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    247 Euclid Ave San Diego, CA 92114

    For Sale
    $1,399,000

    Five-unit property with permits for expansion to ten units.

    Lot size:
    0.36 Acres

    Property Features for 247 Euclid Ave

    General Information

    Lot size
    0.36 Acres

    Building Details

    Year built
    1980

    Source: LPT Realty, Inc. Agent Lionel Correia

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Existing Multifamily Property with Expansion Plans

    This property presents an opportunity for builders and investors. The existing five-unit property has approved plans to be converted into a ten-unit building, comprising five studios and five one-bedroom apartments. One unit is designated as affordable. The expansion will occur within the existing square footage, without new construction. Permits have been secured and paid for by the seller, and will be transferred to the new buyer, allowing for construction to commence immediately upon purchase.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.0846916
    Latitude
    32.7068151

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    FAQs

    What type of property is this?
    Apartment building - Five-unit property with permits for expansion to ten units.
    Where is this apartment building located?
    The property is located at 247 Euclid Ave San Diego, CA.
    What is the asking price?
    The asking price for this property is $1,399,000.
    What are key features of this property?
    This property features: - Approved plans for conversion from 5 units to 10 units included (5 studios, 5 one-bedroom apartments).; - Permits are already paid for and will be transferred to the buyer.; - Construction can commence immediately after purchase.
    (619) 993-6555
    Request Owner's contact information
    247 Euclid Ave San Diego, CA 92114
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    San Diego, CA 92114
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    247 Euclid Ave San Diego, CA 92114
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