Property summary
This exceptional mixed-use property, located in the heart of Old Town San Diego, presents a unique redevelopment opportunity. The 2,231 square foot building sits on a 4,602 square foot lot and boasts a charming Spanish-style exterior. Currently configured as a two-unit office space (Suite A: 1,600 sq ft, Suite B: 631 sq ft), the property offers significant flexibility. Suite A features a vaulted entryway, reception area, three private offices, an open office area, kitchenette, storage, and two restrooms (one with a shower). Suite B includes a private entrance, open office area, eat-in kitchen, conference room, storage, and a restroom. The property includes five parking spaces, with potential for expansion. The OTRM-2-2 zoning allows for a maximum density of one dwelling unit per 1,000 square feet of lot area, enabling the development of single-family residences, two-to-four-unit multifamily dwellings, or a mixed-use configuration combining residential and commercial space. Conceptual plans for residential interior remodeling and relevant San Diego Municipal code zoning information are available. The property's central Old Town location provides convenient access to numerous restaurants, retail amenities, and major transportation arteries, including Interstates 5 and 8, and the Old Town Transit Center (buses, trolley, Amtrak, and Coaster). This is an ideal investment for owner-users seeking redevelopment potential in a highly desirable San Diego neighborhood. The asking price is $1,695,000. Built in 1985, this property offers a blend of character and potential.
Property profile
VerifiedCap rate & NOI
Current use
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Marketing & Advertising Advertising Agency
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Corporate Office
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Publishing House
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Charitable Organization
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
COMMERCIAL · San Diego, CAZoning
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Zoning designation
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