San Diego, CA 92103 3707-09 Georgia St

Only two blocks to Balboa Park with favorable RM-3-7 zoning, allowing one unit per 1K sqft! This Classic Spanish Style North Park duplex is what you have been looking for as a solid long-term investment. The property consists of 2 bed / 1 bathroom spacious 910 sqft units. Both units have natural hardwood floors, plenty of light, detached garages, fireplace in upstairs unit, & great long term and STR rental histories. The upper unit is month-to-month for buyer owner occupancy if desired. The lower unit is tenant occupied and the upper unit has a MTM short term renter, making this investment a great opportunity for an owner-occupied buyer that wants to live in one unit and rent the other or an investor that wants to lease the top unit at market rates. Because of the property’s prime location, it would also make for a great AirBnB due to the proximity to Balboa Park, Downtown San Diego, and our local beaches. With RM-3-7 zoning, allowing 1 unit per 1,000 sqft on this 3,001 sqft lot, there might be the potential to build more. Currently there are two units with the potential zoning to possibly build one additional unit. There is also a two-car garage with electric and plumbing already going to it. Buyer and buyer’s agent to verify any and all development opportunity and the ability to add a 3rd unit. 3709 is the upper unit and 3707 is the lower unit. Because 3709 is the upper unit with superior views it demands a higher rental rate.