4104 Georgia Street, San Diego, California 92103, San Diego, 92103 - 3 bed, 2 bath

4104 Georgia Street, San Diego, California 92103 home-pic-0
ACTIVE$1,295,000
4104 Georgia Street, San Diego, California 92103
3Beds
2Baths
1,398Sqft
3,766Lot

Price Vs. Estimate

The estimated value ($970,836.425) is $324,163.575 (25%) lower than the list price ($1,295,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Location & Walkability: Situated in one of San Diego’s most walkable and high-demand neighborhoods with a Walk Score® of 94, steps from cafés, restaurants, nightlife, Balboa Park, grocery stores, and major transit.
Top Cons:
Age of Property: Built in 1942, the existing single-family residence is over 80 years old, likely requiring extensive updates to meet modern standards and potentially having outdated systems.

Compared to the nearby listings

Price:$1.29M vs avg $1.78M ($-489,900)24%
Size:1,398 sqft vs avg 1,954 sqft24%
Price/sqft:$926 vs avg $93349%

More Insights

Built in 1942 (83 years old).
Condition: Built in 1942, this property is presented as a 'canvas' for 'full redevelopment' with 'fully approved entitlements and construction documents for a 14-unit residential project.' The images show a dilapidated exterior with a boarded-up entrance, indicating the structure is unlivable and its value is based solely on the land and its redevelopment potential, aligning perfectly with a tear-down classification.
Year Built
1942
Close
-
List price
$1.29M
Original List price
$1.29M
Price/Sqft
$926
HOA
-
Days on market
-
Sold On
-
MLS number
250044968SD
Home ConditionTear down
Features
View-

About this home

4104 Georgia Street, an exceptionally located single-family residence ready for a new owner’s vision. Situated in one of San Diego’s most walkable and high-demand neighborhoods, this property offers the perfect canvas for owner-occupants, flippers, or small developers looking for a straightforward renovation or a full redevelopment using included, ready-to-issue (RTI) plans. Positioned on a ±3,766 SF lot, the existing structure lends itself to a high-margin cosmetic or full-scale remodel, ideal for buyers seeking to modernize and capture significant upside in Hillcrest, an urban district known for strong resale values, limited inventory, and year-round demand. For investors or builders aiming bigger, the sale includes fully approved entitlements and construction documents for a 14-unit residential project, offering a second pathway for value creation. With a Walk Score® of 94, the property sits steps from cafés, restaurants, nightlife, Balboa Park, grocery stores, and major transit. Whether your buyer is looking to renovate and reside, upgrade and resell, or leverage the RTI plans for a turnkey multifamily build, 4104 Georgia presents multiple layers of flexibility in one of San Diego’s strongest urban cores.

Price History

Date
Event
Price
05/25/21
Sold
$710,000
07/18/18
Sold
$745,000
03/26/15
Sold
$648,000
03/17/06
Sold
$579,000
Condition Rating
Tear down

Built in 1942, this property is presented as a 'canvas' for 'full redevelopment' with 'fully approved entitlements and construction documents for a 14-unit residential project.' The images show a dilapidated exterior with a boarded-up entrance, indicating the structure is unlivable and its value is based solely on the land and its redevelopment potential, aligning perfectly with a tear-down classification.
Pros & Cons

Pros

Exceptional Location & Walkability: Situated in one of San Diego’s most walkable and high-demand neighborhoods with a Walk Score® of 94, steps from cafés, restaurants, nightlife, Balboa Park, grocery stores, and major transit.
Significant Development Potential: Includes fully approved entitlements and ready-to-issue (RTI) construction documents for a 14-unit residential project, offering a clear path for substantial value creation.
Versatile Investment Opportunity: Offers multiple pathways for value creation, appealing to owner-occupants looking to renovate, flippers seeking high-margin remodels, or developers leveraging the RTI plans for a multifamily build.
Strong Market Demand: Located in Hillcrest, an urban district known for strong resale values, limited inventory, and year-round demand, ensuring a robust market for future sales or rentals.
Renovation Upside: The existing structure provides a perfect canvas for a high-margin cosmetic or full-scale remodel, allowing a new owner to modernize and capture significant equity.

Cons

Age of Property: Built in 1942, the existing single-family residence is over 80 years old, likely requiring extensive updates to meet modern standards and potentially having outdated systems.
Requires Significant Capital Investment: The property is presented as a 'canvas' for renovation or redevelopment, indicating that substantial additional capital will be required beyond the purchase price for either a remodel or the 14-unit project.
Not Move-in Ready: The description emphasizes renovation and redevelopment, suggesting the current structure is not suitable for immediate occupancy without considerable work, which may deter buyers seeking a turnkey home.

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