2575 Commercial St, San Diego, CA 92113-1153 2575 Commercial St Lot | Terrain commercial | 0,08 ha | À vendre | 876 220 € | San Diego, CA 92113

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 provides 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.