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. University Heights is centrally located within San Diego and continues to experience strong rental demand, offering investors attractive long-term rent growth potential. The property is fully stabilized and presents a compelling opportunity for investors seeking consistent cash flow with future upside. Located within walking distance to some of San Diego’s most popular bars, restaurants, and retail destinations, the property boasts an impressive Walk Score of 95. Positioned at the crossroads of three of San Diego’s most sought-after rental markets—University Heights, Hillcrest, and North Park—the asset benefits from exceptional location fundamentals and long-term investment appeal.