Downtown San Diego is comprised of 7 livable neighborhoods. One of the most vibrant and desired of the seven is Little Italy. Located along the embarcadero on the North West side of downtown, San Diego’s Little Italy is filled with bistro’s, patio cafés, restaurants, pubs, art galleries, shops, hotels, and the beautiful Amici Park.
Once a predominantly hard working middle class Italian neighborhood, Little Italy was split in half by the construction of Interstate 5 and struggled for many decades to regain its stature as a vibrant community.
In the 1990’s efforts began to bring Little Italy back and since then construction has been non stop with emphasis on creating one of San Diego’s most livable, walkable, and enjoyable downtown destinations.
By the early 2000’s construction cranes started filling the skies and the first wave of mid and high rise condominiums were being built changing the San Diego skyline.
Developments were sold out as quickly as they were completed to eager buyers paying a premium for the opportunity to reside in the newly revamped Little Italy neighborhood. Along with many of these future residents were savvy investors seeking an opportunity to purchase new build condos in a highly desirable area as second homes and rental properties.
Today that trend remains as even more innovative and bold developments are being completed and the desirability of owning a rental property in Little Italy is greater than ever. Take a tour with us through downtown San Diego’s Little Italy and see for yourself why so many people choose to live and invest in this vibrant community.
San Diego Premier Property Management currently manages numerous rental properties for clients in many of Little Italy’s most notable condominium developments. The following three developments offer rental income opportunities within the downtown San Diego Little Italy community.
Average Rental Rate for 1 Bedroom $2,200/Month
Median Home Value $467,100
The La Vita condo development is located on Union and State Street. It is comprised of mid & high towers with a walkability rating of 99%.
- Built in 2005
- One, two, & three bedroom plans as well as Townhome and Penthouse residences.
- Monthly HOA dues vary from $395 to $685
- Rental Rates starting at $2,395/Month (1bd as of 5/17)
Portico is a 5 story mid rise building with 84 residence and is one of Little Italy’s most economical purchase options for rental properties.
- Built in 2005
- Studio, One, & Two Bedroom plans.
- Monthly HOA dues vary from $350 +
- Rental Rates starting at $1,750/Month (studio as of 5/17)
Doma is comprised of two mid rise towers totaling a 121 units and is located on Kettner Boulevard, Fir, Date, and California streets. Doma offers walk-up residences with street entrances and unique “live/work” residential opportunities.
- Built in 2003
- One and Two Floor Residences
- 4th Floor Common Area View Deck
- Rental Rates starting at $2,295/Month (1bd as of 5/17)
If you have any interest in learning more about purchasing rental property in Little Italy or currently own a rental property in the Little Italy area and need professional property management, please contact us for additional information.
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Written by Salvatore Friscia, owner of San Diego Premier Property Management a full service residential property management company offering Worry Free property management to the greater San Diego area since 2004 and TenantFinder.com.