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4177-4181 Georgia St 6 Unit Apartment Building $3,766,702 CAD ($627,784 CAD/Unit) 5.40% Cap Rate San Diego, CA 92103
Investment Highlights
- Offers an attractive in-place cap rate of 5.40%
- Features a full amenity package, including air conditioning, laundry, and solar
- Ideally located in the heart of University Heights
- Boasts a 95 Walk Score, & within walking distance to attractions along Park Blvd
- Includes three off-street parking spaces for added convenience
Executive Summary
Whitewater Commercial Real Estate is pleased to present a 6-unit apartment community located in the highly desirable neighborhood of University Heights in San Diego, California. Situated at 4173 Georgia Street, the property underwent a full renovation in 2019 and was expanded in 2023 with the addition of two newly constructed units.
The property is situated on a 6,971 square foot lot and offers approximately 4,332 rentable square feet. The unit mix consists of a favorable unit mix the features (3) one-bedroom / one-bathroom units, (2) two-bedroom / two-bathroom units, and (1) three-bedroom / two-bathroom unit. Each unit is equipped with split AC and heating systems, with select units offering private patios or yard space. Two units include in-unit laundry, while the remaining units share on-site laundry facilities. The property also provides 3
off-street parking spaces.
The property is situated on a 6,971 square foot lot and offers approximately 4,332 rentable square feet. The unit mix consists of a favorable unit mix the features (3) one-bedroom / one-bathroom units, (2) two-bedroom / two-bathroom units, and (1) three-bedroom / two-bathroom unit. Each unit is equipped with split AC and heating systems, with select units offering private patios or yard space. Two units include in-unit laundry, while the remaining units share on-site laundry facilities. The property also provides 3
off-street parking spaces.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,766,702 CAD | Building Class | C |
| Price Per Unit | $627,784 CAD | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 4,332 SF |
| Cap Rate | 5.40% | Average Occupancy | 100% |
| Gross Rent Multiplier | 12.88 | No. Stories | 1 |
| No. Units | 6 | Year Built/Renovated | 1935/2024 |
| Property Type | Multifamily | Parking Ratio | 0.69/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden |
| Price | $3,766,702 CAD |
| Price Per Unit | $627,784 CAD |
| Sale Type | Investment |
| Cap Rate | 5.40% |
| Gross Rent Multiplier | 12.88 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 4,332 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1935/2024 |
| Parking Ratio | 0.69/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 527 - 564 |
| 2+2 | 2 | - | 776 |
| 3+2 | 1 | - | 1,125 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 445-502-05 | Total Assessment | $2,248,867 CAD |
| Land Assessment | $1,525,023 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $723,844 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
445-502-05
Land Assessment
$1,525,023 CAD
Improvements Assessment
$723,844 CAD
Total Assessment
$2,248,867 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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4177-4181 Georgia St
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