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4177-4181 Georgia St

6 Unit Block of Flats £2,334,404 (£389,067/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.

Data Room Click Here to Access

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 £2,334,404
Price Per Unit £389,067
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 £2,244 564
2+2 2 £2,323 776
3+2 1 £2,909 1,125
Walk Score ®
Walker's Paradise (94)
Bike Score ®
Very Bikeable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

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
  • Listing ID: 33644658

  • Date on Market: 25/10/2024

  • Last Updated:

  • Address: 4177-4181 Georgia St, San Diego, CA 92103

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