5621 Mildred Street
The opportunity
An infill development directly across from the University of San Diego — with additional projects already underway in the area, the team benefits from real scale and local execution efficiency.
The existing property is stabilized and tenant-occupied, generating income while the new 8-unit development moves through pre-development — the best of both phases: current cash flow, future upside.
Latest updates
Right-of-way work is nearly finished and the Housing Commission documents have been drafted, approved, and are being notarized. Construction financing is in progress. Existing tenants are scheduled to move out in October, with the goal of breaking ground in November or December.
Mildred Street's existing units remain fully tenant-occupied while design and entitlement work for the new development continues.
Milestones
The property as acquired, and the work that followed on the existing home.
The existing home, fully renovated and move-in ready.
Site plan, floor plans, and renderings from the plan set submitted to the City.