1224 27th, San Diego, California 92102, San Diego, 92102 - 2 bed, 1 bath
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San Diego, California 92102
Analysis of 1224 27th, San Diego, California 92102 is currently available with a list price of $860,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the San Diego Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The property is currently a construction site featuring a partially demolished structure originally built in 1930. It is unlivable in its current state, with the listing value residing in the land and the included stamped permits for a new two-unit development project.
The property includes stamped permits for two ~1,000 SF townhome-style units, allowing a buyer to bypass lengthy municipal permitting timelines and begin construction immediately.
Ideally situated within a 5-10 minute walk to Balboa Park and the popular dining and entertainment options in Golden Hill, ensuring high future resale or rental demand.
The seller offers the unique advantage of lining up construction services, providing a streamlined path for investors or owner-occupants to execute a high-value 'house hack' or dual-unit investment.
The $860,000 list price covers the land and permits only; the buyer will need to secure substantial additional financing to cover the full cost of constructing the two new units.
The local public schools carry ratings between 3 and 5, which may be a deterrent for families specifically seeking top-tier educational districts.
Who is looking for their own easy ADU project?! This is perfect for first time ADU builders, savvy investors, as well as buyers looking to build their own house hacked 2 unit to live in! The property will come with stamped permits to build TWO side by side ~1000 SF 2BR 2BA townhome style units, fully amenitized with washer/dryer in unit, AC, balconies and patio space, and parking on site! Location doesn't get better: 5-10 minute WALK to beautiful Balboa Park and some of the best restaurants in Golden Hill! Construction can even be lined up by the Seller for a turnkey experience - reach out to Florian for more info, plans, valuation etc (or agents click D in MLS). Take advantage of NOT having to wait for long permitting timelines, grab your tools and let the fun begin!
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-8 • 0.8 mi
Grades 6-8 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 34% |
| Baths | 1.0 | 2.0 | 34% |
| Square foot | 984 | 1,290.5 | 31% |
| Lot Size | - | 5,256 | 19% |
| Price | $860.0K | $806.0K | 59% |
| Price per sq ft | $874 | $787 | 72% |
| Built year | 1930 | 1953 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 132 | 9% |
Mar 30, 2026
$860,000
Initial Listing
Nov 5, 2024
$675,000
Public Record
Mar 13, 2024
$600,000
Public Record