Six-Unit Apartment
For Sale
$1,695,000
2240 W Dunlop, San Diego, CA 92111
One-bedroom, one-bath residences are paired with off-street parking in San Diego’s Linda Vista neighborhood.
Property Size3,561 SF
Days on Market98
Property Features for 2240 W Dunlop
General Information
Standard status
Active
Size
3,561 SF
Total Parking Spaces
6
Property subtype
Multi Family Home
Units
Unit Mix
6 x 1BD/1BA
Multifamily Units
6
Building Details
Building Size
3,561 SF
Buildings
1
Stories
2
Units
6
Listing Agency:
Apartment Realty Group (ARG)
(858) 247-2487
Listed By:
Caleb Mancini
(858) 247-2487
Source:
Americangrouponline
Added: Apr 30
Changed: Aug 3
Last Checked: Aug 4 at 12:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Apartment Realty Group (ARG)
Investment Insights
Based on property information with market context.
Located at 2240 W Dunlop in San Diego’s Linda Vista neighborhood, this apartment property contains six one-bedroom, one-bath units. The configuration offers a consistent unit mix across the building, with six off-street parking spaces serving the residences.
The property is positioned near Downtown San Diego, SeaWorld, Mission Valley, and the University of San Diego. Public remarks indicate approximately 32% upside in rental income, providing a stated value-add component for an owner evaluating the asset.
The property is positioned near Downtown San Diego, SeaWorld, Mission Valley, and the University of San Diego. Public remarks indicate approximately 32% upside in rental income, providing a stated value-add component for an owner evaluating the asset.
Key Highlights
- Six one‑bedroom, one‑bath apartment units
- Six off‑street parking spaces
- Approximately 32% upside in rental income
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $113.2k | $31.80 |
| − Vacancy | −$6.2k | −$1.75 |
| EGI | $107.0k | $30.05 |
| − OpEx | −$48.2k | −$13.52 |
| NOI | $58.9k | $16.53 |
3,561 SF · lease $31.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$840.8K
$735.7K – $980.9K
NOI $58,856 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.41M
$1.23M – $1.64M
NOI $98,455 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
916
Businesses Nearby
Explore this area
Business Placement
Demographics for 92111, CA
46,686
Population
17,624
Households
2.6
Avg Household Size
37
Median Age
43%
College-Educated
88%
High-School Grad
8.5 sq mi
ZIP Area
5,492
Density / Sq Mi
$95,081
Median Household Income
$43,215
Median Earnings
$2,049
Median Rent
$754,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - One-bedroom, one-bath residences are paired with off-street parking in San Diego’s Linda Vista neighborhood.
Where is this apartment building located?
The property is located at 2240 W Dunlop San Diego, CA.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Six one‑bedroom, one‑bath apartment units; Six off‑street parking spaces; Approximately 32% upside in rental income
