Drescher Heights Phase 2

Magnolia Properties acquired 2122 Drescher Street on November 12, 2024 and is currently in the permitting phase to redevelop the property into a modern three-story, 19-unit community with ground-floor parking. Located approximately 0.6 miles from the University of San Diego, the project is well positioned to serve strong local rental demand.

The site is adjacent to our Phase I development. Combined, the two phases will create a cohesive 41-unit community featuring private balconies and dedicated parking, delivering a high-quality housing offering near the USD campus.