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

2249 51 Dunlop St, San Diego, CA 92111

Multifamily development opportunity in San Diego with permits in process.

Property Size1,248 SF
Days on Market93

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: May 12 Changed: Aug 8 Last Checked: Jul 16 at 5:35AM

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 allows for the construction of up to 44 units. There are currently 10 units in the permitting process. The location and zoning are suitable for an experienced builder or developer. The property is centrally located, close to Fashion Valley, SeaWorld, USD, and beaches, with easy freeway access. The property is positioned to attract stable, long-term and short-term tenants. The bike score is 65, indicating it is bikeable. The walk score is 74, indicating it is very walkable. The transit score is 42, indicating 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 valuable 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 - Multifamily development opportunity in San Diego with permits in process.
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 valuable head start.; Centrally located near Fashion Valley, SeaWorld, USD, and beaches.
More about this property
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