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    532 24Th St San Diego, CA 92102

    For Sale
    $699,000

    Downtown Sherman Heights property with plans for four units.

    Lot size:
    0.12 Acres

    Property Features for 532 24Th St

    General Information

    Lot size
    0.12 Acres

    Building Details

    Year built
    2020

    Source: Coldwell Banker Realty Agent Priscylla Connelly

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

    Overview

    Sherman Heights Multifamily Development Opportunity

    Located in the Downtown neighborhood of Sherman Heights, the property at 24th & Market presents an opportunity for experienced investors, contractors, or builders. Existing plans and permits are in place, offering the option to continue the project as is or customize it. The property currently includes a spacious unit with 2 bedrooms and 2 full bathrooms. Plans are in place to develop a total of 4 units: three units with 3 bedrooms and 2 bathrooms each, and one unit with 2 bedrooms and 2 bathrooms. This property represents a chance to create a home or an investment property in a sought-after location.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    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
    -117.1426723
    Latitude
    32.7110613

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    FAQs

    What type of property is this?
    Multifamily property - Downtown Sherman Heights property with plans for four units.
    Where is this multifamily property located?
    The property is located at 532 24Th St San Diego, CA.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Prime property in the desirable Downtown neighborhood of Sherman Heights.; - Existing plans and permits in place for a 4-unit development.; - Opportunity to customize the project to your vision.
    (858) 213-6586
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    532 24Th St San Diego, CA 92102
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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
    532 24Th St San Diego, CA 92102
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