3961 Georgia St - Fully Renovated Duplex w/ Large Lot for Dev
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3961 Georgia St - Fully Renovated Duplex w/ Large Lot for Dev
0.16 Acres of Residential Land Offered at $1,749,000 in San Diego, CA 92103
Investment Highlights
- Fully renovated craftsman house and one-bed flat with large rear lot for ADU's or high-density new development
- Proximity to Balboa Park, Downtown and Mission Valley with convenient access to Hwy 163, I-5, and I-8
- Walking distance to top ranked restaurants, parks, cafes, shops, farmers market, schools, and entertainment
- Located in Opportunity Zone and Complete Communities Tier 3 with FAR of 6.5
Executive Summary
Price Reduced! CBRE is pleased to offer for sale a fully renovated craftsman house and one-bed flat with large rear lot for ADU's or high-density new development in Hillcrest, central San Diego's strongest housing market. Located in Opportunity Zone and Complete Communities Tier 3 with FAR of 6.5. 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 (24 units total). Proposed Building Plans 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.
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.
Property Facts
| Price | $1,749,000 | Property Subtype | Residential |
| Sale Type | Investment | Total Lot Size | 0.16 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land |
| Price | $1,749,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.16 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $1,749,000 | Lot Size | 0.16 AC |
| Price Per AC | $10,894,684.71 |
| Price | $1,749,000 |
| Price Per AC | $10,894,684.71 |
| Lot Size | 0.16 AC |
PRICE REDUCED! Fully renovated craftsman house and one-bed flat with large rear lot for ADU's or high-density new development in Hillcrest, central San Diego's strongest housing market. Opportunity Zone & Complete Communities Tier 3 with FAR of 6.5.
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Walk Score®
Walker's Paradise (93)
zoning
| Zoning Code | RM-3-9 |
| RM-3-9 |
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3961 Georgia St - Fully Renovated Duplex w/ Large Lot for Dev
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