4017 Georgia Street | San Diego | CA | 92103Georgia On My Mind - 4017 Georgia St Apartment Consultants Inc. (ACI) is the most successful income property brokerage firm in San Diego

©2018 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Georgia On My Mind - 4017 Georgia St

4017 Georgia Street | San Diego | CA | 92103

http://aciapartments.com/portfolio/4017-georgia-drone/



CONFIDENTIALITY AGREEMENT

All information disseminated in the following marketing package is proprietary of Apartment Consultants Incorporated (here in referred to as ACI) and is

strictly confidential with all materials subject to a signed NDA that must be completed and submitted to the selling broker before proceeding in reading or

disseminating information herein. By proceeding with review of the contents of this marketing package, you (herein referred to as THE READER) agree to

use information solely for the purpose of considering the purchase of the subject property. All other uses of shared information and imagery are strictly

prohibited, and content can only be copied or duplicated with written consent from ACI. By proceeding with review of the contents of this marketing

package, THE READER acknowledges on behalf of itself and any Related Parties that it will seek written permission from ACI before sharing information

regarding the potential transaction or subject property. All other sharing of information is prohibited; provided however, that the material may be

disclosed to Potential Investor Representative (if any), the Potential Investor’s partners, employees, legal counsel, advisors, institutional lenders, and other

capital sources (collectively the “Related Parties”) as reasonably required for an evaluation of the potential sale. THE READER will also seek consent from

ACI before attempting to gain access to any non-public areas of the Subject Property or communicate with Property Management, Lenders, Tenants, or

affiliates, which consent may be withheld at ACI’s sole discretion. THE READER also agrees that disseminating information on behalf of a partnership,

corporation, or LLC, etc. shall do so with the full authority to bind those he/she represents to the terms of the Agreement. All communication regarding

information, negotiation, inquiries, offers, or any other transmissions will be presented through ACI. If you have received this package without receiving

and signing, and sending to the selling broker the standing NDA, you are required to destroy all version of this and related marketing material without

consideration of any information. Refer to “4019 Georgia Street Disclosure Document” for more information, buyer to verify all.

In addition, by proceeding with review of the contents of this marketing package, THE READER understands that the Seller, ACI, and any Seller/ACI

Related Parties are exempt from verifying or proving the accuracy of disseminated or public information regarding the Subject Property. The undersigned

acknowledges that all information presented in disseminated materials was furnished by Seller and has never been independently verified by ACI for its

completeness or accuracy. Parties entering into contract for purchase agree to rely on their own independent verification and due diligence to

determine the accuracy of all information. It is expressly agreed to indemnify and hold harmless ACI and its Agents from all claims and damages for all

decisions to enter into contract based on the accuracy, completeness, or lack thereof, of any and all information. THE READER also understand that All

parties agree that presentation of this marketing package, all materials provided in addition to its submission and all correspondence related to the

material shall be exempt from any obligation to reach an agreement to purchase or execute a contact. If a transaction fails to materialize, THE READER

agrees to promptly return or destroy all related material received from ACI.

THE READER and all parties associated with THE READER acknowledge that all correspondence and action taken to procure the Subject Property of this

transaction listed currently or added at a later date, shall be performed through ACI, with ACI recognized as the agent or sub-agent of the Seller for any

completed purchase transaction during the listing period or within two years thereafter. If THE READER and/or all parties associated with THE READER

interferes in any way with ACI’s contractual right to a fee from the Seller, may result in personal liable for that fee.

Non-Endorsement Notice ACI holds no affiliation with, sponsorship of, or are endorsed by any commercial tenants or lessee identified in this marketing package. The use and

presence of corporate logos, names, or other identifying text is not intended to imply an affiliation with, sponsorship of, or are endorsed by said

corporation of ACI. All reference to these elements are intended only got the purpose of providing tenant lessee information about the listing to potential

customers.



Apartment Consultants Inc. (ACI) is the most successful income property brokerage firm in San Diego County.

Since 1982, we have specialized in apartment and investment property transactions, and maintained a solid performance

despite changing economic cycles. With an average of more than 140 closed escrows per year, ACI has closed more San

Diego County income property escrows than any other firm in the county – that’s more properties than the number two and

number three firms combined. Whether you’re new to apartment investing or an experienced investor looking to upgrade

your portfolio, ACI is the right choice to achieve your long-term investment goals.

