3639 Georgia St San Diego, CA 92103

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