20
See all 20 photos
$3,995,000
Est. payment /mo
2,304 SqFt
New
1525-1537 Union St San Diego, CA 92101
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Key Details
Property Type Single Family Home
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 2,304 sqft
Price per Sqft $1,733
MLS Listing ID 2601084
Lot Size 4,908 Sqft
Property Sub-Type Com-Res Income
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
Community Other/Remarks
Area Metro Central
Direction Kettner Blvd to 5 South exit/continue on Front St. Right on Cedar St. Left on Union St.
Interior
Heating Wall
Cooling Wall/Window
Flooring Hardwood, Tile
Fireplace No
Laundry Owned
Exterior
Parking Features None
View Y/N No
Roof Type Other/Remarks,Tile
Building
Dwelling Type Other/Remarks
Story 1
Others
Senior Community No
Tax ID 533-342-04-00
Acceptable Financing Other/Remarks
Listing Terms Other/Remarks
Listed by Tim Van Damm Berkshire Hathaway HomeServices California Properties
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