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Under Construction

2676 Comstock Street

Linda Vista, San DiegoBackyard Development
2
Units
24 months
Timeline
Linda Vista
Neighborhood
Ground-up
Type
Investor access
Offering terms & documents

The opportunity

Not every viable project needs to be a large one — 2676 Comstock is the proof. Other operators in this exact area have already validated the playbook; we're applying it on our own terms, using the parcel's RM-1-1 zoning to add square footage where it creates the most value: the backyard.

The build is two brand-new 3-bedroom, 2-bath homes behind the existing house, each with its own private tandem parking off a quiet cul-de-sac alleyway. It's a textbook value-add, cash-out refinance play: create new rental square footage at a disciplined cost basis, refinance once stabilized to return the project's initial capital, and hold two income-producing homes for the long term — equity created through the build itself, on par with a mid-sized development, at a fraction of the complexity.

The project has broken ground and is in active construction.

Latest updates

Second floor going upSep 2026

Framing on the second floor is actively underway, with all materials pre-cut and staged for installation.

Milestones

✓
Property AcquiredDone
Closed on the property.
✓
Soils & Survey TestingDone
Soils report and site survey.
✓
Architect Engaged · Preliminary DesignDone
Design team engaged; preliminary concepts underway.
✓
Schematics & MassingDone
Schematic design and massing studies.
✓
MEP ConsultantsDone
Mechanical, electrical, and plumbing design.
✓
Plans Packaged & Submitted to the CityDone
Full plan set submitted to the City of San Diego.
✓
City Review CyclesDone
Working through city plan-check comments.
✓
Permits Stamped · RTIDone
Permits approved — ready to issue.
✓
Refinance into Construction LoanDone
Construction financing in place; ready to build.
ConstructionIn Progress
Vertical construction underway.
Completion & Lease-UpUpcoming
Homes delivered and leased.
Cash-Out RefinanceUpcoming
Return initial capital; hold for the long term.
01Acquisition

The property as acquired — the existing front home and the backyard site behind it.

02Renovation

The existing front home, fully renovated and move-in ready.

03Design & Entitlement

Floor plans and renderings from the approved plan set.

04Development

What we're building — two new 3-bedroom, 2-bath homes rising behind the existing house, now under construction.