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San Diego Multifamily Development Opportunity
For Sale
$1,400,000

2249 51 Dunlop St, San Diego, CA 92111

Development site approved for 10 units, potential for 44.

Property Size1,248 SF
Days on Market111

Property Features for 2249 51 Dunlop St

General Information

Standard status Active
Size 1,248 SF
Property subtype Investment

Building Details

Building Size 1,248 SF
Year Built 1941
Units 2
Listing Agency: Gene Bowman Realty
Listed By: Christian Ballow
Source: Elliman
Added: Apr 24 Changed: Aug 8 Last Checked: Jul 15 at 9:22PM

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 Gene Bowman Realty

Investment Insights

Based on property information with market context.

This property offers a development opportunity in San Diego's multifamily market. The site has the potential for up to 44 units. Currently, permits are in process for 10 units. The location and zoning are suited for an experienced builder or developer, or an investor ready to step into their first major project. The property is positioned to attract long-term and short-term tenants. The location is near Fashion Valley, SeaWorld, USD and beaches with easy freeway access. The bike score is 65, making it bikeable. The walk score is 74, indicating it is very walkable. The transit score is 42, suggesting some transit options are available.

Key Highlights

  • Potential to build up to 44 units, offering significant development scale
  • 10 units already in the permitting process, providing a head start
  • Centrally located near Fashion Valley, SeaWorld, USD, and beaches

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Parking Lot & Garage (Bike/Boat/Book/etc) Store Computer & Electronic Repair Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

998
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Development site approved for 10 units, potential for 44.
Where is this residential land & home lot located?
The property is located at 2249 51 Dunlop St San Diego, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Potential to build up to 44 units, offering significant development scale; 10 units already in the permitting process, providing a head start; Centrally located near Fashion Valley, SeaWorld, USD, and beaches
More about this property
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