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4044 Georgia St - 4044 Georgia St 7,000 Acres of Commercial Land Offered at $2,500,000 in San Diego, CA 92103
Investment Highlights
- Fully Entitled Ready-to-Issue (RTI) Development Opportunity
- Modern Six-Story Podium Design
- Prime Hillcrest / University Heights Location
- Approved for 36 Apartment Units (35 One-Bedroom / 1 Studio)
- Located Within the Complete Communities Program
Executive Summary
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.
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.
Property Facts
| Price | $2,500,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 7,000.00 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | RM-3-9 | ||
| Price | $2,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 7,000.00 AC |
| Opportunity Zone |
Yes |
| Zoning | RM-3-9 |
1 Lot Available
Lot
| Price | $2,500,000 | Lot Size | 7,000.00 AC |
| Price Per AC | $357.14 |
| Price | $2,500,000 |
| Price Per AC | $357.14 |
| Lot Size | 7,000.00 AC |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
70/100
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