2201-7 Burroughs St
2201-7 Burroughs St offers a rare value-add opportunity on a large 16,372 SF lot in the heart of Linda Vista. The property consists of four spacious units — one 4-bedroom/2-bath and three 3-bedroom/1-bath — with strong rental demand in the immediate area. Existing rents are well below market, creating clear and significant upside potential through strategic improvements and management. Zoned RM-2-5 and located within a designated Sustainable Development Area, the property offers additional long-term potential for increased density or redevelopment. With its desirable location, large lot, and flexible zoning, this is an ideal opportunity for investors looking to reposition an asset and/or explore future development options in a growing San Diego submarket. In an area that is quickly gentrifying, this property provides the opportunity to own an asset that will only continue to appreciate over time. Direct access to the I-5, I-8, and SR-163 makes transportation throughout San Diego County and accessibility to major employment hubs in the city seamless. Less than 5 minutes away from major employers in Mission/Fashion Valley and the University of San Diego, the demand to live in the area will always be there whether it’s families, students, or young professionals. 2201-7 Burroughs St is the opportunity to own a high upside asset in a high demand area.
| Price: | $1,985,000 |
|---|---|
| Address: | 2201-7 Burroughs St |
| City: | San Diego |
| State: | California |
| MLS: | 250026669 |
| Square Feet: | 16,372 |
| terms: | Other/Remarks |
|---|---|
| levels: | 2 Story |
| lotSize: | .25 to .5 AC |
| zipArea: | LINDA VISTA (92111) |
| exterior: | Other/Remarks |
| saleRent: | For Sale |
| community: | LINDA VISTA |
| entryOnly: | no |
| shortSale: | no |
| marketArea: | Metro |
| numOfUnits: | 4 |
| tenantPays: | Other/Remarks |
| complexPark: | Linda Vista |
| jurisdiction: | Incorporated |
| neighborhood: | Linda Vista |
| totalStories: | 2 |
| capRateActual: | 3 |
| numOfBuildings: | 1 |
| ageRestrictions: | N/K |
| unit1RentActual: | 2425 |
| unit2RentActual: | 1848 |
| unit3RentActual: | 1848 |
| unit4RentActual: | 2600 |
| unitNumForUnit1: | 1 |
| unitNumForUnit2: | 2 |
| unitNumForUnit3: | 3 |
| unitNumForUnit4: | 4 |
| capRateProjected: | 6.8 |
| unit1NumBedrooms: | 4 |
| unit2NumBedrooms: | 3 |
| unit3NumBedrooms: | 3 |
| unit4NumBedrooms: | 3 |
| salesRestrictions: | Other/Remarks |
| unit1EstimatedSqft: | 1200 |
| unit1NumTotalBaths: | 2 |
| unit1ProjectedRent: | 4250 |
| unit2EstimatedSqft: | 1000 |
| unit2NumTotalBaths: | 1 |
| unit2ProjectedRent: | 2950 |
| unit3EstimatedSqft: | 1000 |
| unit3NumTotalBaths: | 1 |
| unit3ProjectedRent: | 2950 |
| unit4EstimatedSqft: | 1000 |
| unit4NumTotalBaths: | 1 |
| unit4ProjectedRent: | 2950 |
| annualExpenseActual: | 43725 |
| numOfFurnishedUnits: | 4 |
| numUnitsWithCooling: | 4 |
| unit1LaundryHookUps: | Yes |
| unit1NumOfFullBaths: | 2 |
| unit2LaundryHookUps: | Yes |
| unit2NumOfFullBaths: | 1 |
| unit3LaundryHookUps: | Yes |
| unit3NumOfFullBaths: | 1 |
| unit4LaundryHookUps: | Yes |
| unit4NumOfFullBaths: | 1 |
| grossSchedIncomeProj: | 730320 |
| numOfUnitsWithDryers: | 4 |
| numOfUnitsWithGarage: | 4 |
| numOfUnitsWithPatios: | 4 |
| numOfUnitsWithWashers: | 4 |
| annualExpenseProjected: | 148175 |
| grossRentMultiplierAct: | 19 |
| grossRntMultiplierProj: | 11.5 |
| grossSchedIncomeActual: | 104652 |
| netOperIncomeProjected: | 567539 |
| numOfUnitsWithRangeOven: | 4 |
| numUnitsWithDishwashers: | 4 |
| numOfUnitsWithFireplaces: | 4 |
| numOfUnitsWithRefrigerator: | 4 |
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Data services provided by IDX Broker
Listing courtesy of JLM Real Estate Inc