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4615 Georgia Street, San Diego, CA 92116

Commercial property · 2 recorded sales since 2019

4615 Georgia Street, San Diego, CA 92116 Sold December 2020 CRMLS
$2,725,000Sold December 2020

Listing Agent: Gabe Candea (DRE #01892704) · Listing Office: Beacon Investment Realty · Contact: 619-243-9892 · Bought with: Gabe Candea · Beacon Investment Realty · MLS #200046732 · Source: CRMLS

7
Units
4.53%
Cap Rate
$130,436
NOI
7,309 sqft
Lot Size
Commercial property
Type

About this commercial property

The Spot @ Uni Heights is a completely turnkey, highly remodeled seven unit multi-family investment property in the San Diego metro community of University Heights and is comprised of three 2 Bedroom/1 Bath apartments, four 1 Bedroom/1 Bath apartments, and three garage spaces. The apartments feature Air Conditioning, Washer/Dryer in every unit, Stainless Steel Appliances, Quartz Countertops, Shaker Cabinets, LVP Flooring, Mirrored Closet Doors, and Recessed Can Lighting. Low maintenance landscaping and shared courtyard with built in barbecue and firepit. The opportunity allows for an investor to collect significant cash flow in an appreciating sub-market of North Park/University Heights. Hedge against AB-1482. THE AMENITIES The apartments feature Air Conditioning, Washer/Dryer in every unit, Landscaped grounds, Garages with electric openers, Sliding glass doors, Stainless Steel Appliances, Quartz Countertops, Shaker Cabinets, Dishwasher, LVP Flooring, Mirrored Closet Doors, Recessed Can Lighting, Wall & Ceiling Color (Neutral, light gray, with white trim and doors), Full Remodel inside and out. THE OPPORTUNITY The opportunity allows for an investor to collect significant cash flow in an appreciating sub-market of North Park/University Heights. Hedge against AB-1482 "Rent Control". Ratio Utility Billing Service (RUBS) in place to offset expenses. Contact Broker for financing details. Amenities: BBQ

Listing description from the December 2020 sale, as reported to CRMLS.

Sale history

$2,725,000
Sold December 2020 · listed $2,895,000, on market September 2020 · MLS #200046732 · Source: CRMLS
Listing Agent: Gabe Candea · Listing Office: Beacon Investment Realty · Contact: 619-243-9892 · Bought with: Gabe Candea · Beacon Investment Realty
$1,800,000
Sold December 2019 · listed $1,799,900, on market October 2019 · MLS #190059357 · Source: CRMLS
Listing Agent: David Zarella · Listing Office: Dave Zarella & Associates · Contact: 619-807-3283 · Bought with: Gabe Candea · Beacon Investment Realty
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