1224 27th, San Diego, California 92102, San Diego, 92102 - 2 bed, 1 bath
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1224 27th
San Diego, California 92102
ACTIVE
CONDITION: TEAR DOWN
2Beds
1Baths
984Sq Ft
0Lot Size
Property Price
LIST PRICE$860,000
SUMMARY
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.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1930, the property is currently unlivable and appears to be a cleared site or a structure in a state of total demolition. The listing is marketed as a development project for land value and stamped permits for new construction.
PROSSTRENGTHS & OPPORTUNITIES
- Shovel-Ready Development
The property comes with stamped permits for two ~1,000 SF townhomes, allowing investors to bypass lengthy city permitting timelines and begin construction immediately.
- Prime Walkable Location
Situated in the highly desirable Golden Hill area, the property is within a 5-10 minute walk to Balboa Park and premier local dining, ensuring strong tenant demand and long-term appreciation.
- Turnkey Project Potential
The availability of seller-lined construction services offers a streamlined, low-friction experience for first-time builders or out-of-area investors looking for a 'house hack' or multi-unit project.
CONSRISKS & DEFICIENCIES
- Premium Pricing
The $860,000 list price reflects a significant markup over its recent $675,000 sale price, placing a high financial premium on the value of the permits rather than the existing 1930s structure.
- Lower School Ratings
The assigned local elementary and middle schools carry lower ratings (3 and 4), which may limit the property's appeal to families prioritizing high-performing educational districts.
About 1224 27th
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!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1930
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Diego Unified Schools
Kimbrough Elementary School
Grades K-5 • 0.7 mi
3/10
Golden Hill K-8
Grades K-8 • 0.8 mi
4/10
Memorial Scholars & Athletes School
Grades 6-8 • 1.5 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.3 |
| Baths | 1.0 | 2.3 |
| Square foot | 984 | 1,777.941 |
| Lot Size | - | 6,474.445 |
| Price | $860.0K | $1.27M |
| Price per sq ft | $874 | $741 |
| Built year | 1930 | 1971 |
| HOA | $0 | $184 |
| Days on market | 33 | 40 |
Pricing History
Listed for Sale
Aug 7, 2026
$860,000
Initial Listing
Sold
Nov 5, 2024
$675,000
Public Record
Sold
Mar 13, 2024
$600,000
Public Record