Millman Team Real Estate

$1,585,000
0.12 Acre Lot

4581 Georgia Street, San Diego, California 92116

  • Residential Income Property Type
  • 1977 Year Built
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. Multi-family inventory in University Heights is critically constrained and properties like this rarely come to market. 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.

Basic Details
Residential Income
For Sale
NDP2602771
$1,585,000
1977
0.12 Acre
Active
1
Features
: None
: Wall Furnace
4.0
: Washer Hookup, Gas Dryer Hookup, Laundry Room
: Public Sewer
$0
Appliances
: Dryer, Washer
Address Map
CA
San Diego
San Diego
92116
Georgia
4581
Street
W118° 51' 18.8''
N32° 45' 38.1''
GPS, easy to find.
92116 - Normal Heights
R-M
Additional Information
$0
$0
$0
$0
$0
3258
: Sidewalks, Street Lights, Suburban
1
: 0-1 Unit/Acre
3
2026-03-24
1585000
2
http://www.4581georgia.com
http://www.4581georgia.com/mls/236741401
Broker/Agent Information
Compass
Tanya Parks
Listing Information
125362
19337
Cash,Cash to New Loan,Conventional,1031 Exchange,FHA 203(b),FHA 203(k),FHA,Fannie Mae,VA Loan
Active
2026-04-08T17:02:32Z
CRMLS
: Trust
2026-03-23T17:00:00Z
Agent info
Ray Millman
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