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1135 - 41 26th Street San Diego, CA 92102
$1,375,000 2 beds, 2 baths
0 sqft
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Agent Remarks

Property has been successfully UPGRADED. The parcels consisting 534-301-02-00 and 534-301-01-00 have been MERGED by the County into a single NEW PARCEL #534-301-24-00. We previously received a great deal of interest from smaller investors, but conventional financing had been difficult as 534-301-01-00 (.06 acres) was a vacant lot. Now, 534-301-24-00 (.12 acres) is duplex with 4 garages with .06 acres of it being undeveloped. It should be possible for a buyer to move into one of the cottages and rent out the other to help pay for the mortgage. Fannie Mae, owner-occupied financing should be possible for the ENTIRE PROPERTY now. An additional UPGRADE was the EXTENSION OF THE DRIVEWAY to be entirely on the 534-301-24-00 parcel to eliminate a shared driveway from B Street with the neighbor to the East. This should allow the entire parcel to be developable. This duplex is located in a vibrant part of Golden Hill. It is on the path of redevelopment. Pershing Drive turns into 26th street, and therefore 26th Street is a main gateway to Golden Hill and Balboa Park! Each unit has a small patio and off-street parking which is highly desirable in this part of the town. There are two 1-car garages below each cottage for a total of 4 garages. This property in the path of major redevelopment and has the potential for of over 30 units. There are many possibilities. Buyers to verify the number of entitlements with the City of San Diego. The Projected Income was based on $1850 with each cottage having 1 garage. The 2 remaining 2 garages could fetch $200/month separately.

Listing Details

Property type: Res Income 2-4 Units (Multi-Family)
Status: ACTIVE
MLS# 240018236
List price is $1,375,000 Reduced by $50,000 on 7/7/2025
Beds: 2
Baths: 2
Built in 1941
1 story
0.12 acres
Subdivision: SAN DIEGO
County: San Diego
Zoning: variable
Construction: Stucco
MLS area: Metro Central
Pets Allowed: Yes

Last Updated: 7/10/2025

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This listing belongs to the Metro Central MLS area

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Lat/Long: 32.717589, -117.138072.
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Listing Agent: Brant L Candelore
Lic#: 01276603
Office Name: Tustin

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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Lic#: 01276603

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Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
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