MULTI-FAMILY USES

Zoned CCPD-ER, this 0.68-acre by-right development site is situated within a Residential Mixed-Use zone. While the base zoning allows for up to a 6.5 FAR, the Site's qualification for Complete Communities Tier 1 removes FAR limitations, enabling developers to push density. The Property's existing entitlements for a 401-unit project takes advantage of the allowable density.

FLEXIBLE ZONING

The Site's CCPD-ER zoning provides significant flexibility for multiple product types other than housing, including office, hotel, retail, and medical office.

CORTEZ HILL MULTI-HOUSING FUNDAMENTALS

Cortez Hill benefits from a $2,692 average market rent per unit (12% above SD average) and a projected annual 3.4% increase in rent growth from 2025-2030.

LACK OF FUTURE SUPPLY

With only 220 units under construction in Cortez Hill, and a current occupancy rate of 95.2%, 1333 7th is poised for a quick absorption upon delivery.

ONE OF SAN DIEGO’S BEST NEIGHBORHOODS

Located on the corner of 7th and A, the Property is across the street from the famous San Diego Symphony and a short walk from Balboa Park and Little Italy’s Piazza della Famiglia. Future residents have convenient access to everything the area has to offer including over 100 top-tier dining and shopping options and many Michelin-recognized restaurants.