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Fully Renovated Duplex w/ Large Lot for Dev 3961 Georgia St 2 Unit Apartment Building $1,495,000 ($747,500/Unit) San Diego, CA 92103
Investment Highlights
- Fully renovated craftsman house with loft and one-bed flat with large rear lot for ADU’s or high-density new development
- Proximity to Balboa Park, Downtown and Mission Valley with convenient access to Hwy 163, I-5, and I-8
- Walking distance to top ranked restaurants, parks, cafes, shops, farmers market, schools, and entertainment
- Located in Opportunity Zone and Complete Communities Tier 3 with FAR of 6.5
Executive Summary
CBRE is pleased to offer for sale a fully renovated craftsman house and one-bedroom
flat with large rear lot for ADU’s or high-density new development
in Hillcrest, central San Diego’s strongest housing market. Located in an
Opportunity Zone and Complete Communities Tier 3 with FAR of 6.5. The two
existing homes on site are currently rented for $3,480 and $2,050 per month.
flat with large rear lot for ADU’s or high-density new development
in Hillcrest, central San Diego’s strongest housing market. Located in an
Opportunity Zone and Complete Communities Tier 3 with FAR of 6.5. The two
existing homes on site are currently rented for $3,480 and $2,050 per month.
Property Facts In Escrow
| Price | $1,495,000 | Building Class | C |
| Price Per Unit | $747,500 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 1,676 SF |
| No. Units | 2 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2014 |
| Apartment Style | Single-Family Home | Opportunity Zone |
Yes
|
| Zoning | RM-3-9 - Residential | ||
| Price | $1,495,000 |
| Price Per Unit | $747,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 1,676 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2014 |
| Opportunity Zone |
Yes |
| Zoning | RM-3-9 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | $3,480 | 1,200 |
| 1+1 | 1 | $2,050 | 500 |
1 1
Walk Score®
Walker's Paradise (93)
Property Taxes
| Parcel Number | 445-671-07 | Improvements Assessment | $142,226 |
| Land Assessment | $1,109,381 | Total Assessment | $1,251,607 |
Property Taxes
Parcel Number
445-671-07
Land Assessment
$1,109,381
Improvements Assessment
$142,226
Total Assessment
$1,251,607
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Fully Renovated Duplex w/ Large Lot for Dev | 3961 Georgia St
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