5
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$2,500,000
Est. payment /mo
New
4044 Georgia #St San Diego, CA 92103
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Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
Subdivision San Diego
MLS Listing ID 260015465
Property Sub-Type Lots/Land
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 Metro Uptown
Zoning RM-3-9
Interior
Fireplace No
Exterior
Fence Partial
Utilities Available Electric
View Y/N No
Water Access Desc Available
Building
Water Available
Others
Senior Community No
Tax ID 445-551-18-00
Acceptable Financing Conventional
Listing Terms Conventional
Listed by Carson P Trujillo, DRE#01974818 Whitewater CRE Inc
NEARBY SCHOOL & BUSINESS
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