Properties

San Diego, CA 92116 4581 Georgia Street

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Presented By: Tanya Parks with Compass; tanyaparksre@gmail.com
  • MLS# NDP2602771
  • 02/28/2026
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  • SQFT • 3,258

Home Details

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 โ€” 1,334 SF | 3BD/2BA | Bonus office/flex space, enclosed sunroom, in-unit laundry, full kitchen, large porch, and unique finishes throughout. Unit A โ€” 529 SF | 1BD/1BA | Full kitchen, quality appliances, laminate flooring, light and bright Unit B โ€” 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 โ€” 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 โ€” 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 15โ€“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 โ€” 4581 Georgia Street is the phenomenal opportunity you have been searching for.
Presented By: Tanya Parks with Compass; tanyaparksre@gmail.com

Interior Features for 4581 Georgia Street

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NNo
Common Walls2+ Common Walls
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesWasher Hookup, Gas Dryer Hookup, Laundry Room
Total Stories2

Other Rooms

Entry Level1

General for 4581 Georgia Street

AppliancesDryer, Washer
Cap Rate2.94
Carport Spaces4
Carport Y/NYes
CitySan Diego
Community FeaturesStreet Lights, Suburban, Sidewalks
CountySan Diego
DirectionsGPS, easy to find.
Electric Expense
Entry Location1
Fuel Expense
Garage Spaces
Garage Y/NNo
Gross Income86280
HOANo
HOA Fee$
HeatingWall Furnace
Insurance Expense
Land Lease Y/NNo
Listing TermsCash, Cash to New Loan, Conventional, 1031 Exchange, FHA 203(b), FHA 203(k), FHA, Fannie Mae, VA Loan
Lot Size Square Feet5249
Lot Size UnitsSquare Feet
MLS Area92116 - Normal Heights
Net Operating Income46596
New ConstructionNo
Number Of Units Total3
Number of Units Leased3
Operating Expense35370
Pool FeaturesNone
PostalCitySAN DIEGO
Property Attached Y/NYes
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsTrust
Standard StatusActive
StatusActive
Tax Lot08001
Taxes$19,813
Trash Expense0
Virtual TourClick here
Virtual TourClick here
Water Sewer Expense0
Year Built1977
ZoningR-M

Exterior for 4581 Georgia Street

Building Area Total3258
Lot Features0-1 Unit/Acre
Lot Size Acres0.1205
Lot Size Area5249
Lot Size SourcePublic Records
Number of Buildings2
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters2
Private PoolNo
SpaNo
Total Parking4

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $1,585,000
MLS#NDP2602771
List Date 02/28/2026
Property Type Multi-Family
Phone 888.795.6274
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