1809-15 Linwood St, Old Town, CA 92110

Property Description

Rarely does a property of this caliber come to market in one of San Diego's most coveted neighborhoods. This four-unit offering delivers breathtaking panoramic views of the San Diego Harbor. The diverse unit mix includes two 1-bedroom/1-bathroom apartments with spectacular harbor vistas, a 2-bedroom/1-bathroom single-family home with bay views, and a charming studio with its own private yard — appealing to a wide range of tenants and investment strategies alike. The upside potential is as impressive as the views. Three single-car garages present a compelling ADU conversion opportunity, four dedicated on-site parking spaces add premium value in an urban setting, and the property qualifies for favorable residential 2–4-unit financing. The units are ripe for modernization, offering a true value-add canvas for an investor ready to renovate, reposition rents, and build meaningful equity in an irreplaceable location. For the owner-occupant, this is a rare chance to plant roots in an iconic San Diego neighborhood while rental income offsets the mortgage. For the long-term investor, the property's RM-2-5 zoning and Complete Communities Housing Solutions designation at 6.5 FAR unlock genuine development potential: the parcel sits within a Transit Priority Area with no coastal overlay, no historic designation, and no environmental constraints — a clean entitlement profile for a future ground-up multifamily or condo project. With harbor views, multiple exit strategies, and a location that simply cannot be recreated.