20
See all 20 photos
$3,995,000
Est. payment /mo
4,909 Sqft Lot
New
1525 Union St San Diego, CA 92101
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2601084SD
HOA Y/N No
Lot Size 4,909 Sqft
Property Sub-Type Mixed Use
Property Description
Located in the heart of Little Italy, this fully gated complex offers a unique opportunity to acquire a prime turn-key, proven income-producing investment in one of downtown San Diego's most desirable locations. The property consists of 8 studio bungalows, each with their own full kitchen, bathroom and patio space, community laundry, and all beautifully restored by award-winning architect Jonathan Segal, FAIA to attract today's urban and short-term renters. The property is historically designated granting special eligibility for short-term rentals, a feature not available to most properties in the area, and has a Mills Act contract for substantial tax savings. Just steps from India Street's renowned dining, cafés, the Little Italy Farmers Market, and San Diego's iconic waterfront, this walkable location drives exceptional year-round demand. Residents and guests enjoy easy access to the harbor, marina, waterfront Embarcadero, Gaslamp Quarter, and major freeways. Currently operating as successful short-term rentals, this property provides both immediate cash flow and long-term upside. This is truly not one to be missed!
Location
State CA
County San Diego
Area 92101 - San Diego Downtown
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Roof Type Tile
Others
Tax ID 5333420400
Listed by Tim Van Damm Berkshire Hathaway HomeServices California Properties
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