1620 Union St Unit 1 San Diego, CA 92101
Little Italy NeighborhoodEstimated payment $14,973/month
Highlights
- Ocean View
- 5-minute walk to County Center/Little Italy
- 2-minute walk to Amici Park
- Partially Fenced Property
- Level Lot
About This Lot
MAJOR PRICE REDUCTION! Motivated Seller! The subject property is a 5,013 square foot site located at 1620 Union Street in the heart of Little Italy, currently improved as a surface parking lot. The owner has a month-to-month lease agreement with LAZ parking (terms of the agreement can be found on page 11 of the OM). Designed by Jonathan Segal FAIA Design, the offering includes a Site Development Permit for an Air Rights Tower to construct a 24-story, 250-foot tall residential development, totaling approximately 109,546 SF and comprised of 73 residential dwelling units and 70 parking spaces within a fully-automated mechanical parking garage. At the time of approval, the project was improved with a historical, single family home, which was to be relocated to 2462-2648 Newton Avenue. The home was relocated in September 2023, thereby satisfying the condition and vesting the permit. The timeline for pulling a building permit is generally indefinite and the entitlements have no expiration date. Union Tower is located in the heart of Little Italy, an urban community collecting some of the highest rents in all of San Diego County. Little Italy’s resident base is predominantly comprised of affluent and educated residents. Little Italy is booming with award winning restaurants, trendy bars & nightlife, Italian inspired coffee and gelato shops, and more. With an impressive walk score of 99, many Downtown amenities are located within walking distance of the site, including Amici Park, the India Street commercial corridor, the Little Italy Trolley Station, and the Waterfront Park.
Property Details
Property Type
- Land
Est. Annual Taxes
- $14,647
Lot Details
- 5,013 Sq Ft Lot
- Partially Fenced Property
- Level Lot
- Property is zoned CCPD-Res
Property Views
- Ocean
- Panoramic
- City
Utilities
- Underground Utilities
Listing and Financial Details
- Assessor Parcel Number 533-353-11-00
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $14,647 | $1,167,328 | $1,167,328 | -- |
| 2024 | $14,647 | $1,144,440 | $1,144,440 | -- |
| 2023 | $17,989 | $1,421,663 | $852,998 | $568,665 |
| 2022 | $20,081 | $1,075,693 | $645,416 | $430,277 |
| 2021 | $13,776 | $1,075,693 | $645,416 | $430,277 |
| 2020 | $5,282 | $387,078 | $232,246 | $154,832 |
| 2019 | $5,257 | $386,275 | $231,765 | $154,510 |
| 2018 | $4,881 | $375,084 | $225,050 | $150,034 |
| 2017 | $82 | $362,529 | $217,517 | $145,012 |
| 2016 | $4,436 | $341,001 | $204,600 | $136,401 |
| 2015 | $4,416 | $340,822 | $204,493 | $136,329 |
| 2014 | $3,030 | $223,459 | $111,729 | $111,730 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/12/2025 03/12/25 | Price Changed | $2,490,000 | -37.6% | -- |
| 12/12/2024 12/12/24 | For Sale | $3,990,000 | 0.0% | -- |
| 12/12/2024 12/12/24 | Off Market | $3,990,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,900,000 | Chicago Title Co Com Div | |
| Grant Deed | $1,250,000 | Lawyers Title Company | |
| Grant Deed | $985,000 | First American Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | South Coast Title Company | |
| Interfamily Deed Transfer | -- | South Coast Title Company | |
| Grant Deed | $167,500 | South Coast Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $650,000 | Commercial | |
| Previous Owner | $12,222 | Commercial | |
| Previous Owner | $935,000 | Seller Take Back | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $30,000 | Credit Line Revolving | |
| Previous Owner | $169,252 | No Value Available |
Source: San Diego MLS
MLS Number: 240028345
APN: 533-353-11
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