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3944-3946 Georgia Street

San Diego, CA 92103
  • $2,050,000
  • STATUS: ACTIVE
  • ON SITE: 25 Days
  • ID#: 240022031
Price Reduced
UPDATED: 39 min ago
$2,050,000
  • 5
    BEDS
  • 0.13
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,879
    SQFT
  • $712
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1928
County:

School Ratings & Info

Description

Very well maintained and partially renovated fourplex ideally located in the "92103" on the boarder of Hillcrest, University Heights, and North Park. The property is 100% occupied with low operating costs and immediate rental upside. The property features a two-story front house including a 1284 SF three-bedroom with in-unit laundry downstairs and 520 SF fully renovated studio upstairs with private patio and area views. The back building features an 812 SF two-bedroom, fully renovated 263 Sf studio, laundry room, new roof, and off-street parking with ally access. Tenants pay separate utilities and landlord pays water. The property is Complete Communities Tier 3 with FAR of 6.5, ideal for future high density multifamily development. Broker is also the property owner.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.forsalesandiego.com/homes/155316208
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3944-3946 Georgia Street San Diego, CA 92103

  • Price: $2,050,000
  • Status: ACTIVE
  • On Site: 25 Days
  • Updated: 39 min ago
  • ID#: 240022031
5
Beds
4
Baths
0
½ Baths
0.13
Acres
2,879
SQFT
$712
$/SQFT
1928
Built
Neighborhood:
University Heights
County:
San Diego
Area:
Mission Hills (92103)
Property Description
Very well maintained and partially renovated fourplex ideally located in the "92103" on the boarder of Hillcrest, University Heights, and North Park. The property is 100% occupied with low operating costs and immediate rental upside. The property features a two-story front house including a 1284 SF three-bedroom with in-unit laundry downstairs and 520 SF fully renovated studio upstairs with private patio and area views. The back building features an 812 SF two-bedroom, fully renovated 263 Sf studio, laundry room, new roof, and off-street parking with ally access. Tenants pay separate utilities and landlord pays water. The property is Complete Communities Tier 3 with FAR of 6.5, ideal for future high density multifamily development. Broker is also the property owner.
Exterior Features

Exterior Wood/Stucco Fencing FullGate Parking Garage Desc Unit1 Detached Roof Composition Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 0 Units With Patios 4

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 1 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups Common Unit4 Laundry Hook Ups Common Units With Cooling 0 Units With Dishwashers 4 Units With Dryers 1 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 1

Property Features

Actual Cap Rate 3.6 Age Restrictions N/K Annual Expense Actual 39488 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Community HILLCREST Complex Park Fourplex Cross Streets Lincoln Avenue Gross Rent Multiplier Actual 18.17 Gross Scheduled Income Actual 112824 Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 1200 Projected Cap Rate 4.6 Sales Restrictions N/K Security Gated Community Short Sale No Tenant Pays Cable TVElectricityGas/PropaneHot Water Terms CashConventional Unit Number For Unit1 3946 Unit Number For Unit2 3946.5 Unit Number For Unit3 3944 Unit Number4 3944.5 Unit1 Deposit 2995 Unit1 Occupied Tenant Unit1 Rent Actual 3099.0 Unit2 Deposit 1855 Unit2 Occupied Tenant Unit2 Rent Actual 1949.0 Unit3 Deposit 2000 Unit3 Occupied Tenant Unit3 Rent Actual 2535.0 Unit4 Deposit 1725 Unit4 Occupied Tenant Unit4 Rent Actual 1819.0

San Diego MLS logo Listing provided courtesy of Philip Buckley of CBRE: 760-822-9861. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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Yarbrough Group
2445 Truxtun Rd., Ste 108
San Diego CA, 92106