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Newly Acquired

3937–41 Utah Street · Utah II

North Park, San DiegoGround-up Development
10
Units
24 months
Timeline
North Park
Neighborhood
Ground-up
Type
Investor access
Offering terms & documents

The opportunity

Utah II sits in the beating heart of North Park (92104) — around the corner from the neighborhood's iconic sign and the 30th Street corridor, with a Walk Score of 97. Restaurants, breweries, and employment sit at the doorstep of one of San Diego's strongest rental submarkets.

The site is a 1939 Craftsman duplex on a generous RM-3-9 zoned parcel — and true to our playbook, both existing units are renovated, leased, and producing income from day one, keeping the project capital-efficient through pre-development.

The plan: a 10-unit ground-up development on a block pattern our team knows intimately — this is our second Utah Street project and one of several in the neighborhood, giving us real execution familiarity right here. Full details will be published as design advances.

Latest updates

Milestones

Property acquiredJul 2026
Multi-parcel site secured steps from the North Park sign.
Stabilized with tenants in placeDone
Both existing units leased and income-producing.
Design & entitlementIn progress
Pre-development for the new 10-unit project.
Permits & constructionUpcoming
StabilizationFinal 3–6 months
01Acquisition

Closing day and the site as acquired — a 1939 Craftsman duplex steps from the North Park sign.

02Stabilization

Both existing units renovated, leased, and producing income from day one — keeping the project capital-efficient through pre-development.