On July 8, 2024, Magnolia Properties acquired 4122 Bannock Ave, located in the desirable Clairemont submarket of San Diego. The business plan includes demolishing one of the existing four units, renovating the remaining three units, and constructing an additional 12 units through a new three-story building.

The completed project will consist of a modern 15-unit community, with each unit featuring designated parking and private outdoor space. With high-quality finishes and thoughtful design, the property is positioned to attract strong demand in this highly desirable submarket.