1620 Union Street
$3,990,000
5,013 / 0.12
Description
The subject property is a 5,013 square foot site located at 1620 Union Street in the heart of Little Italy. The property is currently improved as a surface parking lot. The current owner has a month-to-month lease agreement with LAZ parking (terms of the agreement can be found on page 11 of the Offering Memorandum). Designed by Jonathan Segal FAIA Design, the offering includes a Site Development Permit for an Air Rights Tower to construct a 24-story, 250-foot tall residential development, totaling...The subject property is a 5,013 square foot site located at 1620 Union Street in the heart of Little Italy. The property is currently improved as a surface parking lot. The current owner has a month-to-month lease agreement with LAZ parking (terms of the agreement can be found on page 11 of the Offering Memorandum). Designed by Jonathan Segal FAIA Design, the offering includes a Site Development Permit for an Air Rights Tower to construct a 24-story, 250-foot tall residential development, totaling approximately 109,546 SF and compromised of 73 residential dwelling units and 70 parking spaces within a fully-automated mechanical parking garage. At the time of approval, the project was improved with a historical, single family home, which was to be relocated to 2462-2648 Newton Avenue. The home was relocated in September 2023, thereby satisfying the condition and vesting the permit. The timeline for pulling a building permit is generally indefinite and the entitlements have no expiration date. Union Tower is located in the heart of Little Italy, an urban community collecting some of the highest rents in all of San Diego County. Little Italy s resident base is predominantly comprised of affluent and educated residents. Little Italy is booming with award winning restaurants, trendy bars & nightlife, Italian inspired coffee and gelato shops, and more. With an impressive walk score of 99, many Downtown amenities are located within walking distance of the site, including Amici Park, the India Street commercial corridor, the Little Italy Trolley Station, and the Waterfront Park.
- Listed by Eric Comer • DRE #00842230 • Brokerage DRE #00842230 • Eric D. Comer, Broker
Property Details for 1620 Union Street
Zoning
CCPD-Res
Cross StreetsCedar Street
Parcel Number5333531100
AreaSan Diego (City) (SD)
Lot Size Area5013
HOA Fee Frequency 1Monthly
HOA Fee 2$0
HOA Fee Frequency 2Monthly
LISTING UPDATED: 12/12/2024 04:24 PM
Property Details for 1620 Union Street
Status | Active |
---|---|
MLS # | 240028345SD |
Days on Market | 5 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land Lot |
Year Built | - |
Lot Size | 0.12 AC |
County | San Diego County |
Building Information for 1620 Union Street
Lot Size0.12 AC
Property Information for 1620 Union Street
Property History for 1620 Union Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1620 Union Street
Taxable ValueLand$1,144,440Additions-Total$1,144,440
Tax Record2024$14,647 ($1,221 / month)
Home Facts
Total Finished SqFt1,470 SqFtAbove Grade Finished SqFt1,470 SqFtLot Size5,015 SqFtStyleCommercialYear Built2000ZoningCOMMERCIALCountySAN DIEGOAPN533-353-11-00
Schools near 1620 Union Street
This home is within San Diego Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Charter - | 9 to 12 | |||
Charter - | K to 8 |
Rating | School | Distance |
---|---|---|
Washington Elementary School PublicK to 5 | ||
Roosevelt International Middle School Public6 to 8 | ||
King-Chavez Community High School Charter9 to 12 | ||
Museum CharterK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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