The Georgia Crest, a premier 7-unit multifamily investment opportunity located in the highly desirable Hillcrest neighborhood of San Diego. This one-of-a-kind, fully renovated asset offers investors a rare opportunity to acquire a turn-key, stabilized property in a core urban market with significant long-term upside. Comprising all large two-bedroom,… Read More two-bathroom units, the property features a blend of fully permitted new construction and to-the-studs renovation. Every system from electrical and plumbing to roofing and HVAC has been replaced or upgraded to current code, creating a virtually new building with minimal future capital requirements. All units include full-size in-unit laundry, individual split-system HVAC, and dedicated on-site parking — a true differentiator in this dense infill location. The property is 100% all-electric, and two units feature wired 220V EV charging, individually metered. Positioned on an elevated hillside lot, the site offers panoramic city and mountain views and is steps from the Hillcrest Farmers Market, grocers, coffee shops, bars, and restaurants — earning a Walk Score of 93 (“Walker’s Paradise”). All units were pre-leased prior to construction completion, demonstrating strong demand and leasing velocity for this unique asset. Read Less
Listing Snapshot
Days Online
1
Last Updated
Property Type
Mixed Use
Lot Size
0.16 Acres
MLS Number
250036745SD
30 Days Snapshot Of 92103
$1.40M
-5%
(avg) sold price
18
-45%
homes sold
70
-6%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
1 building, Construction materials: Stucco
Expenses
Operating expense: $94,935
Income
Net operating income: $222,430
Lot
0.16 acres, 6,970 square feet, Size: 0
Parking
7 totals parking
Property
Zoning: RM-3-9
Roof
Composition
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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