3961 Georgia St, San Diego, CA 92103 (MLS # 240009945)

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Price	$2,095,000
Status	Active
Beds	3
Baths	3 Baths
Home size	1,305 sqft
Lot Size	6,970 sqft
Days on Market	14

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 cafÃ©s, 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.

Property Type(s): Multi Family

Last Updated	5/6/2024	Tract	Hillcrest/North Park
Year Built	1914	County	San Diego

Additional Details

AIR	Central Air
AIR CONDITIONING	Yes
BUYER'S BROKERAGE COMPENSATION	2.0
CONSTRUCTION	Stucco, Wood Siding
LOT	6970 sq ft
LOT DIMENSIONS	4,000-7,499 SF
STORIES	1
SUBDIVISION	Hillcrest/North Park
UTILITIES	Sewer Connected
VIEW	Yes
VIEW DESCRIPTION	Valley
ZONING	RM-3-9

Listed with CBRE

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