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**SELLER FINANCING AVAILABLE** 3770 Georgia St 8 Unit Apartment Building $3,090,000 ($386,250/Unit) 4.31% Cap Rate San Diego, CA 92103
Investment Highlights
- Contact Listing Agent to Schedule a Tour
- A+ San Diego Location: Hillcrest / 92103 | Close Proximity to Balboa Park, Mission Hills & North Park
- Highly Desirable Charming Sunny Apartments | Vintage Spanish Style Architecture
- Seller Will Consider Carrying the Financing
- Very Well-Maintained Clean Asset | Hardwood Floors
- (6) Single Car Garages with Onsite Laundry | Upstairs Units with Views
Executive Summary
8-Units in Prime Hillcrest. Seller will consider carrying the financing. Located in the Hillcrest neighborhood of San Diego, CA, one of San Diego’s best performing submarkets, it consists of eight (8) one-bedroom apartments and six (6) single car garages with onsite laundry.
Featuring vintage Spanish Colonial Revival architecture with Heavy Adobe Bumpy wall stucco and mission style arched doors and windows • Very Well-Maintained Clean Asset • Highly Desirable Charming Sunny Apartments • 9-Ft Coved Ceilings, Hardwood Floors, Upstairs Units with Views • Good Upside Potential in Rents • All Apartments Individually Metered for Gas and Electricity • Close Proximity to Balboa Park, Mission Hills & North Park • ProForma Cap Rate: 5.80 / ProForma GRM: 12.20
Contact Listing Agent to Schedule a Tour and for the Offering Memorandum
Featuring vintage Spanish Colonial Revival architecture with Heavy Adobe Bumpy wall stucco and mission style arched doors and windows • Very Well-Maintained Clean Asset • Highly Desirable Charming Sunny Apartments • 9-Ft Coved Ceilings, Hardwood Floors, Upstairs Units with Views • Good Upside Potential in Rents • All Apartments Individually Metered for Gas and Electricity • Close Proximity to Balboa Park, Mission Hills & North Park • ProForma Cap Rate: 5.80 / ProForma GRM: 12.20
Contact Listing Agent to Schedule a Tour and for the Offering Memorandum
Property Facts
| Price | $3,090,000 | Apartment Style | Low-Rise |
| Price Per Unit | $386,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 4.31% | Building Size | 4,472 SF |
| Gross Rent Multiplier | 15.14 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | Parking Ratio | 1.34/1,000 SF |
| Zoning | RM-3-9 | ||
| Price | $3,090,000 |
| Price Per Unit | $386,250 |
| Sale Type | Investment |
| Cap Rate | 4.31% |
| Gross Rent Multiplier | 15.14 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,472 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1930 |
| Parking Ratio | 1.34/1,000 SF |
| Zoning | RM-3-9 |
Amenities
Unit Amenities
- Balcony
- Disposal
- Ceiling Fans
- Kitchen
- Refrigerator
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 8+1 | 8 | $2,083 | 559 |
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 452-201-14 | Improvements Assessment | $325,726 |
| Land Assessment | $244,292 | Total Assessment | $570,018 |
Property Taxes
Parcel Number
452-201-14
Land Assessment
$244,292
Improvements Assessment
$325,726
Total Assessment
$570,018
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**SELLER FINANCING AVAILABLE** | 3770 Georgia St
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