We are pleased to present our market positioning and pricing analysis of 1645 S. 43rd Street, a 21-unit complex located in the Shell Town neighborhood of San Diego, CA. Constructed in 1988 on a 1.12-acre corner lot, the property features a unit mix comprised of (12) 2-bedroom / 2-bathroom floorplans and (9) 2-bedroom / 2-bathroom townhomes. With an average unit size of over 900 square feet, these units offer a high-quality home replacement option for families. Existing amenities include ample parking with 28 off street spaces and 20 single car garages, on-site laundry facilities, as well as private patios for select units. The site is prime for additional dwelling units with a large portion of the lot underutilized as well as 20 garages that can be converted into ADUs. Shell Town is rich in cultural heritage, and burgeoning potential, and the asset is ideally located less than seven minutes from the heart of Downtown San Diego, a Tier 1 employment center. A new Community Master Plan was recently adopted that aims to strengthen residents and businesses in the Greater Southeast San Diego neighborhoods. Coupled with an overall well designed economic expansion of Downtown San Diego, the new community plan will bring major positive implications in the submarket over the next few decades. The property is located directly across the street from the Northgate Market, one of the only fresh produce retailers in the zip code. Notably, the DoD significantly increased basic housing allowances for active-duty Sailors in San Diego, to combat rising housing costs. The Subject property is located less than 1 mile away from the 32nd Street Naval Housing office.