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$ 1,570,000
Est. payment | /mo
5,249 Sqft Lot
$ 1,570,000
Est. payment | /mo
5,249 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID NDP2602771
Lot Size 5,249 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Set on a 5,249 SF lot in one of San Diego's most sought-after urban neighborhoods, this well-maintained, fully leased, independently metered triplex delivers compelling income from day one. Multi-family inventory in University Heights is critically constrained and properties like this rarely come to market. New roof in 2024. Newer water heater. Main House 1,334 SF | 3BD/2BA | Bonus office/flex space, enclosed sunroom, in-unit laundry, full kitchen, large porch, and unique finishes throughout. Unit A 529 SF | 1BD/1BA | Full kitchen, quality appliances, laminate flooring, light and bright Unit B 546 SF | 1BD/1BA | Full kitchen, quality appliances, laminate flooring, charming and well cared for Pro forma rents have potential reach $9,400/month, $112,800 annually representing $2,210/month in projected upside as leases roll to market. Estimated pro forma cap rate: 4.36%. On-site laundry, 615 SF storage, 4 parking spaces, 3 are covered carport spaces with storage and alley access. University Heights delivers walkable Park Boulevard living independent restaurants, craft breweries, coffee shops, and live music steps away. Old Trolley Barn Park nearby. Kensington, Normal Heights, Hillcrest, and North Park all within easy reach. Balboa Park moments away. Downtown 1525 min via CA-163/I-8. SAN Airport is under 5 miles away. Strong rental demand supported by proximity to SDSU, USD, downtown employment, and the medical corridor. Whether you're an investor or a buyer ready to house-hack your way into San Diego 4581 Georgia Street is the phenomenal opportunity you have been searching
Location
State CA
County San Diego
Direction GPS, easy to find.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 4451320400
Acceptable Financing Cash, Conventional, Exchange, FHA, VA
Listing Terms Cash, Conventional, Exchange, FHA, VA
Virtual Tour https://www.4581georgia.com
Listed by Tanya Parks, DRE#01961090 Compass
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