Home | San Diego County | San Diego | 92101 | 1525-1537 Union Street
MLS: SD260009061 | Status: | Price: $3,100,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | – | – |
The Union Street Bungalows offers a unique opportunity to acquire a fully renovated, historically designated 8-unit bungalow-style property in the core of Little Italy—one of San Diego’s most dynamic and high-demand urban neighborhoods. The asset is currently operated as a short-term rental property and is supported by a transferable Conditional Use Permit (CUP), a highly limited entitlement within the neighborhood. With new approvals no longer being issued in Little Italy, this designation represents a meaningful barrier to entry and a significant advantage over competing properties. In addition, the property is subject to a Mills Act contract, which provides a reduced property tax basis tied to its historic designation. This structure results in materially lower operating expenses compared to similar assets, improving overall investment performance. The property was thoughtfully revitalized under the direction of Jonathan Segal, and reflects a cohesive blend of architectural character and contemporary functionality. The eight detached studio residences are arranged in a bungalow-style layout that prioritizes privacy and individuality—an uncommon feature in downtown multifamily properties. The site’s configuration, with separate entrances and outdoor areas for each unit, support
| Field | Value |
|---|---|
| MLS # | SD260009061 |
| MLS Source | San Diego MLS |
| Days on Site | 7 |
| Feature | Details |
|---|---|
| Cooling | Window/Wall Unit |
| Feature | Details |
|---|---|
| Garage/Parking | No Parking, Garage: Car(s) |
Bill Anderson
Acre Investment Real Estate
License #: 01441142
Phone: (858) 245-4887
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 7 | – | 8 |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Washington Elementary School | public | K-5 | 0.20 mi | 4 |
| San Diego High School | public | 9-12 | 0.71 mi | 6 |
| San Diego High School of Business and Leadership | public | 9-12 | 0.85 mi | 1 |
| East Village High | public | 9-12 | 0.88 mi | 10 |
| Garfield High School | public | 9-12 | 0.96 mi | 3 |
| Sherman Elementary School | public | K-5 | 1.53 mi | 4 |
| Monarch School | public | K-12 | 1.58 mi | 2 |
| Roosevelt International Middle School | public | 6-8 | 1.64 mi | 4 |
| Perkins Elementary School | public | K-8 | 1.73 mi | 3 |
| Florence Elementary School | public | K-5 | 1.91 mi | 7 |
| Grant K-8 | public | K-8 | 2.02 mi | 7 |
| Kimbrough Elementary School | public | K-5 | 2.06 mi | 3 |
| Coronado Middle School | public | 6-8 | 2.07 mi | 7 |
| Burbank Elementary School | public | K-5 | 2.14 mi | 5 |
| Coronado Unified Special Education Pre-K | public | UG | 2.15 mi | N/A |
| Village Elementary School | public | K-5 | 2.15 mi | 8 |
| Coronado High School | public | 9-12 | 2.17 mi | 10 |
| Golden Hill K-8 | public | K-8 | 2.43 mi | 3 |
| Logan Memorial Educational Campus | public | K-12 | 2.45 mi | 2 |
| Home & Hosp/Transition Support | public | K-12 | 2.47 mi | N/A |
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 904-14 24th Street | $2,650,000 | – | – | – | |
| 406-408 & 408b E Ave | $2,990,000 | – | – | – | Active |
| 1644 Grove Street | $2,900,000 | – | – | – | |
| 801-807 Torrance Street | $3,250,000 | – | – | – | Active |
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This listing information is up-to-date as of April 16, 2026. For the most current information, please contact Bill Anderson, (858) 245-4887.