From the sparkling waters of Mission Bay to the warm tortillas of Old Town, San Diego, CA is famously known as a tourist spot. Loaded with beaches, five-star hotels, a world-famous zoo, Seaworld, and some of the best weather in the United States, San Diego is a premier destination. San Diego is also famous for its military bases, including extensive naval facilities and the Marine Corps Recruit Depot. Biotech, technology, international trade, and defense are all huge industries as well.

Like most of California, San Diego has high costs of property, be it residential or commercial. With high labor costs added on to it, this can make owning a business in San Diego as costly as it is rewarding. Thankfully, cost segregation can be used to transform depreciation into income tax savings. Any high-income commercial property can benefit from cost segregation, easily recovering the cost of a study in the first year, not to mention additional savings. Hotels, apartments, offices, and industrial properties all make perfect targets for depreciation with five, seven, or 15 years of a lifetime factor.

O’Connor does cost segregation all over the nation, but California is typically our top market, even ahead of our home state of Texas. Cost segregation is a big boon for business owners in expensive California and the demand for it is always high. With so much at stake, it pays to have experienced experts by your side to navigate all that the IRS requires. Our adept appraisers have done over 10,000 successful cost segregation studies and will always stand by their reports in the face of the IRS. The following table features a few key San Diego properties that saved with O’Connor.