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33424076

2329 India Street, San Diego, CA 92101

Marcus & Millichap - Downtown San Diego
NT
CA 01922255, 0192255
Marcus & Millichap - Downtown San Diego
Listed by Marcus & Millichap - Downtown San Diego
$4,000,000
5 days on market
Updated 5 days ago

India & Juniper @ Little Italy

Details
Property Type Multifamily, Office (+1)
Square Footage 4,274
Net Rentable (SqFt) 4,274
Tenancy Vacant
Price per SqFt $936
Year Built 1975
Buildings 3
Lot Size (SqFt) 12,176
Parking Spaces 12 spaces
Parking Per SqFt 2.81
Investment Type Owner/User
Ground Lease No

Irreplaceable Little Italy Mixed-Use | Three Buildings | 12 Parking Stalls | 12,176 SF Lot

Investment highlights

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 2,250 square-foot structure originally built as a residence and reconstructed as an office building generations ago, a versatile, move-in-ready component that anchors this rare three-building offering. Around the corner on Juniper Street sits a 2,024-square-foot building, originally apartments, most recently operated as 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 building. 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 other 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/

Listing Contacts

Marcus & Millichap - Downtown San Diego
NT
CA 01922255, 0192255
Marcus & Millichap - Downtown San Diego
Listed by Marcus & Millichap - Downtown San Diego

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