4581 Georgia Street, San Diego, CA 92116

Property Description

Set on a 5,249 SF lot in one of San Diego's most sought-after urban neighborhoods, this well-maintained, fully leased, independently metered triplex delivers compelling income from day one. The front home and all units are clean and charming. Floor plans used in lieu of photography to respect tenant privacy. Multi-family inventory in University Heights is critically constrained and properties like this rarely come to market. New roof in 2024. Newer water heater. Main House — 1,334 SF | 3BD/2BA | Bonus office/flex space, enclosed sunroom, in-unit laundry, full kitchen, large porch, and unique finishes throughout. Unit A — 529 SF | 1BD/1BA | Full kitchen, quality appliances, laminate flooring, light and bright Unit B — 546 SF | 1BD/1BA | Full kitchen, quality appliances, laminate flooring, charming and well cared for Pro forma rents have potential reach $9,400/month, $112,800 annually — representing $2,210/month in projected upside as leases roll to market. Estimated pro forma cap rate: 4.36%. On-site laundry, 615 SF storage, 4 parking spaces, 3 are covered carport spaces with storage and alley access. University Heights delivers walkable Park Boulevard living — independent restaurants, craft breweries, coffee shops, and live music steps away. Old Trolley Barn Park nearby. Kensington, Normal Heights, Hillcrest, and North Park all within easy reach. Balboa Park moments away. Downtown 15–25 min via CA-163/I-8. SAN Airport is under 5 miles away. Strong rental demand supported by proximity to SDSU, USD, downtown employment, and the medical corridor. Whether you're an investor or a buyer ready to house-hack your way into San Diego — 4581 Georgia Street is the phenomenal opportunity you have been searching for.