3977-3983 Georgia St Immeuble residentiel 7 lots 2 326 435 € (332 348 €/Lot) Taux de capitalisation 5,09 % San Diego, CA 92103

We are pleased to exclusively present 3977-83 Georgia Street, a beautifully remodeled multifamily asset located in the vibrant North Park neighborhood of San Diego, CA. Situated on a 6,995-square-foot view lot, this well-maintained property offers a desirable mix of studio/1-bath units, all thoughtfully updated to enhance tenant comfort and appeal. Zoned RM-3-9, the property allows for the development of up to 10 additional units at the rear of the lot, presenting a rare opportunity to increase density in one of San Diego’s most dynamic and walkable urban submarkets. Renovated in 2014, the building features upgraded windows and doors, energy-efficient all-electric systems, individual hot water heaters, and in-unit laundry centers—offering modern convenience and long-term operational efficiency. Attractive assumable financing is available with a current loan balance of $1,134,106, monthly payments of $5,482, and a fixed interest rate of 3.64% until May 1, 2027 with a maturity date of May 1, 2052. Centrally located just minutes from both Hillcrest and North Park’s premier dining, shopping, and entertainment destinations, the property offers exceptional walkability and strong lifestyle appeal. Units provide immediate rental income stability, with multiple paths for value-add enhancement. All studios can be easily converted to one-bedroom layouts, and Juliet balconies may be expanded into full balconies. Additional value can be unlocked through the addition of parking and storage amenities, further improving tenant experience and long-term potential.