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Investment Highlights

  • 4.83% CAP on Actuals
  • Strong Rental Upside
  • Great Condition, Easy to Manage
  • Renovated Units
  • High Rental Market Demand
  • Ample Parking

Executive Summary

Welcome to 2220 Dunlop Street – a turn-key 8-unit apartment complex located in the high-demand Linda Vista neighborhood of San Diego. Situated just north of Mission Valley, this well-maintained property offers a balanced mix of updated interiors, dependable cash flow, and future upside potential. (2216-18 Dunlop St - Duplex to be sold together/simultaneously)
The building consists of eight 1-bedroom / 1-bathroom units, many of which have been thoughtfully renovated with modern finishes. Upgrades include newer flooring, kitchen cabinetry, countertops, and appliances, providing tenants with comfortable, contemporary living spaces.
The property is positioned on a generous lot with on-site parking, a shared laundry room, and low-maintenance landscaping. Tenants enjoy convenient access to USD, Fashion Valley, Mission Bay, major freeways (I-8, I-5, and 163), and a wide range of retail, dining, and employment centers.

Financial Summary (Pro Forma - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $301,559 $107.70
Other Income - -
Vacancy Loss $9,047 $3.23
Effective Gross Income $292,511 $104.47
Taxes $35,354 $12.63
Operating Expenses $44,255 $15.81
Total Expenses $79,609 $28.43
Net Operating Income $212,902 $76.04

Financial Summary (Pro Forma - 2025)

Gross Rental Income (CAD)
Annual $301,559
Annual Per SF $107.70
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual $9,047
Annual Per SF $3.23
Effective Gross Income (CAD)
Annual $292,511
Annual Per SF $104.47
Taxes (CAD)
Annual $35,354
Annual Per SF $12.63
Operating Expenses (CAD)
Annual $44,255
Annual Per SF $15.81
Total Expenses (CAD)
Annual $79,609
Annual Per SF $28.43
Net Operating Income (CAD)
Annual $212,902
Annual Per SF $76.04

Property Facts

Price $2,874,333 CAD
Price Per Unit $359,292 CAD
Sale Type Investment
Cap Rate 4.83%
Sale Conditions
1031 Exchange
  • Build to Suit
Gross Rent Multiplier 12.8
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.22 AC
Building Size 2,800 SF
Average Occupancy 100%
No. Stories 2
Year Built 1963
Parking Ratio 2.86/1,000 SF
Zoning RM-2-5 - Multi- Family

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 8 $2,347 CAD -
Walk Score®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
432-070-18
Land Assessment
$377,552 CAD
Improvements Assessment
$258,115 CAD
Total Assessment
$635,667 CAD
Annual Taxes
$35,354 CAD ($12.63 CAD/SF)
Tax Year
2025
  • Listing ID: 36760219

  • Date on Market: 2025-04-29

  • Last Updated:

  • Address: 2220 Dunlop St, San Diego, CA 92111

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