For Sale
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Property summary
A Great opportunity for an owner/user or Investor/developer. The Property is owner-occupied by a church with a sanctuary on the first floor, and an upstairs apartment converted to a large open meeting room, office, and kitchen. Numerous options for the new owner include occupying the Property As-Is or converting the first floor to retail or office use and the second floor to a three-bedroom, one-bath apartment. Investors/developers will find value in the Property's favorable zoning, CC-3-6 Mixed Use Zoning, which allows for mixed-use and the possibility to increase density and receive incentives through the Complete Communities: Housing Solutions program because of the Property's location with a TransitPriority Area. MORE INFO: https://www.sandiego.gov/complete-communities/housing-solutions. There is also more information on HUBZone: https://www.sandiego.gov/economic-development/industry/hubzone. HUBzone was created to stimulate economic development and employment growth in communities by providing Federal contracting preferences to small businesses. Lastly, the information on Opportunity Zones is as follows: https://economicdevelopment.business.ca.gov/place-based-strategies/opportunity-zones/. Opportunity Zones incentivize investment and economic development in distressed communities by providing federal tax benefits to investors for qualified uses. The incentive enables a temporary deferral of capital gains for qualified investments through a Qualified Opportunity Fund (QOF) established with the Internal Revenue Service (IRS). The Property is in the bustling Grant Hill community within the highly traveled Market Street corridor. Walking distance to Grant Hill Community Park, public transit, and commercial services. It is adjacent to State Route 94 and less than a mile from Interstate 5—minutes from East Village, Downtown San Diego, Balboa Park, and San Diego International Airport. 3D Property Tour and Photos: https://blueskypixs.hd.pics/540-27th-St
Property profile
VerifiedCap rate & NOI
Current use
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Church
Value estimations
Owner & transaction history
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
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the San Diego market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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