2201 07 BURROUGHS ST, SAN DIEGO CA 92111
- 16,372 sq.ft. lot
Property Description
Strategic Investment with huge upside potential! Current rental income from long-term tenants provides immediate cash flow while you plan the property’s future development. Located in a Complete Communities (CC) zoning area, this site offers a rare opportunity for redevelopment or, at minimum, a value-add rehab with substantial rent growth potential. Lot Size: 16,372 sq.ft. Zoning: RM2-5 + Complete Communities designation Potential Buildable Area: Up to ~65,488 sq.ft. (per CC zoning guidelines) Current Configuration: One 4BR/2BA unit + three 3BR/1BA units Occupancy: Fully leased to long-term tenants with below-market rents Development Potential: Build a multi-story project with canyon views, similar to the new MC Tower Apartments under construction around the corner. Rental Demand: Close proximity to USD, hospitals, and Mission Valley employment hubs supports strong future rental rates. Prime Location: Centrally located near I-5, I-8, and 163 freeways, with quick access to major job centers, universities, and medical facilities. Strategic Investment with huge upside potential! Current rental income from long-term tenants provides immediate cash flow while you plan the property’s future development. Located in a Complete Communities (CC) zoning area, this site offers a rare opportunity for redevelopment or, at minimum, a value-add rehab with substantial rent growth potential. Lot Size: 16,372 sq.ft. Zoning: RM2-5 + Complete Communities designation Potential Buildable Area: Up to ~65,488 sq.ft. (per CC zoning guidelines) Current Configuration: One 4BR/2BA unit + three 3BR/1BA units Occupancy: Fully leased to long-term tenants with below-market rents Development Potential: Build a multi-story project with canyon views, similar to the new MC Tower Apartments under construction around the corner. Rental Demand: Close proximity to USD, hospitals, and Mission Valley employment hubs supports strong future rental rates. Prime Location: Centrally located near I-5, I-8, and 163 freeways, with quick access to major job centers, universities, and medical facilities.
Listing Courtesy of Jeffrey Discher, eXp Realty of Southern California, Inc.
Interior Features
Exterior Features
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