$1,700,000
SOLD JUL 17, 2025
12 Beds
5 Baths
-- Sq Ft
0.42 Acres

Recently Sold

27% Below List Price

62 Days on Market

About This Home

As of July 2025

Prime Development Opportunity in the Heart of San Diego – Welcome to 2173 Burroughs Street, a rare investment opportunity located in the highly sought-after Linda Vista neighborhood. This property sits in a Complete Communities and Sustainable Development area, offering exceptional zoning benefits that open the door for high-density residential development. Whether you're an investor, developer, or savvy buyer, this is your chance to capitalize on one of San Diego’s most progressive urban planning initiatives. PLEASE DO NOT WALK ON THE PROPERTY OR DISTURB THE TENANTS.

Last Agent to Sell the Property

Kevin Scudelari

South Coast Commercial, Inc. License #02062391 Listed on: 04/14/2025

South Coast Commercial, Inc.

Last Buyer's Agent

Kevin Scudelari

South Coast Commercial, Inc. License #02062391 Listed on: 04/14/2025

South Coast Commercial, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 0.42 Acre Lot
  • Property is Fully Fenced

Home Design

  • Composition Roof

Additional Features

  • 2-Story Property
  • Cooling System Mounted To A Wall/Window

Community Details

  • 4 Units
  • Net Operating Income $61,197

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 432-060-20-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro
  • Cross Street: Tait Street
  • Neighborhood: Linda Vista
  • LP / Sq Ft: 21.68
  • Miscellaneous: Value in Land
  • Stories: 2 Story
  • Sale Price List Price: 0.79
  • Total Stories: 2
  • Year Built: 1941
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Full
  • Roof: Composition

Utilities

  • Cooling: Wall/Window

Condo/Co-op/Association

  • Community: LINDA VISTA

Lot Info

  • Lot Size: .25 to .5 AC
  • Zoning: RM-2-5
  • Assessor Parcel Number: 432-060-20-00
  • Estimated Lot Sq Ft: 18379

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 61197
  • Annual Expense Actual: 40885
  • Gross Rent Multiplier Actual: 20.8
  • Gross Rent Multiplier Projected: 15.1
  • Gross Sched Income Actual: 103200
  • Gross Sched Income Projected: 142332
  • Number Of Buildings: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Other Income Actual: 350

Range of Values:

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ICE

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/17/2025 07/17/25 Sold $1,700,000 -20.9% --
06/16/2025 06/16/25 Pending -- -- --
05/02/2025 05/02/25 Price Changed $2,150,000 -7.5% --
04/14/2025 04/14/25 For Sale $2,325,000 -- --
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 250024468

San Diego MLS