4581 Georgia Street
San Diego, CA, 92116 $ 1,585,000
Baths0.0 Sq 3,258 Monthly Estimate*
$ 9,759
Studio for $1,585,000. This 3,258 square foot home was built in 1977 on a lot size of 0.1205.
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.
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FeaturesGeneralSewer Public Sewer
Heating Wall Furnace
Appliances Dryer Washer
Zoning R-M
HOA Fee 0
Garage Spaces 0
Pool Features None
Year Built 1977
Gross Income 86280
Community Features Street Lights Suburban Sidewalks
County San Diego
Net Operating Income 46596
Operating Expense 35370
Insurance Expense 0
New Construction false
Property Type Residential Income
HOA false
Garage Y/N false
Special Listing Conditions Trust
Status Active
Directions GPS easy to find.
City San Diego
Entry Location 1
Senior Community Y/N false
Number Of Units Total 3
MLS Area 92116 - Normal Heights
Lot Size Units Square Feet
Lot Size Square Feet 5249
Carport Spaces 4
Carport Y/N true
Number of Units Leased 3
Listing Terms Cash Cash to New Loan Conventional 1031 Exchange FHA 203(b) FHA 203(k) FHA Fannie Mae VA Loan
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Rent Control Y/N true
Virtual Tour http://www.4581georgia.com/mls/236741401 http://www.4581georgia.com
Standard Status Active
Tax Lot 08001
Taxes 19813
Cap Rate 2.94
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InteriorTotal Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N false
Laundry Features Washer Hookup Gas Dryer Hookup Laundry Room
Entry Level 1
Total Baths 0
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ExteriorLot Features 0-1 Unit/Acre
Total Parking 4
Lot Size Area 5249
Number of Buildings 2
Spa false
Building Area Total 3258
Lot Size Acres 0.1205
Private Pool false
Lot Size Source Public Records
Number of Separate Water Meters 2
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
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* Excluded FeaturesList Bytanyaparksre@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $9,759
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in San Diego, CA
Average List Price $2,238,325
Percent of Sale Price 41%
About San Diego, CA 1,417,428 Population
15% Since 2002
$ 72,408 Median Income
36.37 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/24/2026 | $1,585,000 | | Listed Price |