918-32 27th Street #918-32, San Diego, CA 92102 - MLS#250035805

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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 3,500,000

Est. payment | -/mo

Save

$ 3,500,000

Est. payment | -/mo

Save

Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

Subdivision None(2161)

MLS Listing ID 250035805

Property Sub-Type Lots/Land

Property Description

We are pleased to offer 918-32 27th Street, an advantageous three-lot assembly in San Diego's vibrant Golden Hill neighborhood, offering a blend of immediate income and substantial redevelopment potential. Comprised of 3 parcels on a 17,560 SQ FT lot, this property distinctively features six revenue-generating duplex units. There are currently three (3) one-bedroom/one-bathroom units (500 SF each) and three (3) two-bedroom/one-bathroom units (600 SF each). The units, a mix of long-term leases and furnished short-term rentals, provide consistent cash flow for investors. Located in a Qualified Opportunity Zone (QOZ) with RM 2-5 zoning, an SDA overlay, and Tier 3 Complete Communities designation, the site supports a 6.5 FAR, enabling up to 113,951 square feet of buildable space, potentially yielding a 125+ unit development. With historical clearances already secured, the lot's elevated position offers sweeping views of the San Diego skyline and Coronado Bridge, enhancing its allure for future residents. Golden Hill's lively urban fabric, with a Walk Score of 86, places tenants within steps of eclectic experiential dining spots like Turf Supper Club and Counterpoint, boutique shops, and cultural hubs like the San Diego Museum of Art and the Golden Hill Fountain Grotto, Balboa Park's oldest design feature. Quick access to Downtown, North Park, Hillcrest, and major freeways (I-5, I-94) ensures seamless connectivity and convenience from this central location.

Location

State CA

County San Diego

Area Metro Central

Zoning RM-2-5

Direction No showings at this time; Please contact listing agent: Austin Ray Huffman (858) 373-3122 ahuffman@ipausa.com

Interior

Fireplace No

Exterior

View Y/N No

Others

Tax ID 5344112100

Listed by Austin Huffman Marcus & Millichap

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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918-32 27th Street #918-32 San Diego, CA 92102