220 Southlook Avenue
San Diego, CA, 92113 $ 1,250,000
Baths0.0 Sq 1,388 Monthly Estimate*
$ 7,696
Listed by Richard Montano, Broker
Studio for $1,250,000. This 1,388 square foot home was built in 2023 on a lot size of 0.14.
This property is more than a home—it’s a massive development opportunity. Already fully remodeled, the existing 3-bedroom, 2-bath detached home is currently rented, generating income. But the real value lies in the approved plans to build four additional 2-bedroom, 1-bath units—all city approvals are complete, fees paid, and the sale comes with everything you need to start construction immediately. It’s truly shovel-ready. Upgrades to the existing home include a new roof, upgraded electrical panel and meters, brand-new kitchen cabinets and bathroom vanities, new countertops, LVP flooring, updated doors, fresh interior/exterior paint, retrofit windows, new light fixtures and ceiling fans, new tankless water heater, and more. The exterior has been refreshed with new stucco, gates, landscaping, and exterior lighting. Located in Logan Heights, one of San Diego’s most historic and culturally rich neighborhoods, the property is just minutes from the Gaslamp Quarter, East Village, Petco Park, and all that downtown San Diego has to offer. This is a rare opportunity to own a fully renovated income property with immediate expansion potential—all approvals in place, all fees paid, and all plans included. Construction can start tomorrow.
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FeaturesGeneralSewer Public Sewer
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Appliances Dishwasher Disposal Gas Oven Microwave Refrigerator
Zoning R-2:MINOR MULTIPLE
HOA Fee 0
Garage Spaces 0
Pool Features None
Year Built 2023
Property Subtype Duplex
Gross Income 35940
Community Features Storm Drain(s) Street Lights Sidewalks
County San Diego
Net Operating Income 17798
Operating Expense 18124
Insurance Expense 4142
Property Type Residential Income
HOA false
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Google Maps
City San Diego
Entry Location Front Door
Senior Community Y/N false
Number Of Units Total 2
MLS Area 92113 - Logan Heights
Lot Size Units Acres
Lot Size Square Feet 6098.4
Number of Units Leased 1
Listing Terms Cash Conventional FHA VA Loan
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2600264
Building Area Units Square Feet
Standard Status Active
Tax Lot 1/43 44
Property Sub Type Additional Duplex
Taxes 14000
Cap Rate 1.42
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InteriorFlooring Vinyl
Total Stories 1
Common Walls No Common Walls
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Laundry Closet
Entry Level 1
Total Baths 0
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ExteriorFencing Wood
Lot Features Landscaped Street Level
Total Parking 0
Lot Size Area 0.14
Number of Buildings 2
Spa false
Building Area Total 1388
Lot Size Acres 0.14
Private Pool false
Lot Size Source Public Records
Number of Separate Water Meters 1
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
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* Excluded FeaturesList ByRichard Montano, BrokerBroker
richard@liftingmountains.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $7,696
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in San Diego, CA
Average List Price $2,256,075
Percent of Sale Price 80%
About San Diego, CA 1,417,428 Population
15% Since 2002
$ 72,408 Median Income
36.37 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 1/10/2026 | $1,250,000 | | Listed Price |