San Diego’s California Theatre Is Up for Sale Again — Will Anyone Buy It?

The California Theatre in downtown San Diego is back on the market. Once the crown jewel of Fourth and C, the 1927 vaudeville and movie palace has sat vacant since 1990, falling into severe disrepair.

Here’s what you need to know:

History: Opened in 1927, closed in 1990, and has been deteriorating ever since.

Failed redevelopment: A 2019 plan for a 41-story hotel and condo tower collapsed when its developer went insolvent.

Current listing: CBRE has listed the site unpriced, under a court order to sell by 2026 or face demolition.

Challenges: Downtown’s C Street corridor is struggling, with little demand for office, hotel, or condos. Analysts say only a block-wide redevelopment or city involvement could make it work.

For San Diego, the California Theatre is more than a building — it’s a symbol of stalled downtown revitalization. The big question: will a buyer finally step up, or is demolition inevitable?

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Видео San Diego’s California Theatre Is Up for Sale Again — Will Anyone Buy It? канала Karl San Diego