2329 India St - Office/Residential FOR SALE


San Diego, CA 92101- Little Italy
$3,500,000 USD
619-651-3412
2329 India St, San Diego, CA for Sale
$3,500,000 USD
Office/Residential - FOR SALE
1/1
null | Request Cap Rate

2329 India St
San Diego, CA 92101
Little Italy


HIGHLIGHTS

  • Once-in-a-Generation Opportunity: Little Italy properties don't come to market, they get passed down. This one did not.
  • Delivered Completely Vacant: No tenants, no leases, no complications. Move in day one or lease it exactly the way you want.
  • Three Buildings on Oversized Little Italy Lot: 4,274 SF of building on a 12,176 SF parcel.
  • Twelve Gated Parking Stalls: The one thing Little Italy can never have enough of. This property has it.
  • Use It However You Want: Downtown's most flexible zoning allows residential, office, retail, live/work, hotel, food and beverage, studios, and R&D.
  • Built for an Owner, Not Just an Investor: Live in one building and lease the other. Lease both. Occupy the whole thing.

OVERVIEW

The Totah Group of Marcus & Millichap is pleased to present 2329 India Street, a 4,274 square-foot, three-building mixed-use offering on a 12,176-square-foot lot in the heart of Little Italy, San Diego’s most tightly held and highest-barrier-to-entry urban submarket. Little Italy trades quietly. Properties here have been held for decades, passed down through families, and rarely surface on the open market. India & Juniper is one of those rare moments when something genuinely scarce comes available. The offering comprises three buildings on a single, oversized parcel. Fronting India Street is an approximately 2,502 square-foot office building, a versatile, move-in-ready component that anchors this rare three-building offering. Around the corner on Juniper Street sit two buildings totaling 2,024 square feet, permitted per building records as three 1-bedroom apartment units with a 3-car garage, most recently operated as a professional office. Together they were home to Arnold & Arnold and a roster of attorneys who made India & Juniper their address for decades. The property’s quiet superpower is what connects the three buildings: a gated, shared parking lot for twelve cars, plus the three garages beneath the Juniper St buildings. In Little Italy, where parking is the single greatest constraint on tenant demand and asset value, twelve secured stalls is a feature you cannot replicate. The Owner-User Opportunity: A business can plant its flag in Little Italy at a level of visibility and parking convenience that is functionally unavailable elsewhere in the submarket. Occupy the full 4,274 square feet, or owner-occupy one building and lease the others to offset carrying cost while capturing depreciation, mortgage interest deductions, and long-term equity growth. The Investor Opportunity: Three buildings, one oversized lot, twelve parking stalls, and an India Street address. The paths to value are open: reposition the existing buildings to creative office, F&B, retail, or live work; lease to the steady professional demand the neighborhood generates; or take a longer view toward redevelopment under Mixed Commercial zoning. Few canvases in San Diego are this blank, in a location this proven. Download the OM here: https://thetotahgroup.com/property/india-street/

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$819 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Freestanding, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,349 SF

ZONING

CCPD-MC

APN/PARCEL ID

533-033-13

ASK ABOUT THIS PROPERTY

Nick TotahMarcus & MillichapMore Info
619-651-3412

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Nick TotahMarcus & MillichapMore Info
619-651-3412

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.