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For sale
  • Listed by: Compass • Tanya Parks • Contact: 619-550-8887
    Price cut: $15K (5/22)
    $1,570,000

    4581 Georgia St, San Diego, CA 92116

    5beds
    3,258sqft
    : 
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    Single Family Residence
    Built in 1977
    5,249 Square Feet Lot
    $1,555,300 Zestimate®
    $482/sqft
    $-- HOA

    What's special

    3 homes for the price of 1! Live in one and use the income of the other two to offset your mortgage. Set on a 5,249 SF lot in one of San Diego's most walkable, sought-after urban neighborhoods, the charming 3BD/2BA main home offers the character, space, and location you have been searching for, with two additional income-producing units that make this property a smart investment now and into the future. The main residence lives like a classic University Heights gem: 1,334 SF with a bonus office/flex space, enclosed sunroom, in-unit laundry, full kitchen, large porch, and unique finishes throughout. What sets this property apart is the ability to generate income. Two additional units on the lot, a 529 SF 1BD/1BA and a 546 SF 1BD/1BA, both with full kitchens, quality appliances, and light-filled interiors, offer a rare opportunity to live in one unit or the main house while offsetting your mortgage with rental income, house a family member nearby, or create a dedicated guest or work space. Floor plans are provided in lieu of photography to respect current tenant privacy. Additional amenities include on-site laundry, 615 SF of storage, and 4 parking spaces (3 covered carport with storage and alley access) very rare and valuable finds in this part of the city. Location is everything here: walkable Park Boulevard living with independent restaurants, craft breweries, coffee shops, and live music just steps away. Old Trolley Barn Park nearby. Kensington, Normal Heights, Hillcrest, and North Park all within easy reach, with Balboa Park moments away. Downtown is 15–25 minutes via CA-163/I-8, and San Diego International Airport is under 5 miles out. Whether you're a buyer looking to live in a character-filled University Heights home with income potential, or you want extra space for multigenerational living, 4581 Georgia Street offers a rare combination of lifestyle and long-term value in a neighborhood where unique income asset generating properties are becoming harder to find!
    24 days
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    672
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    14
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    Zillow last checked:

    Listing updated:

    Listed by:

    Tanya Parks DRE #01961090 tanyaparksre@gmail.com,

    Compass

    Source: CRMLS,MLS#: NDP2606227MLS LogoOriginating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 4
      • Full bathrooms: 4
      • Main level bathrooms: 2
      • Main level bedrooms: 3
      Rooms
      • Room types: Bonus Room, Bedroom, Family Room, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom, Utility Room
      Primary bedroom
      • Features: Main Level Primary
      Bedroom
      • Features: Bedroom on Main Level
      Cooling
      • None
      Appliances
      • Included: Dryer, Washer
      • Laundry: Common Area, Electric Dryer Hookup, Gas Dryer Hookup
      Features
      • Bedroom on Main Level, Main Level Primary, Utility Room
      • Has fireplace: No
      • Fireplace features: None
      • Common walls with other units/homes: 1 Common Wall
      Interior area
      • Total interior livable area: 3,258 sqft

      Property

      Parking
      • Total spaces: 8
      • Parking features: Carport
      • Carport spaces: 4
      • Uncovered spaces: 4
      Features
      • Levels: Two
      • Stories: 2
      • Entry location: 1
      • Pool features: None
      • Has view: Yes
      • View description: Neighborhood
      Lot
      • Size: 5,249 Square Feet
      • Features: 0-1 Unit/Acre
      Details
      • Parcel number: 4451320400
      • Zoning: R-M
      • Special conditions: Trust

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      • Attached to another structure: Yes
      Condition
      • New construction: No
      • Year built: 1977

      Utilities & green energy

      • Sewer: Public Sewer

      Community & HOA

      Community
      • Features: Curbs, Street Lights, Sidewalks
      Location
      • Region: San Diego

      Financial & listing details

      • Price per square foot: $482/sqft
      • Tax assessed value: $149,710
      • Annual tax amount: $2,440
      • Date on market: 6/29/2026
      • Cumulative days on market: 24 days
      • Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange,FHA,VA Loan

        Estimated market value

        $1,555,300

        $1.48M - $1.63M

        $5,063/mo

        Price history

        DateEventPrice
        5/22/2026Price change$1,570,000-0.9%$482/sqft
        Source: CRMLS #NDP2602771 Report a problem
        3/24/2026Listed for sale$1,585,000$486/sqft
        Source: CRMLS #NDP2602771 Report a problem
        3/6/2022Listing removed--
        Source: Zillow Rental Manager Report a problem
        3/2/2022Listed for rent$3,495$1/sqft
        Source: Zillow Rental Manager Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,440 +32.3%$149,710 +2%
        2024$1,844 +2.3%$146,776 +2%
        2023$1,802 +2.7%$143,899 +2%
        2022$1,754 +0.7%$141,078 +2%
        2021$1,742 +1.2%$138,313 +1%
        2020$1,721 +4.1%$136,896 +2%
        2019$1,653 +4.5%$134,213 +2%
        2018$1,583 +8.2%$131,582 +2%
        2017$1,463 +1.9%$129,003 +2%
        2016$1,435 +1.6%$126,474 +1.5%
        2015$1,413 +1.6%$124,575 +2%
        2014$1,391 $122,136 +0.5%
        2013-- $121,585 +2%
        2012-- $119,202 +2%
        2011-- $116,866 +0.8%
        2010-- $115,993 -0.2%
        2009-- $116,269 +2%
        2008-- $113,990 +2%
        2007-- $111,756 +2%
        2006-- $109,565 +2%
        2005-- $107,418 +2%
        2004-- $105,313 +1.9%
        2003-- $103,383 +2%
        2002-- $101,356 +2%
        2001-- $99,369
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: University Heights

        Getting around

        92 / 100
        Walker's Paradise
        49 / 100
        Some Transit
        81 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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