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220 Southlook Avenue, San Diego, California 92113, San Diego, 92113 - bed, bath

220 Southlook Avenue, San Diego, California 92113 home-pic-0
ACTIVE$1,250,000$1,388/sqft
220 Southlook Avenue, San Diego, California 92113
0Bed
0Bath
1,388Sqft
6,098.4Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Shovel-Ready Development: All city approvals are complete, fees paid, and plans included for building four additional 2-bedroom, 1-bath units, allowing immediate construction commencement.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6098, other record lot size in square feet = 6272.

Compared to the nearby listings

Price:$1.25M vs avg $749.5K (+$500,500)83%
Size:1,388 sqft vs avg 1,486.5 sqft33%
Price/sqft:$901 vs avg $44083%

More Insights

Built in 2023 (3 years old).
Condition: This property has been extensively and recently renovated, as detailed in the description and confirmed by the images. The 'year_built: 2023' likely reflects the completion of this comprehensive remodel. The kitchen features brand-new, modern gray shaker cabinets, white quartz countertops with a waterfall edge, and new stainless steel appliances. Bathrooms are equally updated with new vanities, modern fixtures, subway tile surrounds, and backlit LED mirrors. New LVP flooring, fresh paint, updated lighting, and major system upgrades (roof, electrical, tankless water heater) mean all components are virtually new and meet current quality standards, indicating no deferred maintenance.
Year Built
2023
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
$901
HOA
-
Days on market
-
Sold On
-
MLS number
PTP2600264
Home ConditionExcellent
Features
View-

About this home

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.

R
Richard Montano
Listing Agent

Nearby schools

3/10
Emerson/Bandini Elementary School
Public,•K-6•0.7mi
3/10
Memorial Scholars & Athletes School
Public,•6-8•1.1mi

Price History

Date
Event
Price
04/25/25
Sold
$835,000
08/13/24
Sold
$585,000
Condition Rating
Excellent
This property has been extensively and recently renovated, as detailed in the description and confirmed by the images. The 'year_built: 2023' likely reflects the completion of this comprehensive remodel. The kitchen features brand-new, modern gray shaker cabinets, white quartz countertops with a waterfall edge, and new stainless steel appliances. Bathrooms are equally updated with new vanities, modern fixtures, subway tile surrounds, and backlit LED mirrors. New LVP flooring, fresh paint, updated lighting, and major system upgrades (roof, electrical, tankless water heater) mean all components are virtually new and meet current quality standards, indicating no deferred maintenance.
Pros & Cons

Pros

Shovel-Ready Development: All city approvals are complete, fees paid, and plans included for building four additional 2-bedroom, 1-bath units, allowing immediate construction commencement.
Immediate Income Generation: The existing 3-bedroom, 2-bath detached home is fully remodeled and currently rented, providing instant cash flow from day one.
Extensively Renovated Existing Home: The current unit boasts a new roof, upgraded electrical, brand-new kitchen and bathroom finishes, new flooring, retrofit windows, and fresh paint, minimizing immediate maintenance needs.
Prime Urban Location: Located in Logan Heights, a historic and culturally rich San Diego neighborhood, minutes from Gaslamp Quarter, East Village, and Petco Park, enhancing rental demand and property value.
High Value-Add Potential: The opportunity to expand from one income-generating unit to five significantly increases the property's overall income potential and market value.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6098, other record lot size in square feet = 6272.
Recently Sold Property: The property was recently sold within the past year on 2025-04-25. The sold price is $835,000.00.
Substantial Capital Investment Required: While plans are approved, the actual construction of the four additional units will necessitate a significant financial outlay from the buyer.
Active Construction Management: The buyer will be responsible for overseeing and managing a large-scale construction project, demanding time, expertise, and potential operational challenges.
Market Risk for Future Units: The success and profitability of the four new units will depend on future rental market conditions, competition, and absorption rates in the Logan Heights area.
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