San Diego, CA 92116 4608 Georgia St

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Presented By: Kate Goodwin with eXp Realty of Southern CA; katesellssd@gmail.com
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# NDP2505419
  • 06/03/2025
  • Request Tour
  • Request Info
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 2
  • Baths • 2
  • SQFT • 2,370

Home Details

Welcome to 4608 Georgia Street, a rare, designer-upgraded multifamily gem located in the heart of University Heights, one of San Diego’s most walkable and desirable neighborhoods. This is not your typical rental property, this fully furnished, turnkey 5-unit investment has been thoughtfully curated with upscale finishes that you simply don’t come across very often. Originally designed for traveling medical professionals and executives, the property offers stable in-place income and a desirable unit mix consisting of two studios, two 1-bedroom/1-bathroom units, and one 2-bedroom/2-bathroom unit. Each unit has been tastefully upgraded over the last three years with chef-caliber kitchens featuring luxury cabinetry, high-end stainless steel appliances, and premium countertops. Bathrooms have been fully remodeled with modern, high-end finishes. All units include either in-unit stackable washer/dryers or access to shared laundry, and are equipped with efficient mini-split HVAC systems. Recent improvements include fresh exterior paint completed in April 2025 and a newer rear deck (2023) with a spiral staircase (2025). All five units are currently rented at market rates, the 2-bedroom unit is used by the owner and offers immediate flexibility for owner-occupancy. The property also features private patios and decks, french doors, seven off-street parking spaces, and separately metered utilities for most units. Just two blocks from Trolley Barn Park and Park Boulevard, residents enjoy easy access to local cafes, restaurants, boutiques, and neighborhood amenities. Zoned RM-3-9, this truly one-of-a-kind property is ideal for investors or owner-occupants seeking a high-quality, low-maintenance asset with both near-term upside and long-term value in one of San Diego’s premier rental markets.
Presented By: Kate Goodwin with eXp Realty of Southern CA; katesellssd@gmail.com

Interior Features for 4608 Georgia St

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace Y/NNo
FlooringTile, Wood
Heating Y/NNo
Interior AmenitiesBalcony, CeilingFans, Furnished, RecessedLighting
Laundry FeaturesSeeRemarks, Stacked
Total Stories3

Other Rooms

Entry Level1

General for 4608 Georgia St

Additional Parcels Y/NNo
AppliancesBuiltInRange, Dishwasher, GasCooking, Refrigerator, Dryer, Washer
Attached Garage No
Cap Rate5.6
Carport Y/NNo
CitySan Diego
Community FeaturesCurbs, Gutters, Sidewalks, Urban, Park
CoolingDuctless, SeeRemarks
CountySan Diego
DirectionsPark Blvd to Madison Ave, left on Georgia.
DisclosuresPrincipalIsRealEstateLicensed
Electric Expense6000.0
Electric On Property Y/NNo
Entry LocationFront and Second Floor
Expected Active Date 2025-06-05
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income156000.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense1600.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, Conventional, Exchange1031, FHA, OwnerMayCarry, VaLoan
Lot Size Square Feet3114.0
Lot Size UnitsSquareFeet
MLS Area92116 - Normal Heights
MobileHomeRemainsYNNo
Net Operating Income101400.0
New ConstructionNo
Number Of Units Total5
Number of Units Leased5
Open Parking Spaces7.0
Operating Expense54600.0
Pool FeaturesNone
Property Attached Y/NYes
Property ConditionTurnkey
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot26
Taxes$24,381
Total Actual Rent13000.0
Trash Expense0.0
Virtual TourClick here
Water Sewer Expense2460.0
Year Built1922
Year Built SourceEstimated
ZoningR-3

Exterior for 4608 Georgia St

Building Area Total2370.0
Crops Included Y/NNo
FencingGoodCondition, Partial
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre, CornerLot, Landscaped, NearPark, NearPublicTransit
Lot Size Acres0.0715
Lot Size Area3114.0
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesDriveway, OnSite, OffStreet, OneSpace
Private PoolNo
SpaNo
Total Parking7.0
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,795,000
MLS#NDP2505419
List Date 06/03/2025
Property Type Multi-Family
Phone 714.742.6515
Request Tour
Request Info
Visit My Website

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