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Why settle for the penthouse? Buy the whole building.

Comes with an extra 17 rental units on the lower floors

The colossal patio provides “a sensation of bringing the ocean and bay into the home.”
The colossal patio provides “a sensation of bringing the ocean and bay into the home.”

This week in Unreal Estate, we’re exploring a property perfect for the aspiring real estate mogul who also needs a place to stay in downtown’s trendy Little Italy neighborhood.

Sure, you get the 7000-square-foot penthouse suite, but wait, there’s more: “The offering is the entire building” at 1929 Columbia Street, according to listing materials retrieved from realtor.com. With an extra 17 rental units on the lower floors, the property includes a total of 20 bedrooms and 24 baths. “While the building has verifiable income today, the possibilities are endless, as entire floors can be adapted for other use types.”

Let’s leave those other units aside for now, as they only compose about half of the building’s total square footage, and focus on that owner’s unit that occupies the entirety of the sixth and seventh floors.

“A feeling of awe comes over you.”

“This penthouse is highly cultivated and detail rich, with sweeping views of the San Diego Bay and Pacific Ocean,” boasts the listing. “As the elevator opens to your private and sprawling living, dining and open concept kitchen, a feeling of awe comes over you.”

West-facing glass doors ten feet tall disappear seamlessly into the walls, allowing the owner to “find yourself immersed in a quintessential indoor-outdoor living space.” A chef-inspired kitchen “is well equipped with Miele appliances, column refrigerator, integrated dishwasher and trash, walk in pantry, and wet bar to boot.”

“The home is automated from top to bottom,” including a whole-house sound system, motorized window shades, Nest programmable thermostats, Lutron custom lighting, and “art displayed on plasma screens.”

“In vogue with the ultra-luxury aesthetic,” a pair of en-suite bedrooms, laundry room, half bath, and “A/V closet with its own trash chute” round out the first penthouse floor. The top level is dedicated to housing “a massive master retreat,” which includes a “freestanding tub for 2+ and a shower enclosure larger than most downtown bedrooms.”

“A colossal patio extends the master living space, cantilevered over the building and providing a sensation of bringing the ocean and bay into the home.” The patio features a pair of gas fire tables, rooftop succulent gardens, and an outdoor bar with multiple televisions, rounding out “some of this penthouse’s over the top features.”

Last sold in 2013 for $950,000 when it housed only a 1930s-era triplex, the parcel is currently held by a Sacramento-based investment group that completed construction of the current building in 2017. To help offset the new owner’s mortgage payments, lower levels include four two-bedroom apartments, a dozen one-bedroom units, and a ground-floor studio. A pair of one-bedroom units currently show as available for rent with an asking price between $1995 and $2100 per month.

As of May 1, buyers have been offered the opportunity to purchase “a world class asset located in, without a doubt, one of San Diego’s hottest neighborhoods.” The original list price of $13,250,000 remains unchanged to date.

  • 1929 Columbia Street | Little Italy, 92101
  • Beds: 3/20 | Baths: 4/24 | Current Owner: Idea Enterprise LP | List Price: $13,250,000
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The colossal patio provides “a sensation of bringing the ocean and bay into the home.”
The colossal patio provides “a sensation of bringing the ocean and bay into the home.”

This week in Unreal Estate, we’re exploring a property perfect for the aspiring real estate mogul who also needs a place to stay in downtown’s trendy Little Italy neighborhood.

Sure, you get the 7000-square-foot penthouse suite, but wait, there’s more: “The offering is the entire building” at 1929 Columbia Street, according to listing materials retrieved from realtor.com. With an extra 17 rental units on the lower floors, the property includes a total of 20 bedrooms and 24 baths. “While the building has verifiable income today, the possibilities are endless, as entire floors can be adapted for other use types.”

Let’s leave those other units aside for now, as they only compose about half of the building’s total square footage, and focus on that owner’s unit that occupies the entirety of the sixth and seventh floors.

“A feeling of awe comes over you.”

“This penthouse is highly cultivated and detail rich, with sweeping views of the San Diego Bay and Pacific Ocean,” boasts the listing. “As the elevator opens to your private and sprawling living, dining and open concept kitchen, a feeling of awe comes over you.”

West-facing glass doors ten feet tall disappear seamlessly into the walls, allowing the owner to “find yourself immersed in a quintessential indoor-outdoor living space.” A chef-inspired kitchen “is well equipped with Miele appliances, column refrigerator, integrated dishwasher and trash, walk in pantry, and wet bar to boot.”

“The home is automated from top to bottom,” including a whole-house sound system, motorized window shades, Nest programmable thermostats, Lutron custom lighting, and “art displayed on plasma screens.”

“In vogue with the ultra-luxury aesthetic,” a pair of en-suite bedrooms, laundry room, half bath, and “A/V closet with its own trash chute” round out the first penthouse floor. The top level is dedicated to housing “a massive master retreat,” which includes a “freestanding tub for 2+ and a shower enclosure larger than most downtown bedrooms.”

“A colossal patio extends the master living space, cantilevered over the building and providing a sensation of bringing the ocean and bay into the home.” The patio features a pair of gas fire tables, rooftop succulent gardens, and an outdoor bar with multiple televisions, rounding out “some of this penthouse’s over the top features.”

Last sold in 2013 for $950,000 when it housed only a 1930s-era triplex, the parcel is currently held by a Sacramento-based investment group that completed construction of the current building in 2017. To help offset the new owner’s mortgage payments, lower levels include four two-bedroom apartments, a dozen one-bedroom units, and a ground-floor studio. A pair of one-bedroom units currently show as available for rent with an asking price between $1995 and $2100 per month.

As of May 1, buyers have been offered the opportunity to purchase “a world class asset located in, without a doubt, one of San Diego’s hottest neighborhoods.” The original list price of $13,250,000 remains unchanged to date.

  • 1929 Columbia Street | Little Italy, 92101
  • Beds: 3/20 | Baths: 4/24 | Current Owner: Idea Enterprise LP | List Price: $13,250,000
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I could afford to help pay the building owners mortgage.

June 4, 2020

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4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
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