1135 Colusa Street
The opportunity
1135 Colusa Street sits a nine-minute walk from the University of San Diego, one of the region's premier universities — on a street we know better than anyone. We own four properties on this block alone, and years of building here have made us the area's most active developer.
What makes this project exceptional is the basis. The site was acquired for $737,000 and comes fully entitled for eighteen units — and it's RTI, “ready to issue,” meaning the permits are approved and simply waiting to be pulled. In a process where entitlement alone can take years, starting at RTI removes the riskiest, slowest phase of development before we've begun.
The build will follow the standard we hold across our USD-area portfolio: a refined, elevated product designed for the university-driven tenant base of students, faculty, and professionals — in a submarket where that caliber of housing is chronically scarce.
Latest updates
New legal counsel has been engaged to initiate the 1135 Colusa entity. The final operating agreement and subscription documents are being finalized, and the project budget is being prepared.