3281–87 Steel Street, San Diego, CA 921113

Offer Price:

Market

Zoning:

RM-2-5

Permits:

Ready-to-Issue, Fees Paid

APN:

545-401-21-00

545-401-22-00

Request Offering Memorandum

Lot Size:

±6,812 SF

Status:

Active

Submarket:

Logan Heights

Property Type:

Land

Strategy:

Value-Add

The Bove Investment Team is pleased to present The Commodore, a shovel-ready 21-unit multifamily development opportunity in the heart of Logan Heights. This infill project is fully permit-ready with all development, water, sewer, and issuance fees paid, enabling a developer to begin construction immediately. Designed by Pro-Cal Design & Engineering, the ±7,668 SF three-story project delivers an efficient mix of compact studios and one-bedrooms tailored to workforce housing demand in a supply-constrained urban corridor. Positioned within a federally designated Opportunity Zone and just minutes from Downtown San Diego, Naval Base San Diego, and the 32nd & Commercial Trolley Station, the site offers exceptional connectivity and long-term tax advantages. With no parking requirement, thoughtful site planning, and a fast-growing redevelopment pipeline in Logan Heights, The Commo-dore represents a rare plug-and-play building opportunity in one of San Diego’s most culturally rich and rapidly transitioning neighborhoods.