$2,070,000
$2,050,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 08/17/2022
Key Details
Sold Price $2,070,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision North Park
MLS Listing ID 220018369SD
Sold Date 08/17/22
HOA Y/N No
Year Built 1927
Property Description
Georgia & Cypress is a unique high quality apartment property in an A+ area of North Park, San Diego, with 3 addresses associated with 92103 (Hillcrest) and 1 address associated with 92104 (North Park). The property sits just 2 blocks to the world renown Balboa Park and is within walking distance of trendy restaurants, upscale grocery stores, coffee shops and nightlife. Georgia & Cypress consists of 2 – 2 Bedroom / 1 Bathroom units and 2 – 1 Bedroom / 1 Bathroom units WITH EXCESS LAND TO POTENTIALLY ADD AN ADDITIONAL 2 UNITS TO THE SITE. The property is on a corner lot and has 4 designated parking spaces in the rear of the property. Each unit has a large storage area and 3 of the 4 units have washer/dryer hookups with one unit having adequate space to add this feature. The property also boasts a new roof (2021), newer dual pane windows, a complete exterior painting (2020) and landscaping. The interiors have been kept very well over the years with various upgrades to 3 of the 4 units. Although the property is meticulously maintained, due to long term ownership, the in-place rents are very low. There is significant upside potential through a complete renovation of unit 3647 Georgia St. & minor updates to the remaining units. Unit 3639 Georgia St. (2BR/1BA) will be delivered vacant at the close of escrow, allowing a buyer the opportunity to live in the unit and rent out the others, or to complete additional updates to bring the rent up to market. Georgia & Cypress offers an opportunity for the long term investor or owner occupier to own a rarely offered, highly unique property Unit # for Unit 1: 3639 Unit # for Unit 2: 3641 Unit # for Unit 3: 3647 Unit # for Unit 4: 1905 Number of Furnished Units: 0
Location
State CA
County San Diego
Area 92103 - Mission Hills
Zoning RM-3-7
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Fence None
Roof Type Rolled/Hot Mop
Building
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 4532913700
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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Bought with Saeid Baha • Baha & Associates Inc