254 17th Street, San Diego, California 92101, San Diego, 92101 - 4 bed, 3 bath
ACTIVE$995,000
254 17th Street, San Diego, California 92101
4Beds
3Baths
1,210Sqft
2,613.6Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Unmatched Development Potential: Zoned CCPD-MC with the rare potential to build up to 37 stories, making it ideal for high-rise residential, mixed-use, or commercial projects.
Top Cons:
Existing Structure Requires Demolition: The property currently features a 1925-built single-family residence, which will likely require demolition, adding cost and time to the development process.
Compared to the nearby listings
Price:$995.0K vs avg $995.0K (+$0)50%
Size:1,210 sqft vs avg 1,566 sqft33%
Price/sqft:$822 vs avg $82250%
More Insights
Built in 1925 (100 years old).
Condition: The property was built in 1925, making it nearly 100 years old. The MLS description explicitly markets it as an 'Unmatched Development Opportunity' with 'potential to build up to 37 stories high,' indicating the value lies solely in the land for redevelopment. There are no interior images provided, which is a strong indicator that the existing structure is not in a habitable or marketable condition. The exterior images show a very old, worn-out house with security bars and an unkempt lot, suggesting significant deferred maintenance and likely structural issues. The property's value is based on its land and development potential, not the existing, likely unlivable, structure.
Year Built
1925
Close
-
List price
$995K
Original List price
$995K
Price/Sqft
$822
HOA
-
Days on market
-
Sold On
-
MLS number
PTP2505178
Home ConditionTear down
Features
View-
About this home
Unmatched Development Opportunity in the Heart of Downtown San Diego! Prime East Village location just 2 minutes from the I-5 freeway. Zoned CCPD-MC with potential to build up to 37 stories high. Walking distance to Petco Park, Gaslamp Quarter, the Convention Center, and more. Surrounded by the thriving I.D.E.A. District and major mixed-use developments. Perfect for high-rise residential, mixed-use, or commercial projects in one of San Diego’s fastest-growing neighborhoods. This district accommodates diverse array of uses, including residential, artists studios, live/work spaces, offices, hotels, research & development, and retail. Commercial & service uses including light industrial & repair, warehousing & distribution, transportation & communication services that are essential for the livelihood of business & residence of the downtown area.
Nearby schools
5/10
Sherman Elementary School
Public,•K-5•0.3mi
3/10
Burbank Elementary School
Public,•K-5•0.8mi
5/10
Washington Elementary School
Public,•K-5•1.5mi
6/10
Jefferson Elementary School
Public,•K-5•2.9mi
3/10
Perkins Elementary School
Public,•K-8•0.5mi
3/10
Memorial Scholars & Athletes School
Public,•6-8•1.2mi
4/10
Golden Hill K-8
Public,•K-8•1.7mi
5/10
Roosevelt International Middle School
Public,•6-8•2.2mi
Condition Rating
Tear down
The property was built in 1925, making it nearly 100 years old. The MLS description explicitly markets it as an 'Unmatched Development Opportunity' with 'potential to build up to 37 stories high,' indicating the value lies solely in the land for redevelopment. There are no interior images provided, which is a strong indicator that the existing structure is not in a habitable or marketable condition. The exterior images show a very old, worn-out house with security bars and an unkempt lot, suggesting significant deferred maintenance and likely structural issues. The property's value is based on its land and development potential, not the existing, likely unlivable, structure.
Pros & Cons
Pros
Unmatched Development Potential: Zoned CCPD-MC with the rare potential to build up to 37 stories, making it ideal for high-rise residential, mixed-use, or commercial projects.
Prime Downtown Location: Strategically located in the heart of San Diego's thriving East Village, within walking distance to Petco Park, Gaslamp Quarter, and the Convention Center.
Versatile Zoning & Permitted Uses: The CCPD-MC zoning accommodates a diverse array of uses, including residential, live/work, offices, hotels, retail, and essential commercial services, broadening investment appeal.
Exceptional Accessibility: Just 2 minutes from the I-5 freeway, providing excellent connectivity and ease of access for future developments.
High-Growth Neighborhood: Situated in one of San Diego’s fastest-growing neighborhoods, surrounded by major mixed-use developments and the I.D.E.A. District, indicating strong future demand and value.
Cons
Existing Structure Requires Demolition: The property currently features a 1925-built single-family residence, which will likely require demolition, adding cost and time to the development process.
Relatively Small Lot Size for High-Rise: The 2,613.6 sqft lot, while zoned for high-rise, is comparatively small for a 37-story building, potentially posing design and logistical challenges for maximizing density.
Significant Capital & Expertise Required: This is a complex development opportunity demanding substantial upfront capital investment, extensive planning, and specialized expertise in high-rise urban development.