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April 23, 2019
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MULTIFAMILY NEWS
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Affirmed Housing Buys Vacant Parcel in Downtown San Diego

2/07/19

Affirmed Housing Group has acquired a 10k sf parcel in Downtown San Diego for $3.75 mil. The site, at the southeast, corner of Front and Beech Streets, adjacent to the cityís Little Italy neighborhood, was sold by Central Auto Parks LLC.

Affirmed Housing Group plans to develop a new affordable housing community with 78 units on the site, near many employment, shopping and transit options in Downtown. The property had been owned by the same family since the 1960ís, providing Affirmed the opportunity to transform a vacant parcel into needed, affordable housing.

Victor Krebs of Colliers International represented the seller in the deal. Affirmed Housing Group was self-represented.






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