Welcome to 4608 Georgia Street, a rare, designer-upgraded multifamily gem located in the heart of University Heights, one of San Diego’s most walkable and desirable neighborhoods. This is not your typical rental property; this fully furnished, turnkey 5-unit investment has been thoughtfully curated with upscale finishes that you don’t come… Read More across very often. Special seller financing is also available for this property. Originally designed for traveling medical professionals and executives, the property offers stable in-place income and a desirable unit mix consisting of two studios, two 1-bedroom/1-bathroom units, and one 2-bedroom/2-bathroom unit. Each unit has been tastefully upgraded over the last three years with chef-caliber kitchens featuring luxury cabinetry, high-end stainless steel appliances, and premium countertops. Bathrooms have been fully remodeled with modern, high-end finishes. All units include either in-unit stackable washer/dryers or access to shared laundry, and are equipped with efficient mini-split HVAC systems. Recent improvements include fresh exterior paint completed in April 2025 and a newer rear deck (2023) with a spiral staircase (2025). All five units are currently rented at market rates, the 2-bedroom unit is used by the owner and offers immediate flexibility for owner-occupancy. The property also features private patios and decks, french doors, seven off-street parking spaces, and separately metered utilities for most units. Just two blocks from Trolley Barn Park and Park Boulevard, residents enjoy easy access to local cafes, restaurants, boutiques, and neighborhood amenities. Zoned RM-3-9, this truly one-of-a-kind property is ideal for investors or owner-occupants seeking a high-quality, low-maintenance asset with both near-term upside and long-term value in one of San Diego’s premier rental markets. Read Less
Built in 1922, Building area total: 2,370, 1 building, Architectural style: , Attached, Common walls: OneCommonWall
Community
Curbs, Gutters, Sidewalks, Urban, Park
Cooling
Ductless, SeeRemarks
Expenses
Electric expense: $6,000, Insurance expense: $1,600, New taxes expense: $24,381, Operating expense: $54,600, Water sewer expense: $2,460, Other expense: $1,260
Fence
GoodCondition, Partial
Floors
Tile, Wood
Income
Gross income: $156,000, Net operating income: $101,400
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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