247 Euclid Ave San Diego, CA 92114
Property Features for 247 Euclid Ave
General Information
- Property type
- Investment
- Standard status
- Active
- Lot size
- 0.36 Acres
Building Details
- Year built
- 1980
Source:
Elliman
Listing Agent: Lionel Correia
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Opportunity Zone Multifamily Conversion Project
This property presents an opportunity for builders and investors, particularly those interested in Opportunity Zones. The existing five-unit property has approved plans to be converted into a ten-unit building, comprising five studio apartments and five one-bedroom apartments. One unit is designated as affordable. The conversion will occur within the existing square footage of the building, without new construction. Permits have been secured and paid for, and the seller intends to transfer the plans and permits to the new buyer, allowing for immediate commencement of construction upon purchase. The property is located in San Diego, CA.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.0846916
- Latitude
- 32.7068151
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Permitted project to convert 5 units into 10 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: - Permits are paid for and ready for transfer, allowing immediate construction start.; - Approved plans to convert existing 5-unit property into 10 units (5 studios and 5 one-bedroom apartments).; - Located in an Opportunity Zone, offering potential tax benefits for investors.
