University Heights Development
36 Unit RTI Development Site | University Heights | Opportunity Zone & CCHS
Marketing 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.
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Investment highlights
- Fully Entitled Ready-to-Issue (RTI) Development Opportunity
- Approved for 36 Apartment Units (35 One-Bedroom / 1 Studio)
- Modern Six-Story Podium Design
- Located Within the Complete Communities Program
- Designated Opportunity Zone with Potential Tax Benefits for Qualified Investors
- Seven On-Site Parking Spaces with Ability to Add Parking Lifts
- Private Balconies Throughout
- Prime Hillcrest / University Heights Location
- Walkable to Restaurants, Retail, Breweries, and Entertainment
- Minutes from Balboa Park and Downtown San Diego
- Significant Entitlement Time and Cost Savings
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