1913-1927 Georgia Ct - Apartments FOR SALE


San Diego, CA 92104- North Park
$3,250,000 USD
858-775-9825
1913-1927 Georgia Ct, San Diego, CA for Sale
$3,250,000 USD
Apartments - FOR SALE
1/14
null | 3.01% Cap Rate

1913-1927 Georgia Ct
San Diego, CA 92104
North Park


HIGHLIGHTS

  • Prime North Park Location Less than (2) Blocks to Balboa Park
  • Large 11,698 SF Lot In Complete Communities Tier 3 (6.5 FAR)
  • Value-Add Opportunity with Significant Upside Potential
  • Detached Cottage Style Units with No Shared Walls
  • Abundant Off-Street Parking - 9 Spaces (1 Per Unit)
  • Large Storage Spaces and Private Yards (Select Units)

OVERVIEW

Pleased to present the exclusive listing for 1913–27 Georgia Court, a 9-unit multifamily investment opportunity located on the highly desirable border of the North Park and Hillcrest neighborhoods in San Diego, California. Originally constructed between 1930 and 1950, the character-rich property features a durable concrete foundation, classic stucco exterior, wood-framed roofing, and a distinctive courtyard-style layout. Offered for the first time in over 20 years, this unique property combines low-density, cottage-style living with strong near-term rental upside and long-term redevelopment potential. The 5,100-square-foot property consists of five 2-bedroom / 1-bathroom cottages and four spacious 1-bedroom / 1-bathroom units . The attractive unit mix, select units with private yards and large designated storage space for each cottage unit. Abundant off-street parking includes (9) dedicated spaces (one per unit), and each unit is separately metered for SDG&E. Recent exterior capital improvements include a new concrete driveway, dual-pane windows in four units, and all-new exterior siding on Cottage Unit 1919. Through a modern renovation, an investor could capture significant upside and bring rents to current market levels. *Contact Listing Broker for Offering Memorandum*

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$637 USD /SF

# OF UNITS

9

PRICE/UNIT

$361,111

CAP RATE

3.01%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

11,996 SF

ZONING

RM-3-7

APN/PARCEL ID

453-182-03,453-182-03-00

ASK ABOUT THIS PROPERTY

Ben SierpinaMarcus & MillichapMore Info
858-775-9825

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Ben SierpinaMarcus & MillichapMore Info
858-775-9825

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.