2575-81 COMMERCIAL ST SAN DIEGO CA 92113-1153
70 Unit RTI Development Site | Logan Heights
Marketing description
We are pleased to present 2575-2581 Commercial Street, an RTI 70-unit transit-oriented development project in the Logan Heights neighborhood of San Diego, CA. The permit-ready project calls for a 5-story buildout comprised of forty-two (42) studio units, and twenty-eight (28) one-bedroom / one-bathroom units. The project will be a high-quality home base for residents priced out of core downtown San Diego. This next-generation project maximizes efficiency, interior space, and land use, making it an ideal choice for its urban setting. It effectively combines economical housing with a high-end Class A feel, setting a new standard in quality and value.
2575-81 Commercial Street is centrally located in Logan Heights, directly adjacent to the 25th & Commercial Trolley station. This prime location offers tenants direct access to downtown San Diego (the region’s largest Tier 1 employment center), and San Diego’s ubiquitous entertainment venues like Balboa Park, East Village, PETCO Park, award-winning Convention Center, Gaslamp Quarter, and Little Italy. Additionally, the Trolley provide residents high-quality light rail transportation connections from downtown to UC San Diego, East County, South Bay, and the Mexico border.
The Logan Heights community is rich in cultural heritage, and burgeoning potential, and the asset is ideally located blocks away from the heart of Downtown San Diego, a Tier-1 employment center. A new Community Master Plan was recently adopted that aims to strengthen residents and businesses in the Greater Southeast San Diego neighborhoods. This, combined with the strategic economic expansion of Downtown San Diego, is expected to bring significant benefits to the submarket
over the coming decades. As key economic milestones are achieved nearby, demand in the submarket is rising, presenting investors with an opportunity to capitalize on increasing rental momentum. Additionally, the Department of Defense's substantial increase in basic housing allowances for active-duty Sailors in San Diego, effective October 1, 2022, addresses rising housing costs. Given these positive developments, 2575-81 Commercial Street offers a unique opportunity for investors to establish a foothold in a rapidly improving neighborhood, promising substantial returns for years to come.
Investment highlights
- Permits Paid & Issued providing a clear path to develop a 70-unit transit-oriented project in the heart of Logan Heights.
- Excellent Site Layout situated on a flat 8,900 square foot corner lot.
- Situated within an Opportunity Zone offering potential tax advantages for qualified investors.
- Efficient Unit Mix comprised of (42) studios and (28) one-bedroom floorplans.
- Potential Property Tax Abatement the property could qualify under California “Welfare Exemption” providing full or proportional property tax emption based on qualifying units.
- Strategically Located directly in front of the 25 & Commercial Trolley Station and is just one mile from Naval Base San Diego and Downtown.
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