1620 Union Street

San Diego, CA 92101

$3,990,000
Price
5,013 / 0.12
Lot Size / Acres

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.
  1. Listed by Eric Comer • DRE #00842230 • Brokerage DRE #00842230 • Eric D. Comer, Broker

Property Details for 1620 Union Street

Zoning
CCPD-Res
Cross Streets
Cedar Street
Parcel Number
5333531100
Area
San Diego (City) (SD)
Lot Size Area
5013
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly
LISTING UPDATED: 12/12/2024 04:24 PM

Property Details for 1620 Union Street

StatusActive
MLS #240028345SD
Days on Market5
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.12 AC
CountySan Diego County

Building Information for 1620 Union Street

Lot Size0.12 AC

Property Information for 1620 Union Street

Community / Development
Community / Development
  • Association Fees Include: N/K
  • Senior Community: No
  • Builders Tract Name: Little Italy
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 0
  • View: Yes
  • View Description: City, Ocean, Panoramic
  • View: Ocean, Panoramic
  • Water: Available
  • Water District: CITY OF SAN DIEGO
Contract Info
Contract Info
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
  • Lot Acreage: 0.12
  • Lot Size Square Feet: 5013
  • Lot Location: Ocean
  • Topography: Level
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Fence: Partial
Lease Terms
Lease Terms
  • Entry Date: 12-12-2024
  • Listing Terms: Other

Property History for 1620 Union Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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1620 Union Street is a 0.12 ac of land for sale in San Diego, CA 92101. This property was listed for sale on December 11, 2024 by Eric D. Comer, Broker, it's currently listed at $3,990,000. It has been on the market for a total of 5 days and was last sold on January 22, 2021. This listing's school district is San Diego Unified School District. Nearby schools include Washington Elementary School, Roosevelt International Middle School and King-Chavez Community High School. 1620 Union Street is a 0-bed, 0-bath, 0.12 ac of land on a 5,013 sq. ft. / 0.12 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Eric D. Comer, Broker, Eric Comer, DRE #00842230

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