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1122 Fourth Avenue
San Diego, CA 92101
California Theatre Site · Land For Sale
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0.57 AC
INVESTMENT HIGHLIGHTS
- In the heart of Downtown San Diego's Core District
- By-Right Redevelopment
- Historical requirements have been satisfied
EXECUTIVE SUMMARY
- Unmatched Flexibility: Eligibility under the Density Bonus Law incentives and waivers or Complete Communities – Tier 1 offers unmatched design flexibility for future ministerial development.
- Historical Requirements Satisfied: The City of San Diego has confirmed the historical resources attached to the site have been satisfied. SOHO has also committed to non-opposition of future redevelopment.
- Expedited Demolition Process: Agreed pathway with the City of San Diego for an expedited demolition permit process with no salvage and restoration requirements.
- Planning Certainty: Existing approvals and flexible zoning can be leveraged to reduce entitlement risk and materially accelerate timelines.
- Proven Market Demand: Nearby luxury projects like The Simone, 525 Olive and West SD demonstrate strong appetite for high-end urban living and set a premium benchmark for rental rates.
- Exceptional Connectivity: Immediate access to I-5, the San Diego Trolley, and San Diego International Airport.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Lot Size | 0.57 AC |
| Lot Size | 0.57 AC |
The California Theatre Site offers a rare and highly strategic redevelopment opportunity in the heart of Downtown San Diego’s Core District.
DESCRIPTION
Unlock the potential of one of Downtown San Diego’s most iconic addresses. Located at 1122 Fourth Avenue, the California Theatre Site presents a rare by-right redevelopment opportunity in the heart of the Core District. The 25,103 SF (0.57 acres) high-profile site is eligible for Density Bonus Law incentives and waivers or Complete Communities Tier 1, which provide a high level of design flexibility for future ministerial development. The site also benefits from a utilized Site Development Permit with no expiration, under which the project’s historical impacts have been fully satisfied, streamlining the pathway to redevelopment. With its prime location, expedited development pathways, and strong market fundamentals, the California Theatre Site is a rare opportunity to deliver a transformative high-rise in one of Southern California’s most dynamic urban cores.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $25,568,665 CAD | Total Assessment | $25,568,665 CAD |
PROPERTY TAXES
