3721 Georgia St - Apartments FOR SALE


San Diego, CA 92103- North Park
$2,360,000 USD
858-248-1222
3721 Georgia St, San Diego, CA for Sale
$2,360,000 USD
Apartments - FOR SALE
1/10
null | 3.75% Cap Rate

3721 Georgia St
San Diego, CA 92103
North Park


HIGHLIGHTS

  • 8 Units in Prime North Park Location Bordering Hillcrest
  • Walkable to Numerous Retail, Bars and Restaurants
  • Oversized 1 Bedroom Units - 610 SF
  • Value Add - 56% upside in Rents with Renovation
  • Oversized Corner Lot

OVERVIEW

Whitewater Commercial Real Estate & CBRE are pleased to present 3721 Georgia St, an 8-unit apartment building in the heart of San Diego’s coveted North Park neighborhood. The building was built in 1978 and rests on a large 7,434 sf corner lot. The unit mix consists of eight (8) large one-bedroom units of 610 sf that feature large living rooms, patios or balconies for select units and plenty of natural light. Property amenities include on-site parking, multiple patio areas and an on-site laundry room. A few units have a mix of upgrades including new flooring, updated kitchens with stainless appliances and upgraded bathrooms. Current ownership also recently undertook a full roof replacement. With a Walk Score of 87, the property is ideally situated in the upscale part of North Park that borders Hillcrest. Numerous bars, restaurants, retail shops and grocery stores are nearby providing tenants with ultimate convenience. North Park has been recognized nationally multiple times, recently being rated among the top “Up and Coming” neighborhoods in the U.S by US Travel Mag.

FOR SALE DETAILS

PRICE

$2,360,000 USD

PRICE/SF

$482 USD /SF

# OF UNITS

8

PRICE/UNIT

$295,000

CAP RATE

3.75%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,436 SF

ZONING

R3

APN/PARCEL ID

453-182-14

ASK ABOUT THIS PROPERTY

Nate PepperCBREMore Info
858-248-1222

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Nate PepperCBREMore Info
858-248-1222

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