Listed by WHITEWATER Commercial Real Estate
$2,750,000
4177-81 Georgia Street
Details
APN 445-502-05-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,332
Net Rentable (SqFt) 4,332
Units 6
Cap Rate 5.40%
NOI $148,558
Occupancy 100%
Pro-Forma Cap Rate 5.76%
Pro-Forma NOI $158,394
Price per SqFt $635
Year Built 1935
Year Renovated 2019, 2023
Buildings 4
Stories 2
Lot Size (SqFt) 7,840
Parking Spaces spaces
Sale Condition For sale by owner
6 Units | Fully Renovated
Marketing description
6-unit apartment community located in the highly desirable neighborhood of University Heights in San Diego, California. Situated at 4173 Georgia Street, the property underwent a full renovation in 2019 and was expanded in 2023 with the addition of two newly constructed units. The property is situated on a 6,971 square foot lot and offers approximately 4,332 rentable square feet. The unit mix consists of a favorable unit mix the features (3) one-bedroom / one-bathroom units, (2) two-bedroom / two-bathroom units, and (1) three-bedroom / two-bathroom unit. Each unit is equipped with split AC and heating systems, with select units offering private patios or yard space. Two units include in-unit laundry, while the remaining units share on-site laundry facilities. The property also provides 3 off-street parking spaces.
Investment highlights
Offers an attractive in-place cap rate of 5.40%
Boasts a 95 walk score & within walking distance to attractions along Park Blvd
Features a full amenity package, including air conditioning, laundry, and solar
Includes three off-street parking spaces for added convenience
Ideally located in the heart of University Heights
Recent upgrades include major systems such as electrical, roof, and plumbing
Listing Contacts
Listed by WHITEWATER Commercial Real Estate
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$148,558.00
$12,379.83/mo
Valuation Metrics
0
DSCR
5.4%
Cap Rate
5.4%
ROI
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