Little Italy Income
For Sale
Contact for pricing
1525-1537 Union St, San Diego, CA 92101
Turn-key investment in a prime Little Italy location.
Property Size2,304 SF
Price / SF$1,733
Days on Market210
Property Features for 1525-1537 Union St
General Information
Standard status
Active
Size
2,304 SF
Property subtype
Multifamily
Zoning
CCPD-R
Listing Agency:
Berkshire Hathaway HomeServices California Properties
(858) 663-0911
Listed By:
Tim Van Damm · License #CA 02011614
Source:
Crexi
Added: Jan 14
Changed: Aug 8
Last Checked: Aug 8 at 2:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices California Properties
Investment Insights
Based on property information with market context.
Located in the heart of Little Italy, this fully gated complex presents an opportunity to acquire a turn-key, income-producing investment. The property comprises 8 studio bungalows, each featuring a full kitchen, bathroom, and patio space. Community laundry facilities are available. The bungalows have been restored by award-winning architect Jonathan Segal, FAIA, to appeal to urban and short-term renters. The property's historical designation grants eligibility for short-term rentals, a feature not available to most properties in the area. A Mills Act contract provides potential tax savings. Situated steps from India Street’s dining and cafes, the Little Italy Farmers Market, and San Diego’s waterfront, the walkable location is expected to drive year-round demand. Residents and guests have access to the harbor, marina, waterfront Embarcadero, Gaslamp Quarter, and major freeways. Currently operating as short-term rentals, this property offers immediate cash flow and long-term upside. The property size is 2304 square feet.
Key Highlights
- Proven income‑producing investment property with 8 studio bungalows.
- Historically designated, granting special eligibility for short‑term rentals (STR) - a rare feature.
- Mills Act contract in place, providing substantial property tax savings.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
11,721
Businesses Nearby
Explore this area
Business Placement
Demographics for 92101, CA
47,505
Population
32,909
Households
1.4
Avg Household Size
39
Median Age
57%
College-Educated
92%
High-School Grad
5.4 sq mi
ZIP Area
8,797
Density / Sq Mi
$90,477
Median Household Income
$72,371
Median Earnings
$2,351
Median Rent
$740,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Turn-key investment in a prime Little Italy location.
Where is this short term rental property located?
The property is located at 1525-1537 Union St San Diego, CA.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: Proven income‑producing investment property with 8 studio bungalows.; Historically designated, granting special eligibility for short‑term rentals (STR) - a rare feature.; Mills Act contract in place, providing substantial property tax savings.
