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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 2,425,000

Est. payment | -/mo

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$ 2,425,000

Est. payment | -/mo

Save Virtual Tour

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

Subdivision San Diego

MLS Listing ID 260015465SD

HOA Y/N No

Property Description

Whitewater Commercial Real Estate is pleased to present 4044 Georgia Street, a fully entitled Ready-to-Issue (RTI) multifamily development opportunity located at the intersection of Hillcrest and University Heights, two of San Diego's most desirable urban neighborhoods. The project is approved for a six-story, 36-unit apartment community consisting of 35 one-bedroom units and 1 studio apartment. Located within the City's Complete Communities Program and designated Opportunity Zone, the property offers developers the opportunity to immediately commence construction while avoiding the time and uncertainty associated with the entitlement process. The Opportunity Zone designation may provide substantial tax benefits for qualified investors, further enhancing the project's long-term investment appeal. The approved project features a modern podium-style design with private balconies, expansive window lines, and an efficient unit mix tailored to meet strong rental demand. The project includes seven on-site parking spaces with the ability to incorporate parking lifts for additional capacity. Situated just minutes from Hillcrest, University Heights, North Park, Balboa Park, and Downtown San Diego, the property offers future residents convenient access to major employment centers, restaurants, retail, entertainment, and public transportation.

Location

State CA

County San Diego

Area 92103 - Mission Hills

Zoning RM-3-9

Interior

Fireplace No

Exterior

Fence Partial

View Y/N No

Others

Senior Community No

Tax ID 4455511800

Acceptable Financing Conventional

Listing Terms Conventional

Virtual Tour https://www.propertypanorama.com/instaview/snd/260015465

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Listed by Carson Trujillo Whitewater CRE Inc #01974818

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA 92124

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4044 Georgia San Diego, CA 92103