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1501 India St
San Diego, CA 92101 Little Italy

$1,459,000 USD

Apartments Condo For Sale  •  1,800 SF

Property Details

  • Property Type Apartments
  • Total Building Size 72,000 SF
  • Lot Size 0.81 AC
  • Building Class B
  • Year Built 2002
  • Zoning CCPD-NC
80 Transit Score
99 Walk Score

1 Unit Available

Name Condo Use Size Price Details
2nd Floor - Unit 205 Retail 1,800 SF $1,459,000 USD
  • Unit Size: 1,800 SF
  • Condo Use: Retail
  • Price: $1,459,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $810.56 USD
Description
RARE PURCHASE & INVESTMENT OPPORTUNITY IN LITTLE ITALY, this "Live/Work" condo offers a 2 bedroom condo with an additional 475 sq. ft. retail storefront that has an active commercial business.  You can own a residential condo for primary occupancy, vacation home or a residential rental, and also have a great long-term income from the tenant in the commercial store front of the condominium.

Sale Notes
MOTIVATED SELLER!  Retail Condo has a new tenant(Sept 2024) under a 5 yr. lease at $3,000 with 3% annual increases and 2 - 1 yr. extensions.  Seller will be doing a 1031 Exchange.  Residential unit can be rented up to $3,400 per month or can be occupied by the new owner.  Little Italy is one of the top destination neighborhoods in downtown San Diego with amazing walking traffic and one of the best weekend farmers markets in San Diego.

Description 

This is one of only 5 Live/Work Condos in the complex that is a total of 72 luxury condominiums.  Street level store front with new deli style tenant on the popular India St. in the heart of Little Italy.  Great walking traffic and neighborhood has many street fairs, community events and a popular farmers market every Saturday.  Residential condo is 1,325 sq. ft., 2 story townhome style with stainless steel appliances, granite countertops, wood plank flooring and new carpet in the upstairs bedrooms, landing and stairs.  Balcony overlooking Little Italy neighborhood and use of the community fitness facility, community room and courtyard areas. Gated garage with parking and storage.

Highlights

LIVE/WORK CONDO WITH RETAIL STOREFRONT TENANT IN HEART OF LITTLE ITALY NEIGHBORHOOD OF DOWNTOWN SAN DIEGO!

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Clubhouse
  • Dishwasher
  • Fitness Center
  • Microwave
  • Security System
  • Washer/Dryer
  • Gated
  • Grill
  • On-Site Retail
  • Granite Countertops
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Walk-In Closets

Public Transportation

Commuter RailDriveWalkDistance
San Diego (Santa Fe Depot) (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze)) 1 min 6 min 0.4 mi
Old Town Transit Center (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze)) 5 min - 3.2 mi
Transit/SubwayDriveWalkDistance
County Center/Little Italy (Blue Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley)) 0 min 2 min 0.1 mi
Santa Fe Depot (Blue Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley)) 1 min 6 min 0.3 mi
America Plaza (Blue Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley), Orange Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley)) 1 min 6 min 0.3 mi
Courthouse Station (El Cajon - Courthouse - MTS) 1 min 8 min 0.4 mi
Civic Center (Blue Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley), Orange Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley)) 2 min 12 min 0.6 mi
AirportDriveWalkDistance
San Diego International 6 min - 2.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: AttachedGarage
Included in Rent: Yes
Eric Jones 619-885-8003 Sotheby's International Realty LLC
Eric Jones 619-885-8003 Sotheby's International Realty LLC