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1929 Columbia St

San Diego, CA 92101
  • $13,995,000
  • STATUS: ACTIVE
  • ON SITE: 178 Days
  • ID#: 240019043
UPDATED: 41 min ago
$13,995,000
  • 6
    BEDS
  • 0.12
    ACRES
  • 7
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
County:

School Ratings & Info

Description

Wealth Accumulation has never been so beautiful with this architecturally daring ultra modern and sleek apartment building in the center of Little Italy; Downtown San Diego's hottest and most developing neighborhood! A world class asset surpassing every expectation for Southern California’s high-end real estate and truly a unique phenomenon anywhere in the globe, this penthouse is highly cultivated and detail rich, with sweeping views of the San Diego Bay and Pacific Ocean. Not only is it first in class, it also generates substantial income from the 17 apartment units to which it soars above. The offering is the ENTIRE building, which includes the nearly 7,000 sq. ft. penthouse (interior and exterior) in addition to 4 x 2 bedroom units, 12 x 1 bedroom units and a ground floor studio. While the building has verifiable income today, the possibilities are endless as entire floors can be adapted for other use types: convert a floor for employees’ office space, host out of town guests, run your own bed and breakfast, the options are truly endless!

Monthly Payment Calculator

San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/153617213
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1929 Columbia St San Diego, CA 92101

  • Price: $13,995,000
  • Status: ACTIVE
  • On Site: 178 Days
  • Updated: 41 min ago
  • ID#: 240019043
6
Beds
7
Baths
0
½ Baths
0.12
Acres
Neighborhood:
San Diego Downtown (92101)
County:
San Diego
Area:
San Diego Downtown (92101)
Property Description
Wealth Accumulation has never been so beautiful with this architecturally daring ultra modern and sleek apartment building in the center of Little Italy; Downtown San Diego's hottest and most developing neighborhood! A world class asset surpassing every expectation for Southern California’s high-end real estate and truly a unique phenomenon anywhere in the globe, this penthouse is highly cultivated and detail rich, with sweeping views of the San Diego Bay and Pacific Ocean. Not only is it first in class, it also generates substantial income from the 17 apartment units to which it soars above. The offering is the ENTIRE building, which includes the nearly 7,000 sq. ft. penthouse (interior and exterior) in addition to 4 x 2 bedroom units, 12 x 1 bedroom units and a ground floor studio. While the building has verifiable income today, the possibilities are endless as entire floors can be adapted for other use types: convert a floor for employees’ office space, host out of town guests, run your own bed and breakfast, the options are truly endless!
Exterior Features

Carports 0 Construction BlockStucco Exterior Fully Landscaped Parking Garages Parking Spaces Total 9 Roof Other/Remarks

Interior Features

Cooling Central Forced Air Elec Floor Coverings Other/Remarks Floors Slab Heating Central Forced Air Elec Laundry Owned Sq Ft Of Improvement 13984 Units With Dishwashers 18 Units With Disposals 18 Units With Ranges 18 Units With Refrigerators 18

Property Features

Actual Cap Rate 4.0 Actual Cash On Cash 133000 Actual Gross Scheduled Income 810000.0 Actual Operating Expense 258000 Assumable Finance 0 Buildings 1 Complex Features Elevator Existing Financing Other/Remarks Financial Information Source Owner Gross Equity 0 Gross Multiplier 17.25 Have 17 Units + PH Mandatory Remarks None Known Market Area Metro Central Monthly Rent Total 67630 Motive Want Sell Other Income Source ParkEtc. Sq Ft Source Plans Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water Y Terms CashExchange DownExchange UpOwner May Carry 1stOwner May Carry 2nd Unit Number1 1 Unit Number2 12 Unit Number3 4 Unit Number4 1 Unit Rent Total1 1500 Unit Rent Total2 24782 Unit Rent Total3 11025 Unit Rent Total4 25000 Unit Rent1 1500 Unit Rent2 2200 Unit Rent3 2775 Unit Rent4 25000 Unit Type Apartment Zoning COMMERCIAL

San Diego MLS logo Listing provided courtesy of Prem Advani of Compass: 858-829-7688. Listing information © 2025 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
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The Neuman Team
516 5th Avenue
San Diego CA, 92101