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… Read More 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! Read Less
Property listed by Berkshire Hathaway HomeServices California Properties, Tim Van Damm 310-259-7556
Listing Snapshot
Days Online
15
Last Updated
Property Type
MixedUse
Lot Size
0.11 Acres
MLS Number
2601084SD
Additional Details
Building
7 buildings, Construction Materials: Stucco
Cooling
WallWindowUnits
Expenses
Operating: $75,000
Heating
WallFurnace
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $499,979
Lot
0.1127 acres
Roof
Tile
Taxes
Parcel Number: 5333420400
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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