1913 Georgia Ct, North Park, CA 92104

$3,250,000

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$3,250,000
Status
ACTIVE
MLS#
260016918SD
Days on Market
57
Property Type
Commercial
Property Sub Type
Mixed Use

Property Description

We are 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.?

Additional Information

Cooling
Yes
Attached Structure
Detached
Number Of Units Total
9
Gross Scheduled Income
$187,740
Operating Expense
97938

Listing courtesy of Listing Agent: Ben Sierpina (bsierpina@marcusmillichap.com) from Listing Office: Marcus & Millichap.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.