OUR AGENTS' LISTINGS

3707-09 Georgia St
Metro Uptown San Diego 92103

$1,099,000
2-4 Units built: 1927

Main Photo: NORTH PARK Property for sale: 3707-09 Georgia St in San Diego
Photo 1: NORTH PARK Property for sale: 3707-09 Georgia St in San Diego
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Status:
Active
Prop. Type:
2-4 Units
MLS® Num:
200021038
Year Built:
1927
Only two blocks to Balboa Park with favorable RM-3-7 zoning, allowing one unit per 1K sqft! This Classic Spanish Style North Park duplex is what you have been looking for as a solid long-term investment! The property consists of 2 bed / 1 bathroom spacious 910 sqft units. Both units have natural hardwood floors, plenty of light, detached garages, fireplace in upstairs unit, & great rental histories. The upper unit is vacant for buyer owner occupancy or an investor to lease at market rent. View 3D tour!
Lot Size:
1-3,999 SF
Number of Buildings:
2
Number of Units:
2
Year Built:
1927
Stories:
2 Story
Total Stories:
2
Market Area:
Metro Uptown
Community:
NORTH PARK
County:
San Diego
Neighborhood Code:
North Park
Name of Complex/Subdivision:
North Park
Mello Roos Fee:
0.0
Monthly Total Fees:
0.0
Other Fees:
0.0
Tenant pays:
Electricity, Gas/Propane
Projected net operating income:
44100
Other income:
0
Annual expense actual:
14160
Projected annual expense:
14700
Cap Rate.:
3.86
Projected Cap Rate.:
4.0
Gross Rent Multiplier:
19.4
Projected Gross Rent Multiplier:
18.7
Gross scheduled income:
56640
Projected gross scheduled income:
58800
Unit Number for Unit 1:
3707
Finished Area for Unit 1:
910 sq. ft.
Bedrooms for Unit 1:
2
Number of bathrooms for Unit 1:
1
Full Bathrooms for Unit 1:
1
Half Bathrooms for Unit 1:
0
Deposit for Unit 1:
2200.0
Total Rent for Unit 1:
2225.0
Projected Rent for Unit 1:
2225.0
Total Garage Spaces for Unit 1:
1
Garage for Unit 1:
Assigned, Detached
Parking for Unit 1:
Uncovered
Unit 1 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 1:
Common
Unit Number for Unit 2:
3709
Finished Area for Unit 2:
910 sq. ft.
Bedrooms for Unit 2:
2
Number of bathrooms for Unit 2:
1
Full Bathrooms for Unit 2:
1
Half Bathrooms for Unit 2:
0
Deposit for Unit 2:
0.0
Total Rent for Unit 2:
0.0
Projected Rent for Unit 2:
2600.0
Total Garage Spaces for Unit 2:
1
Garage for Unit 2:
Assigned, Detached
Parking for Unit 2:
Uncovered
Unit 2 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 2:
Common
Number of bathrooms for Unit 3:
0
Number of bathrooms for Unit 4:
0
Matterport 3D Tour: 3709: https://tours.previewfirst.com/ml/100293#threed 3707: https://tours.previewfirst.com/ml/100292#threed The lower unit is tenant occupied and the upper unit is vacant, making this investment a great opportunity for an owner-occupied buyer that wants to live in one unit and rent the other or an investor that wants to lease the top unit at market rates. Because of the property’s prime location, it would also make for a great AirBnB due to the proximity to Balboa Park, Downtown San Diego, and our local beaches. With RM-3-7 zoning, allowing 1 unit per 1,000 sqft on this 3,001 sqft lot, there might be the potential to build more. Currently there are two units with the potential zoning to possibly build one additional unit. There is also a two-car garage with electric and plumbing already going to it. Buyer and buyer’s agent to verify any and all development opportunity and the ability to add a 3rd unit. 3709 is the upper unit and 3707 is the lower unit. Because 3709 is the upper unit with superior views it demands a higher rental rate. Compass COVID-19 Notice: https://drive.google.com/file/d/1KOevjT-8R-lvBdn79akm1p0DMhBIHvrY/view
Florida Ct
Exposure Front:
N/K
Exterior Features:
Stucco
Cooling:
Wall/Window
Heating:
Wall/Gravity
Heating fuel:
Natural Gas
Number of Units with Cooling:
2
Number of Units with Dishwashers:
0
Number of Units with Dryers:
2
Number of Units with Fireplaces:
1
Number of Furnished Units:
1
Number of Units with Garages:
2
Number of Units with Patios:
0
Number of Units with Range/Oven:
2
Number of Units with Refrigerators:
2
Number of Units with Washers:
2
Roof:
Rolled/Hot Mop, Tile
Security:
N/K
Fencing:
Partial
Short Sale:
No
Listing Type:
Exclusive Right (R)
Age Restrictions:
N/K
Sales Restrictions:
N/K
Terms:
Cash, Conventional, FHA, VA
Parcel Number:
453-182-12-00
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Larger map options:
Data was last updated May 31, 2020 at 01:10 PM (UTC)
Area Statistics
Listings on market:
69
Avg list price:
$1,000,000
Min list price:
$489,000
Max list price:
$2,949,900
Avg days on market:
46
Min days on market:
2
Max days on market:
171
Avg price per sq.ft.:
$183.25
These statistics are generated based on the current listing's property type and located in Metro Uptown. Average values are derived using median calculations.