Back

1 of 25

2 of 25

3 of 25

4 of 25

5 of 25

6 of 25

7 of 25

8 of 25

9 of 25

10 of 25

11 of 25

12 of 25

13 of 25

14 of 25

15 of 25

16 of 25

17 of 25

18 of 25

19 of 25

20 of 25

21 of 25

22 of 25

23 of 25

24 of 25

25 of 25

1525-1537 Union St
San Diego, CA 92101 Little Italy

$3,100,000 USD

Apartments For Sale • 2,304 SF

Property Details

Property Type Apartments
Total Building Size 2,304 SF
Lot Size 0.11 AC
Building Class B
Year Built 1926
Cap Rate 6.25 %
Zoning S

80 Transit Score

90 Walk Score

                
                    Highlights
                
                                Rare 8-unit bungalow-style asset in the heart of Little Italy, one of San Diego’s most supply-constrained and desirable rental submarkets
                            
                                Active Mills Act contract providing a significantly reduced property tax basis and enhanced cash flow
                            
                                Flexible investment strategy: continue short-term rental operations, transition to furnished mid-term rentals, or operate as traditional multifamily h
                            
                                Detached studio layout with individual entrances and private patio spaces, offering a level of privacy uncommon in urban multifamily assets
                            
                                Fully renovated, historically designated property with unique architectural character and strong curb appeal
                            
                                Transferable Conditional Use Permit (CUP) allowing short-term rental operations—an increasingly rare entitlement in Little Italy with no new permits b

Financial Summary (Actual)

Net Operating Income: $193,684 USD (2025)

Cap Rate:	6.25 %
Total Expenses:	$308,716 USD

Amenities

Air Conditioning
Cable Ready
Controlled Access
Courtyard
Fenced Lot
Laundry Facilities
Microwave
Washer/Dryer
Gated
Heating
Furnished Units Available
Gas Range
Tile Floors
Kitchen
Hardwood Floors
Refrigerator
Oven
Stainless Steel Appliances
Range
Tub/Shower
Breakfast Nook
Freezer
Patio
Warming Drawer
Window Coverings
Individual Locking Bedrooms
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
San Diego (Santa Fe Depot) (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze))	1 min	9 min	0.5 mi
Old Town Transit Center (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze))	5 min	-	3.4 mi
Transit/Subway	Drive	Walk	Distance
County Center/Little Italy (Blue Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley))	0 min	6 min	0.3 mi
Courthouse Station (El Cajon - Courthouse - MTS)	1 min	6 min	0.4 mi
Santa Fe Depot (Blue Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley))	1 min	9 min	0.5 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))	1 min	9 min	0.5 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	9 min	0.5 mi
Airport	Drive	Walk	Distance
San Diego International	6 min	-	2.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Bill Anderson 858-245-4887 ACRE Investment Real Estate Services

1525-1537 Union St San Diego, CA 92101 Little Italy