Fully renovated craftsman house and one-bedroom flat with large rear lot for ADU’s or high-density new development in Hillcrest, central San Diego’s strongest housing market. Located in an 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. Existing third-party reports 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.
Listed by Philip Buckley
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License #01209801
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CBRE
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760-822-9861
Last updated October 15, 2025
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Source: CRMLS #250027211SD
Listing Facts
TypeMulti-family
NeighborhoodUniversity Heights
Days on Prevu163
Amenities
Parking
Location
Mortgage Calculator
Listing History
10/04/2025
Status changed to Active
$1,495,000
10/03/2025
Status changed to Removed from Feed
$1,495,000
09/20/2025
Status changed to Active
$1,495,000
09/19/2025
Status changed to Removed from Feed
$1,495,000
09/18/2025
Status changed to Active
$1,495,000
09/16/2025
Status changed to Removed from Feed
$1,495,000
09/16/2025
Status changed to Active
$1,495,000
09/14/2025
Status changed to Removed from Feed
$1,495,000
09/12/2025
Status changed to Active
$1,495,000
09/05/2025
Status changed to Removed from Feed
$1,495,000
09/05/2025
Status changed to Active
$1,495,000
09/03/2025
Status changed to Removed from Feed
$1,495,000
09/01/2025
Status changed to Active
$1,495,000
08/29/2025
Status changed to Removed from Feed
$1,495,000
08/01/2025
Price Decreased
$1,495,000
06/28/2025
Status changed to Active
$1,545,000
06/27/2025
Status changed to Removed from Feed
$1,545,000
06/26/2025
Price Decreased
$1,545,000
05/14/2025
Status changed to Active
$1,595,000
05/13/2025
Status changed to Removed from Feed
$1,595,000
05/12/2025
Listed by CBRE
$1,595,000
Property Details for 3961 Georgia
Exterior
Construction
Number Of Units Total: 2
Roof: Composition
Stories: 2
Stories Total: 2
Year Built: 1930
Features
Fencing: Partial
Measurements
Lot Size Acres: 0.16
Lot Size Area: 6,993
Lot Size Source: Assessor
Lot Size Square Feet: 6,993
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 2.65
Taxes
Parcel Number: 4456710700
Other
Location
Subdivision Name: Hillcrest
Utilities
Equipment
Has Heating: Yes
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
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