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Project File · Featured Capstone
Full Offering Memorandum - presented to industry judges

4855 College Ave 3.05-Acre Multifamily Development

A complete Offering Memorandum for a 3.05-acre site zoned single-family, with a proposed rezone to multifamily from RS-1-7 to RM-4-10. The work packages zoning, demographics, market analysis, development programming, financial modeling, and exit strategy in the same format used by institutional real estate teams. Presented at a UCSD Urban Planning EXPO with a charrette board and investor video pitch.

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SENIOR CAPSTONE - UCSD URBAN PLANNING EXPO
HOLD
10 yr
PAGES
30
SITE
3.05 ac
REZONE
RM-4-10
Offering Memorandum, 3.05 Acres, Multifamily, College Area, Rezone, 10-Yr Proforma, Investor Pitch, CoStar
Institutional format · San Diego, CA
02
By the numbers

The file, at a glance.

Four numbers carry the weight of this file — the same vitals an investment committee reads first.

M·01
HOLD
10 yr
M·02
PAGES
30
M·03
SITE
3.05 ac
M·04
REZONE
RM-4-10
SENIOR CAPSTONE - UCSD URBAN PLANNING EXPO Institutional format · San Diego, CA
03
Scope of work

What went into this file.

The same two-ledger standard as an institutional package: the analysis and design work on the left, the financial modeling and deliverables on the right.

Analysis & Design
  • Land use and zoning analysis for RS-1-7 to RM-4-10 rezone
  • Demographics with growth projections through 2035
  • Market analysis covering vacancy, rents, absorption, and comparable projects
  • Development program, site plan logic, and parking approach
  • Design vision, massing, amenities, and tenant mix
  • Community benefits summary and SWOT analysis
Financial & Deliverables
  • 10-year development proforma with full cash flow
  • IRR, cash-on-cash, equity multiple, and levered return outputs
  • Financing assumptions, cost basis, and cap rate sensitivity
  • Marketing and branding identity for investor presentation
  • 30-page investor-ready Offering Memorandum
  • EXPO charrette board and investor video pitch
04
The method

Every file is built the same way.

Different asset, same discipline. Each project in this portfolio moves through four gates before it earns a recommendation.

01

Intake & context.

Zoning, site constraints, demographics, and submarket dynamics — the facts that decide what's possible before a single number is modeled.

02

Model everything.

A full proforma: acquisition or development cash flows, financing assumptions, and hold-period returns — IRR, cash-on-cash, equity multiple.

03

Pressure-test.

Cap rate sensitivity, vacancy downside, exit scenarios. A model is only useful once it has been argued with.

04

Package the decision.

An investor-ready document: the analysis, the numbers, and a clear recommendation — hold, build, reposition, or walk.

Have a property in mind? I'll model it free — before you make a move.
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06
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Keep reading

More from the portfolio.

Same discipline, different asset class — pick the next file.

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