20-22 S 33rd Street, San Diego, CA 92113

Steel Street Residences presents a rare opportunity to acquire a brand-new 21-unit multifamily asset in central San Diego, offered at $6,900,000. Targeted for completion in late October to early November 2026, the project consists of two three-story buildings totaling approx. 7,668 SF on a 6,492 SF site. The mix includes nine 432 SF 1BR/1BA units, eight 315 SF 1BR/1BA units and four 315 SF studios. Every residence is planned with its own stacked washer/dryer, ductless mini-split HVAC, individual heat-pump water heater, refrigerator, range, dishwasher and disposal—high-demand features that distinguish this new construction from much of the surrounding rental inventory. Nine units are subject to recorded SDHC affordability requirements (2 at 50% AMI and 7 at 110% AMI); buyer to review and verify all applicable restrictions and qualification requirements. Located at 20–22 S. 33rd Street, the property offers exceptional access to Downtown San Diego, Naval Base San Diego and major transportation corridors including I-5, I-15 and SR-94. Public water/sewer, individual water submeters, NFPA 13 fire sprinklers and contemporary low-maintenance construction support efficient operations. Street parking only; no onsite stalls are planned. This is a compelling and unique opportunity to acquire newly built San Diego multifamily with strong renter amenities and a highly connected urban location.