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  • MLS#: 250026669SD ( )
  • Street Address: 2201 Burroughs St
  • Viewed: 1
  • Price: $1,985,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1941
  • Bldg sqft: 0
  • Days On Market: 15
  • Additional Information
  • County: SAN DIEGO
  • City: San Diego
  • Zipcode: 92111
  • Subdivision: Linda Vista
  • Provided by: JLM Real Estate Inc
  • Contact: Jason Jason
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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.
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Features
Association Fee
  1. 0.00
Cooling
  1. See Remarks
Country
  1. US
Levels
  1. Two
Netoperatingincome
  1. 148175.00
Parcel Number
  1. 4320601800
Park Name
  1. Linda Vista
Sourcesystemkey
  1. 250026669:SDP
Subdivision Name Other
  1. Linda Vista
Tenant Pays
  1. See Remarks
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/snd/250026669
Year Built
  1. 1941
Zoning
  1. RM-2-5