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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 — 1,334 SF | 3BD/2BA | Bonus office/flex space, enclosed sunroom, in-unit laundry, full kitchen, large porch, and unique finishes throughout. Unit A — 529 SF | 1BD/1BA | Full kitchen, quality appliances, laminate flooring, light and bright Unit B — 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 — 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 — 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 15–25 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 — 4581 Georgia Street is the phenomenal opportunity you have been searching for.
AGENT: Tanya Parks LISTING BROKERAGE: Compass
Courtesy of Compass. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 4581 Georgia ST
San Diego, CA
Property Details
Price:
$1,585,000
MLS #:
NDP2602771
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Neighborhood:
92116normalheights
Listed Date:
Mar 31, 2026
Total Sq Ft:
3,258
Lot Size:
5,249 sqft / 0.12 acres (approx)
Year Built:
1977
92116 – Normal Heights92116normalheights
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Schools
Interior
Heating
WL
Laundry Features
GAS, IR, DINC, WH, WINC
Exterior
Common Walls
_2CW
Community Features
SDW, SL, SUB
Parking Spots
4
Parking Total
4
Financial
Net Operating Income
$46,596
Map
Community
- Address4581 Georgia ST San Diego CA
- CitySan Diego
- CountySan Diego
- Zip Code92116