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3281 Steel St - The Commodore | 21-RTI Development Site 0.16 Acres of Residential Land in San Diego, CA 92113

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Investment Highlights

Fully entitled 21-unit, three-story multifamily development with approved plans and permits in place
Designed with an optimized mix of 4 studios and 17 one-bedroom units, tailored to strong workforce housing

All development impact fees, water fees, sewer fees, and permit issuance fees have been paid in full
Located within a Qualified Opportunity Zone (QOZ) and San Diego Promise Zone

Executive Summary

The Commodore is a fully shovel-ready 21-unit multifamily project in Logan Heights with all fees paid and construction able to start immediately. The ±7,668 SF design features efficient studios and one-bedrooms tailored to attainable workforce housing demand. Located in a federally designated Opportunity Zone, the site offers strong tax advantages and excellent access to Downtown, transit, and major job centers. With no parking requirement and a rapidly improving surrounding neighborhood, this is a rare plug-and-play infill development opportunity.

Property Facts

Sale Type	Investment	Proposed Use	Apartment Units
No. Lots	1	Total Lot Size	0.16 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype	Residential
Zoning	RM-2-5

Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Apartment Units
Total Lot Size	0.16 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RM-2-5