NOT LISTED FOR SALE

4038-4040 1/2 Georgia St San Diego, CA 92103

University Heights Neighborhood
7 Beds
4 Baths
3,225 Sq Ft
7,003 Sq Ft Lot

Last Sold April 14, 2022

Last sale price $1,995,000 $619 Per Sq Ft

4 Days on Market

Highlights

  • Panoramic View
  • Birney Elementary School Rated A
  • Property is Fully Fenced

About This Home

As of April 2022

Location, location, location!! Prime location with a great walking score to almost everything your heart desires in Hillcrest and North Park. Complete Communities zone w/FAR Tier 3 & the ability to build up to 6.5 FAR & Transit Priority Area w/no parking requirement!! Potential to build 36+ units depending on size & FAR. Existing residences include a 3 bed, 2 bath downstairs (approx. 1525 sqft). Two additional 2 bed, 1 bath units in back of property (approx. 850 soft each). Each unit is clean and in good condition. Great existing cash flow while you work on your building permits for development.

Last Listed By

Kyle Stoner

Keller Williams Realty License #01839034 Listed on: 03/05/2022

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1920

Lot Details

  • 7,003 Sq Ft Lot
  • Property is Fully Fenced

Parking

  • Alley Access

Property Views

  • Panoramic
  • City
  • Mountain

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Utilities

  • Separate Water Meter
  • Gas Water Heater

Community Details

  • 3 Units
  • Net Operating Income $60,000

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 445-551-17-00

Property Details

Home Type

Multi-Family

Year Built

1920

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Metro Uptown
  • Cross Street: Lincoln
  • Neighborhood: Hillcrest North Park
  • LP / Sq Ft: 28.09
  • Stories: 2 Story
  • Sale Price List Price: 1.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1920

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full
  • Roof: Composition
  • View: City, Mountains/Hills, Panoramic

Utilities

  • Sewer/Septic: Sewer Available
  • Water: Available, Meter on Property
  • Water Heater Type: Gas

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, Public Street
  • Water District: CITY OF SAN DIEGO
  • Zoning: R-3:RESTRI
  • Assessor Parcel Number: 445-551-17-00
  • Estimated Lot Sq Ft: 7003

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 60000
  • Annual Expense Actual: 22200
  • Annual Expense Projected: 32000
  • Gross Rent Multiplier Actual: 24.0
  • Gross Rent Multiplier Projected: 19.0
  • Gross Sched Income Actual: 82200
  • Gross Sched Income Projected: 103200
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 1
  • Number Of Units With Dishwashers: 3
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Garage: 1
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2022 04/14/22 Sold $1,995,000 -0.3% $619 / Sq Ft
03/10/2022 03/10/22 Pending -- -- --
03/05/2022 03/05/22 For Sale $2,000,000 -- $620 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kyle Stoner

    Seller's Agent in 2022

    Kyle Stoner

    Keller Williams Realty

    (310) 575-3301

    1 in this area

    15 Total Sales

    Kyle Stoner
    Section Image
  • Sherry Chen

    Buyer's Agent in 2022

    Sherry Chen

    Compass

    (858) 231-0397

    1 in this area

    65 Total Sales

    Sherry Chen
    Section Image
  • Patrick Kappel

    Buyer Co-Listing Agent in 2022

    Patrick Kappel

    Compass

    (858) 699-6817

    2 in this area

    107 Total Sales

    Patrick Kappel
    Section Image
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Map

Source: San Diego MLS

MLS Number: 220005077

San Diego MLS

California San Diego County San Diego 92103 University Heights

4038-4040 1/2 Georgia St, San Diego, CA

Homes for Sale in San Diego, CA

This home is located at 4038-4040 1/2 Georgia St, San Diego, CA 92103 since 05 March 2022. This property was built in 1920. 4038-4040 1/2 Georgia St is a home located in San Diego County with nearby schools including Birney Elementary School, Roosevelt International Middle School, and North Park Christian School.

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