CBRE is pleased to present 4970 Market Street. The subject property represents a unique opportunity to purchase a fully entitled and permitted multifamily residential site in San Diego consisting of approximately 2.43 acres and approved for a low density of 73 units. The unit mix consists of 23 1 br/1ba units, 16 2 br/2ba units and 34 3br/3Ba Townhomes with direct access garages. The underlying zoning of the subject property CC-3-6 allows for 1 unit per 1,000 square feet of land. However, due to a change in the development code, the site is subject to City of San Diego Complete Communities Housing Solutions Tier 3 which could allow a significantly higher density of up to 6.5 F.A.R. Furthermore and most importantly, the site is located within a Qualified Opportunity Zone which presents investors with significant tax advantages. Although the original Opportunity Zone program was effectively set to expire for new contributions on December 31, 2026, the date on which originally deferred capital gains would need to be included in taxable income, the passage of the One Big Beautiful Bill Act, permanently extends the opportunity zone (OZ) program with certain modifications and enhancements.