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Located in the heart of Little Italy, this fully gated complex offers a unique opportunity to acquire a prime turn-key, proven income-producing investment in one of downtown San Diego's most desirable locations. The property consists of 8 studio bungalows, each with their own full kitchen, bathroom and patio space, community laundry, and all beautifully restored by award-winning architect Jonathan Segal, FAIA to attract today's urban and short-term renters. The property is historically designated granting special eligibility for short-term rentals, a feature not available to most properties in the area, and has a Mills Act contract for substantial tax savings. Just steps from India Street's renowned dining, cafés, the Little Italy Farmers Market, and San Diego's iconic waterfront, this walkable location drives exceptional year-round demand. Residents and guests enjoy easy access to the harbor, marina, waterfront Embarcadero, Gaslamp Quarter, and major freeways. Currently operating as successful short-term rentals, this property provides both immediate cash flow and long-term upside. This is truly not one to be missed!
Property Type(s):
Commercial
| Last Updated | 1/14/2026 | Year Built | 0 |
|---|---|---|---|
| Community | 92101 - San Diego Downtown | County | San Diego |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 92101 - San Diego Downtown |
| CONSTRUCTION | Stucco |
| HEAT | Wall Furnace |
| LOT | 4909 sq ft |
| LOT DIMENSIONS | 4908 |
Location
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Listed with Berkshire Hathaway HomeServices California Properties
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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