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Investment Highlights
- Once-in-a-Generation Opportunity: Little Italy properties don't come to market, they get passed down. This one did not.
- Three Buildings on Oversized Little Italy Lot: 4,274 SF of building on a 12,176 SF parcel.
- Use It However You Want: Downtown's most flexible zoning allows residential, office, retail, live/work, hotel, food and beverage, studios, and R&D.
- Delivered Completely Vacant: No tenants, no leases, no complications. Move in day one or lease it exactly the way you want.
- Twelve Gated Parking Stalls: The one thing Little Italy can never have enough of. This property has it.
- Built for an Owner, Not Just an Investor: Live in one building and lease the other. Lease both. Occupy the whole thing.
Executive Summary
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 2,502 square-foot
office building, a versatile, move-in-ready component that anchors this rare three-building offering. Around the corner on Juniper
Street sit two buildings totaling 2,024 square feet, permitted per building records as three 1-bedroom apartment units with a 3-car
garage, most recently operated as a 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 buildings. 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
others 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/
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 2,502 square-foot
office building, a versatile, move-in-ready component that anchors this rare three-building offering. Around the corner on Juniper
Street sit two buildings totaling 2,024 square feet, permitted per building records as three 1-bedroom apartment units with a 3-car
garage, most recently operated as a 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 buildings. 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
others 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/
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
4,274 SF
Building Class
C
Year Built
1975
Price
$3,500,000
Price Per SF
$818.91
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,274 SF
Slab To Slab
8’
Building FAR
0.35
Lot Size
0.28 AC
Zoning
CCPD-MC - Commercial Planned Development Mixed Community
Parking
12 Spaces (2.81 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Storage Space
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Very walkable
80/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 533-033-13 | Improvements Assessment | $292,109 |
| Land Assessment | $379,591 | Total Assessment | $671,700 |
Property Taxes
Parcel Number
533-033-13
Land Assessment
$379,591
Improvements Assessment
$292,109
Total Assessment
$671,700
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