3961 Georgia, San Diego, CA 92103 - MLS#240009945

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Julie & Chris Wilhelmy

juliekwilhelmy@gmail.com +1(858) 414-7833

$1,749,000

Est. payment - /mo

3 Beds

3 Baths

805 SqFt

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UPDATED:

09/03/2024 09:04 PM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 805 sqft

Price per Sqft $2,172

Subdivision Hillcrest

MLS Listing ID 240009945

Bedrooms 3

Full Baths 3

HOA Y/N No

Year Built 1914

Lot Size 6,993 Sqft

Property Description

Fully renovated craftsman house and one-bedroom flat with large usable lot for ADU's or high density development. Located on the boarder of North Park and Hillcrest (92103) in one of central San Diego's strongest housing markets. The property is located in an Opportunity Zone, and is Complete Communities Tier 3 with an FAR of 6.5. The base zoning is RM-3-9 (600 SF/DU). The two existing homes on site are currently rented for $3,480 and $2,050 per month. The property has proposed entitlements to build 22 additional units in the rear yard (24 units total). Proposed Building Plans are available upon request. Hillcrest is central San Diego’s premier residential neighborhood offering a vibrant urban lifestyle while still maintaining a sense of tranquility. The area is thriving with new construction along with renovation of existing buildings, offering a unique blend of historic charm and contemporary urban living. Residents are walking distance to top ranked restaurants, parks, trendy cafés, eclectic shops, farmers markets, schools, and entertainment. The community boarders Balboa Park, the City of San Diego’s preeminent recreational destination. Hillcrest also feature numerous convenient thoroughfares, allowing easy access to Downtown and Mission Valley, along with Hwy 163, I-5, and I-8. As a result, Hillcrest has become a magnet for young professionals, families, and high net worth individuals, making it ideal for real estate investment and development.

Location

State CA

County San Diego

Community Hillcrest

Area Mission Hills (92103)

Building/Complex Name Duplex

Zoning RM-3-9

Interior

Cooling Central Forced Air

Fireplaces Number 1

Exterior

Exterior Feature Stucco, Wood/Stucco

Fence Partial

View Evening Lights, Mountains/Hills, Valley/Canyon

Roof Type Composition

Building

Story 1

Lot Size Range 4000-7499 SF

Sewer Sewer Connected

Level or Stories 1 Story

Others

Miscellaneous Value in Land

Acceptable Financing Cash, Conventional

Space Rent $3,480

Listing Terms Cash, Conventional

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Listed by Philip J Buckley • CBRE

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Julie & Chris Wilhelmy

+1(858) 414-7833

Broker | License ID: 02152206

Broker License ID: 02152206

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