, and 163 freeways, with quick access to major job centers, universities, and medical facilities.
Location
State CA
County San Diego
Area Metro
Zoning RM2-5
Interior
Heating Other/Remarks
Fireplace No
Exterior
Fence Partial
Utilities Available Sewer Connected
View Y/N Yes
Water Access Desc Meter on Property
View City, Evening Lights, Mountains/Hills, Panoramic, Valley/Canyon
Roof Type Composition
Building
Story 2
Water Meter on Property
Level or Stories 2
Schools
School District San Diego Unified School Distric
Others
Tax ID 432-060-18-00
Special Listing Condition Other/Remarks
Listed by Jeffrey M Discher eXp Realty of Southern California, Inc.
