Log In/Sign Up
Your email has been sent.
6-Units // Value Add // Linda Vista 2240 W Dunlop St 6 Unit Apartment Building $2,447,770 CAD ($407,962 CAD/Unit) 4.50% Cap Rate San Diego, CA 92111
Investment Highlights
- Surrounded by Redevelopment in an Up-and-Coming Neighborhood
- Six (6) 1Bedroom/1Bathroom Units
- Value Add Opportunity with ~32% Upside in Rents
- 1:1 Parking Ratio (Six Off Street Parking Spaces)
Executive Summary
This 6-unit property is 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 ~32% 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.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$175,356
|
$49.24
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,261
|
$1.48
|
| Effective Gross Income |
$170,095
|
$47.77
|
| Taxes |
$30,625
|
$8.60
|
| Operating Expenses |
$29,311
|
$8.23
|
| Total Expenses |
$59,936
|
$16.83
|
| Net Operating Income |
$110,159
|
$30.93
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $175,356 |
| Annual Per SF | $49.24 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $5,261 |
| Annual Per SF | $1.48 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $170,095 |
| Annual Per SF | $47.77 |
| Taxes (CAD) | |
|---|---|
| Annual | $30,625 |
| Annual Per SF | $8.60 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $29,311 |
| Annual Per SF | $8.23 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $59,936 |
| Annual Per SF | $16.83 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $110,159 |
| Annual Per SF | $30.93 |
Property Facts
| Price | $2,447,770 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $407,962 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 4.50% | Building Size | 3,561 SF |
| Gross Rent Multiplier | 13.96 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1973 |
| Property Subtype | Apartment | Parking Ratio | 1.57/1,000 SF |
| Zoning | RM-2-5 | ||
| Price | $2,447,770 CAD |
| Price Per Unit | $407,962 CAD |
| Sale Type | Investment |
| Cap Rate | 4.50% |
| Gross Rent Multiplier | 13.96 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,561 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.57/1,000 SF |
| Zoning | RM-2-5 |
Amenities
Unit Amenities
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Tub/Shower
- Carpet
- Dining Room
- Double Pane Windows
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $2,435 CAD | 594 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 432-060-08 | Total Assessment | $2,608,190 CAD |
| Land Assessment | $1,972,825 CAD | Annual Taxes | $30,625 CAD ($8.60 CAD/SF) |
| Improvements Assessment | $635,365 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
432-060-08
Land Assessment
$1,972,825 CAD
Improvements Assessment
$635,365 CAD
Total Assessment
$2,608,190 CAD
Annual Taxes
$30,625 CAD ($8.60 CAD/SF)
Tax Year
2025
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
6-Units // Value Add // Linda Vista | 2240 W Dunlop St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.