Walker & Dunlop is pleased to present for sale, The Commodore, a rare 92-unit suburban core multifamily community in South Bay San Diego. Completed in 2024, the property offers high-end finishes, resort-style amenities, and a prime transit-oriented location. This is an exceptionally rare opportunity for an investor to capture 100% market share of all Class A units in National City, and an excellent transit-oriented location, with no competing projects within a 5-mile radius and only three new construction trades in the last 15 years. Since leasing commenced in February 2024, The Commodore has maintained stellar leasing velocity, now 94.6% occupied, with 4.5% rent growth during the lease-up period.
Situated at the border of National City and Chula Vista, this property offers easy access to I-5, CA-54, I-805, CA-905, I-15, and CA-163 freeways, as well as the MTS Blue Trolley line, providing convenient transit options to San Diego’s major employment hubs. The location is within a 15-minute drive of Downtown San Diego and 25 minutes from Mission Valley, UTC, Kearny Mesa, and Sorrento Mesa. South Bay San Diego is currently experiencing rapid economic growth, including developments like Chula Vista Bayfront Park, which will create 4,000 jobs and generate $500 million annually. With its prime location, exceptional asset quality, and strong leasing momentum, The Commodore is positioned to be the premier luxury community in South Bay San Diego.