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Pre-Development

4435 Utah Street · Utah I

North Park, San DiegoGround-up Development
8
Units
24 months
Timeline
North Park
Neighborhood
Ground-up
Type
Investor access
Offering terms & documents

The opportunity

4435 Utah Street transforms an underutilized parcel in one of San Diego's most dynamic and walkable neighborhoods into eight units of modern multifamily housing — a mix of one-, two-, and three-bedroom homes across three levels, including two detached ADUs.

The design delivers roughly 7,100 square feet of new housing on a 5,250 square-foot lot — density unlocked through the City of San Diego's incentive programs, including a floor-area increase and reduced setbacks. Limited supply, vibrant culture, and proximity to downtown and Hillcrest drive relentless rental demand.

Latest updates

Raise fully subscribed — welcome, new investorsJul 2026

The Utah Street raise closed fully subscribed. Design work has kicked off and our first permit package is in preparation. (Sample update — real newsletter content will populate this feed.)

Milestones

Capital raise closedJul 2026
Fully subscribed.
Property acquiredJul 2026
Closed on the parcel.
Design & permittingIn progress
Architectural plans and city submittals underway.
Construction startEst. Q1 2027
Groundbreaking on the 8-unit building.
Lease-up & stabilizationEst. 2028
Units delivered and leased.
Refinance / exitEst. 2028
Equity proceeds distributed.
01Acquisition

Closing day at 4435 Utah — keys in hand at the property as acquired.

02Stabilization

Renovation of the existing home underway — readied to produce income through pre-development.

03Development

What's coming — eight units of modern multifamily housing across three levels, including two detached ADUs.