1913-27 Georgia Court
Multifamily | 9 Units | $361,111/unit
Marketing description
Marcus & Millichap is 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.
Investment 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 Units with No Shared Walls
- Abundant Off-Street Parking - 9 Spaces (1 Per Unit)
- Large Storage Spaces and Private Yards (Select Units)
- Various Exterior Capital Improvements
- In-Demand Unit Mix of One and Two Bedroom Units
- 80 Walk Score in a Walker's Paradise
- Easy Access to 163 Freeway, Interstate 8, Interstate 5, and Interstate 805
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