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Opportunity Zone Multifamily Conversion Project

247 Euclid Ave San Diego, CA 92114

247 Euclid Ave, San Diego, CA, 92114
$1,350,000
For Sale
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$1,350,000

Permitted project to convert 5 units into 10 units.

AddedMay 12
Days on Market65
Last RefreshJul 2 at 12:55 pm

Property Features for 247 Euclid Ave

General Information

Standard status
Active
Property subtype
Investment

Building Details

Year Built
1980

Listing office

Listing date May 12, 2026

Source Elliman

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 Lionel Correia


Investment Insights

Based on property information with market context.

This property presents an opportunity for builders and investors, particularly those interested in Opportunity Zones. The existing five-unit property has approved plans and paid permits to be converted into a ten-unit building, comprising five studio apartments and five one-bedroom apartments. One unit will be designated as affordable housing. The conversion will occur within the existing square footage, with no new construction involved. The seller will transfer the approved plans and paid permits to the new buyer, allowing for immediate commencement of construction upon purchase. The property has a bike score of 50, indicating it is bikeable, a walk score of 70, suggesting it is somewhat walkable, and a transit score of 49, indicating some transit options are available.

Key Highlights

  • Approved plans and paid permits to convert to a 10‑unit building.
  • Located in an Opportunity Zone, offering potential tax benefits.
  • No new construction needed; work within existing square footage.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Real Estate Agency Dental Office HVAC Service Electrical Service Kitchen & Bath Showroom Computer & Electronic Repair Gym & Fitness Center Furniture & Home Goods Grocery & Convenience Store

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

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 $1,350,000.
What are key features of this property?
This property features: Approved plans and paid permits to convert to a 10‑unit building.; Located in an Opportunity Zone, offering potential tax benefits.; No new construction needed; work within existing square footage.
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