Investment Overview

The Trujillo Group of Marcus & Millichap is pleased to present a 6-unit apartment complex in the thriving neighborhood of University Heights. 4173 Georgia Street located in San Diego, California was built as a 4-unit property in 1935, fully renovated in 2019, then 2 more units were added in 2023. The property sits on a 6,971 square feet lot, with 4,332 rentable square feet. The unit mix consists of (3) one-bedroom / one-bathroom, (2) two-bedrooms / two-bathrooms, and (1) three-bedrooms / two-bathrooms. Each unit has a split AC and heating system, and select units have private patios and yards. Two units have in-unit laundry while the others are shared. Then to complete this property, the new construction units are equipped with solar panels as well. University Heights rests in the heart of San Diego with a high potential for rent growth and a pathway for an investor to increase cash flow over time on this fully stabilized asset. Within walking distance to some of San Diegos best bars, restaurants, and shopping, this property boasts an impressive Walk Score of 95. Situated of the boarder of the of three of San Diego’s best rental markets – University Heights, Hillcrest, and North Park – this property is well positioned with the investor’s longevity in mind.