3770 Georgia St - Apartments FOR SALE


San Diego, CA 92103- North Park
$3,295,000 USD
619-784-1031
3770 Georgia St, San Diego, CA for Sale
$3,295,000 USD
Apartments - FOR SALE
1/14
null | 3.79% Cap Rate

3770 Georgia St
San Diego, CA 92103
North Park


HIGHLIGHTS

  • A+ San Diego Location: Hillcrest / 92103 | Very Well-Maintained Clean Asset
  • Very Well-Maintained Clean Asset | Vintage Spanish Style Architecture
  • Highly Desirable Charming Sunny Apartments | 9-Ft Coved Ceilings, Hardwood Floors, Some with Views
  • Value-Add Opportunity: Good Upside Potential in Rents | All Apartments Individually Metered for Gas and Electricity
  • Six Garages; On-site Laundry | Close Proximity to Balboa Park, Mission Hills & North Park
  • Great Walk Score of 93 | Convenient Access to Downtown / Airport, Highway 163 & I-8

OVERVIEW

This property at 3770 Georgia Street is a very charming well-maintained pride of ownership multifamily property. Located in the Hillcrest neighborhood of San Diego, CA, one of San Diego’s best performing submarkets, it consists of eight (8) one-bedroom apartments and six (6) single car garages. Built in 1929, property offers potential historic designation featuring vintage Spanish Colonial Revival architecture with Heavy Adobe Bumpy wall stucco, mission style arched doors and windows, and wrap around staircases. Property is offered for sale for the first time in nearly thirty years. ProForma Cap Rate: 5.77% / ProForma GRM: 12.26 **Drive-by only, do not disturb tenants. Contact listing agent for offering memorandum.**

FOR SALE DETAILS

PRICE

$3,295,000 USD

PRICE/SF

$586 USD /SF

# OF UNITS

8

PRICE/UNIT

$411,875

CAP RATE

3.79%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8-Units Hillcrest, A+ Location, Spanish Style

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

RM-3-9

APN/PARCEL ID

452-201-14

ASK ABOUT THIS PROPERTY

James V. CarterApartment Realty Group, IncMore Info
619-784-1031

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James V. CarterApartment Realty Group, IncMore Info
619-784-1031

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