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Single Story Duplex 2216-18 Dunlop st 2 Unit Apartment Building $999,000 ($499,500/Unit) 3.70% Cap Rate San Diego, CA 92111
INVESTMENT HIGHLIGHTS
- Strong Upside
- Off Street Parking
- Easy to Manage
- 2220 Dunlop St - neighboring 8U will need to sell simultaneously/together
EXECUTIVE SUMMARY
Welcome to 2216–18 Dunlop Street, a well-maintained duplex nestled in the heart of San Diego’s centrally located Linda Vista neighborhood. This income-producing property features two spacious 1-bedroom / 1-bathroom units, each offering a comfortable layout with thoughtful upgrades and private outdoor space. (2220 Dunlop St - neighboring 8U will need to sell simultaneously/together)
Both units are light and bright, with updated flooring, modern kitchens, and stylish bathrooms. Each unit has its own dedicated entrance and is separately metered for gas and electric, offering flexibility and lower operating costs for the new owner.
The property sits on a quiet residential street with a deep driveway and additional off-street parking. There’s also shared outdoor space—perfect for relaxing or entertaining. Whether you're looking to live in one unit and rent out the other, or simply add a low-maintenance asset to your portfolio, this property checks all the boxes.
Both units are light and bright, with updated flooring, modern kitchens, and stylish bathrooms. Each unit has its own dedicated entrance and is separately metered for gas and electric, offering flexibility and lower operating costs for the new owner.
The property sits on a quiet residential street with a deep driveway and additional off-street parking. There’s also shared outdoor space—perfect for relaxing or entertaining. Whether you're looking to live in one unit and rent out the other, or simply add a low-maintenance asset to your portfolio, this property checks all the boxes.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$55,080
|
$44.13
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$1,085
|
$0.87
|
| Effective Gross Income |
$53,995
|
$43.27
|
| Taxes |
$12,288
|
$9.85
|
| Operating Expenses |
$4,180
|
$3.35
|
| Total Expenses |
$16,468
|
$13.20
|
| Net Operating Income |
$37,527
|
$30.07
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $55,080 |
| Annual Per SF | $44.13 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $1,085 |
| Annual Per SF | $0.87 |
| Effective Gross Income | |
|---|---|
| Annual | $53,995 |
| Annual Per SF | $43.27 |
| Taxes | |
|---|---|
| Annual | $12,288 |
| Annual Per SF | $9.85 |
| Operating Expenses | |
|---|---|
| Annual | $4,180 |
| Annual Per SF | $3.35 |
| Total Expenses | |
|---|---|
| Annual | $16,468 |
| Annual Per SF | $13.20 |
| Net Operating Income | |
|---|---|
| Annual | $37,527 |
| Annual Per SF | $30.07 |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $1,507 | 625 |
1 1
Walk Score®
Very Walkable (72)
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VIDEOS
MATTERPORT 3D EXTERIOR
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STREET VIEW
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Single Story Duplex | 2216-18 Dunlop st
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