4177-4181 Georgia St
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4177-4181 Georgia St
6 Unit Block of Flats £2,339,385 (£389,897/Unit) San Diego, CA 92103
Investment Highlights
- (2) Brand New Units Built in 2023
- 95 Walk Score
- (2) New Units with In-Unit Laundry + Communal Laundry Room
- (4) Fully Renovated in 2019
- Split AC/Heat Systems
- Off Street Parking
Executive Summary
The Trujillo Group of Marcus & Millichap is pleased to present a 6-unit apartment complex in the thriving neighborhood of University Heights. 4173 Georgia Street located in San Diego, California was built as a 4-unit property in 1935, fully renovated in 2019, then 2 more units were added in 2023. The property sits on a 6,971 square feet lot, with 4,332 rentable square feet.
The unit mix consists of (3) one-bedroom / one-bath-room, (2) two-bedrooms / two-bathrooms, and (1) three-bedrooms / two-bathrooms. Each unit has a split AC and heating system, and select units have private patios and yards. Two units have in-unit laundry while the others are shared. Then to complete this proper-ty, the new construction units are equipped with solar panels as well.
University Heights rests in the heart of San Diego with a high potential for rent growth and a pathway for an investor to increase cash flow over time on this fully stabilized asset. Within walking distance to some of San Di-egos best bars, restaurants, and shopping, this property boasts an impressive Walk Score of 95. Situated on the border of the of three of San Diego’s best rental markets – University Heights, Hillcrest, and North Park – this property is well positioned with the investor’s longevity in mind.
The unit mix consists of (3) one-bedroom / one-bath-room, (2) two-bedrooms / two-bathrooms, and (1) three-bedrooms / two-bathrooms. Each unit has a split AC and heating system, and select units have private patios and yards. Two units have in-unit laundry while the others are shared. Then to complete this proper-ty, the new construction units are equipped with solar panels as well.
University Heights rests in the heart of San Diego with a high potential for rent growth and a pathway for an investor to increase cash flow over time on this fully stabilized asset. Within walking distance to some of San Di-egos best bars, restaurants, and shopping, this property boasts an impressive Walk Score of 95. Situated on the border of the of three of San Diego’s best rental markets – University Heights, Hillcrest, and North Park – this property is well positioned with the investor’s longevity in mind.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | $99,999 | $9.99 |
Vacancy Loss | $99,999 | $9.99 |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2024) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Vacancy Loss | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | £2,339,385 | Lot Size | 0.18 AC |
Price Per Unit | £389,897 | Building Size | 4,332 SF |
Sale Type | Investment | Average Occupancy | 100% |
No. Units | 6 | Number of Floors | 1 |
Property Type | Residential | Year Built | 1935 |
Property Subtype | Apartment | Parking Ratio | 0.69/1,000 SF |
Apartment Style | Garden | Opportunity Zone |
Yes
|
Building Class | C |
Price | £2,339,385 |
Price Per Unit | £389,897 |
Sale Type | Investment |
No. Units | 6 |
Property Type | Residential |
Property Subtype | Apartment |
Apartment Style | Garden |
Building Class | C |
Lot Size | 0.18 AC |
Building Size | 4,332 SF |
Average Occupancy | 100% |
Number of Floors | 1 |
Year Built | 1935 |
Parking Ratio | 0.69/1,000 SF |
Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
1+1 | 3 | £2,249 | 564 |
2+2 | 2 | £2,328 | 776 |
3+2 | 1 | £2,915 | 1,125 |
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Walk Score ®
Walker's Paradise (94)
Bike Score ®
Very Bikeable (79)
PROPERTY TAXES
Parcel Number | 445-502-05 | Total Assessment | £1,272,450 |
Land Assessment | £862,886 | Annual Taxes | -£1 (£0.00/sf) |
Improvements Assessment | £409,564 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
445-502-05
Land Assessment
£862,886
Improvements Assessment
£409,564
Total Assessment
£1,272,450
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
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4177-4181 Georgia St
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