3944 Georgia Street

San Diego, CA 92103

$2,050,000
Price
5
Beds
5
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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...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.
  1. Listed by Philip Buckley • DRE #01209801 • Brokerage DRE #00950210 • CBRE

Property Details for 3944 Georgia Street

Cross Streets
Lincoln Avenue
Source Living Area
404
Area
Mission Hills San Diego (MIH)
Lot Size Area
5597
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly
Assessor Parcel Number
445-660-16-00
LISTING UPDATED: 11/19/2024 11:12 AM

Property Details for 3944 Georgia Street

StatusActive
MLS #240022031SD
Days on Market95
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1928
Lot Size0.13 AC / 5,597 SF
CountySan Diego County

Building Information for 3944 Georgia Street

Stories2Residences-Year Built1928Building Size-Lot Size0.13 AC / 5,597 SF

Property Information for 3944 Georgia Street

Community / Development
Community / Development
  • Complex Name: Fourplex
  • Number Of Units: 4
  • Builders Tract Name: University Heights
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 2
  • View: No
  • Security Features: Gated
Contract Info
Contract Info
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $73,336.00
  • Gross Scheduled Income: $112,824
  • Cap Rate: 3.60%
  • Gross Rent Multiplier: $18.17
  • Other Income1: $1,200.00
  • Total Annual Expense: 39488
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: None
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Composition
  • Fence: Full, Gate
Lease Terms
Lease Terms
  • Listing Terms: Cash, Conventional
  • Tenant Pays: Cable TV, Electricity, Gas/Propane, Hot Water
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Rent: $3,099.00
  • Unit Actual Rent: $3,099.00
  • Like Units: 1
Unit 2 Information
  • Unit Baths: 1
  • Unit Rent: $1,949.00
  • Unit Actual Rent: $1,949.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $2,535.00
  • Unit Actual Rent: $2,535.00
  • Like Units: 1
Unit 4 Information
  • Unit Baths: 1
  • Unit Rent: $1,819.00
  • Unit Actual Rent: $1,819.00
  • Like Units: 1

Property History for 3944 Georgia Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 3944 Georgia Street

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - K to 12
Public - 1 to 12
Rating
School
Distance
Jefferson Elementary School
PublicK to 5

Roosevelt International Middle School
Public6 to 8

Home & Hosp/Transition Support
PublicK to 12

Alba School
Public1 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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3944 Georgia Street is a multi-family home for sale in San Diego, CA 92103. This property was listed for sale on September 17, 2024 by CBRE, it's currently listed at $2,050,000. This listing's school district is San Diego Unified School District. Nearby schools include Jefferson Elementary School, Roosevelt International Middle School and Home & Hosp/Transition Support. 3944 Georgia Street is a 5-bed, 5-bath, multi-family home built in 1928.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CBRE, Philip Buckley, DRE #01209801

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