2 months on rocket

2547 Commercial St, San Diego, CA, 92113

$1,500,000

0.12 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
ViewBay, Bridge(s), City Lights
MLS #PTP2406048
Lot Size0.12 Acres
StatusActive

About 2547 Commercial St

Leverage San Diego’s Complete Communities Plan for up to 6.5 FAR on this 5,146 square foot urban infill development site. Potential to build 35 or 49 units in a 55’ 5-story or 85’ 7-story multifamily building with up to 33,449 gross SF. Benefit from relaxed parking requirements and more design flexibility due to the site’s location in a Transit Priority Area. Lucrative CN-1-4 zoning offers the potential for commercial and mixed use. Located just east of Downtown San Diego in the Logan Heights neighborhood, the site is conveniently located next to the MTS Trolley Orange Line allowing easy transportation to employment centers across the region. The location of the site within an Opportunity Zone may allow developer to utilize incentives including capital gains tax breaks. Property currently has a small office building and lot is being used as small repairs for autos.

Property Details

Property Features

Listing Office:

  • Office Name: LPT Realty, Inc.
  • Office Email: frank@karakogroup.com
  • Listing Agent: Frank Karako

Exterior Features

Exterior Information:

  • View: Bay, Bridge(s), City Lights

Virtual/3D Tour

  • Virtual Tour: 2547 Commercial St
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Lot Features

Lot Information:

  • Lot: Level, Near Public Transit
  • Lot Size: 0.12 Acres

Other

Directions Information:

  • Directions: From the 5 fwy, exit Cesar Chavez, Merge onto Kearney Ave, Turn right onto Cesar E. Chavez Pkwy, Slight right onto Commercial St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,500,000

Tax Information:

  • Annual Amount: $1,924
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in San Diego, CA.

Med. Sold Price

$948.8K

Med. Price/SqFt

$701

Avg. Days On Market

27

# of Sold Homes

629

2547 Commercial St vs San Diego

81 DAYS ON ROCKET

+54 Days

$1,500,000

+$551.1K More

KEY TAKEAWAY

This property is $551.1K more than the Median Sold Price in San Diego, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #PTP2406048

Listing Office:

  • Office Name: LPT Realty, Inc.
  • Office Email: frank@karakogroup.com
  • Listing Agent: Frank Karako

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 1:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,924$130,340
2020$1,924$129,004
2019$1,794$126,475
2018$1,794$123,996
2017$1,759$121,565

History based on county public records data.

Payment Calculator

$7,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,564

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-980025
3
/10
  • Burbank Elementary School

  • 2146 Julian Ave

  • 0.31 miles

  • Public District Grades KG-5

school-card-donut-980026
6
/10
  • Sherman Elementary School

  • 301 22nd St

  • 0.38 miles

  • Public District Grades KG-5

school-card-donut-980027
3
/10
  • Kimbrough Elementary School

  • 321 Hoitt St

  • 0.53 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,736. Residents of San Diego, CA typically earn less than $35k each year. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2547 Commercial St

What is the listing price of this property?

The listing price of 2547 Commercial St property is $1,500,000.

What type of property is this?

The property 2547 Commercial St is land located in San Diego, California, 92113.

Is this property for sale now?

Active Listing: 2547 Commercial St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,924 (source: MLS/based on county public records data).

How much acreage is this property?

The property 2547 Commercial St is 0.12 acres.
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Rocket HomesCaliforniaSan Diego CountySan Diego921132547 Commercial St

This home is located at 2547 Commercial St in San Diego, CA and zip code 92113 in the Central San Diego neighborhood. This home sits on a 0.12 acre lot. It has been listed on Rocket Homes since October 02, 2024 and is currently priced at $1,500,000.

While more than 212 listings in San Diego, CA in November 2024 were sold above asking price, there were more than 109 listings sold at asking price, and more than 308 were sold below. The number of homes for sale in San Diego, CA decreased by 4.5% between October 2024 and November 2024. Listings spent 27 days on the market in November 2024, and had a median list price of $948,850 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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