Property Overview 4-8

Unit Mix Summary 9-10

Floor Plans 11-19

Rent Survey—1BR/2BR 20-23

Sales Comparables 24

Investment Summary 25

Area Overview 26-31

Contact Page 32

TABLE OF CONTENTS



THE OPPERTUNITY

4017 Georgia Street, affectionately named “Georgia On My Mind” is a 13 unit multifamily asset located in the

North Eastern neighborhood of Hillcrest in the beautiful city of San Diego. Consisting of two buildings with

modern sensibilities, this property has seen a dramatic transformation from a quaint hillside triplex into a

architecturally unique offering with a design perfect for outdoor living. The multi-story rear building boasts

modern conveniences due to recently completed construction in 2017.

Tenants at this property are treated to a breathtaking view of the heart of San Diego while enjoying a dynamic

interior and patio designs as well as convenient on-site amentias. Pride of ownership buildings like these don’t

come along often.

A View from 4017 Georgia Street



PROPERTY HIGHLIGHTS

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MAPS



EXTERIOR PHOTOS



EXTERIOR PHOTOS



EXTERIOR PHOTOS



EXTERIOR PHOTOS



EXTERIOR PHOTOS



INTERIOR PHOTOS



INTERIOR PHOTOS



INTERIOR PHOTOS



INTERIOR PHOTOS



INTERIOR PHOTOS



UNIT MIX SUMMARY



UNIT MIX SUMMARY



FLOOR PLAN



FLOOR PLAN



FLOOR PLAN



FLOOR PLAN



FLOOR PLAN



RENT SURVEY—1 BEDROOM












SALES COMPARISON



EXECUTIVE SUMMARY



AREA OVERVIEW

92103

92104

The subject property is conveniently located near Florida Street, a designated separation zone between the San Diego

neighborhoods of Hillcrest to the west and North Park to the east. This strategic location offers a convenience to tenants, allowing

them immediate access to some of the finest dining, shopping, and recreational experiences in the region. The property also boasts

close proximity to the Balboa Park, known the world over as the home of the San Diego Zoo which recently celebrated its 100 Year

Anniversary. Residents can take advantage of the zoo as well as other local recreational activities in Balboa Park including the Fleet

Science Center, the San Diego Air & Space Museum, and the Old Globe Theater. On-site hiking and walking trails are also ideal for

residents who are focused on healthy living.



AREA OVERVIEW - HILLCREST

Known by locals for its warm, welcoming spirit and energized community, Hillcrest is a prime example of San Diego living. With a main

street district lined with 1950’s style storefronts colorful awnings, one-of-a-kind boutiques, salons, and great restaurants, the

neighborhood has become renowned for offering many unique experiences. The area also plays host to the largest farmer’s market

in San Diego offering the perfect space to buy and sell local produce and crafts. The historic neon sign located in the neighborhood’s

“village” along University Avenue welcomes visitors to even more vintage clothing and book stores, as well as the Landmark Cinema

multiplex knowns for showcasing independent and foreign films.



AREA OVERVIEW - NORTH PARK

Densely populated with over 11,000 residents per square mile, the San Diego neighborhood of North Park is a vibrant, lively community

recently voted one of the best hipster communities in the nation. North Park has gained notoriety for a plethora of breweries and pubs

near the intersection of University Avenue and 30th Street, which many claim to be the “best beer neighborhood in the nation”. In

addition to great area shopping and dining, visitors are welcome to explore a number of unique entertainment venues including art

galleries and live performances along Ray Street, as well as the historic Observatory North Park in the business district.



SAN DIEGO OVERVIEW

Sources: US Census; SANDAG

SAN DIEGO COUNTY ECONOMIC HIGHLIGHTS

Stretching over 4526 square miles and with a population of over 3.29 million (estimated to reach 4 million by

the year 2020), San Diego County has the distinction of being the second most populated California County

surpassed only by Los Angeles.

By being within a short drive of beachfront views, rugged hills and mountains, or low dry deserts, the region

offers a wide variety of terrain to explore and inhabit. This diversity also extends to a population who bring their

cultural and personal flair to America's Finest City.

Population Distribution Income Distribution Household Type

Central San Diego

43.0%

East San Diego

7.52%

Unincorporated Area

15.5% North San Diego

23.2%

South San Diego

10.7% $100K-$149.9K

24.2%

<$15K-$29.9K

14.6% $150K>

23.2%

$30K-$59.9K

15.7%

$60K-$99.9K

22.3%

Single Family Detached

45.2%

Mobile Homes

3.3% Single Family Multiple

12.7%

Multiple Family

34.1%



SAN DIEGO OVERVIEW

SAN DIEGO COUNTY INDUSTRY HIGHLIGHTS

Seen by many as a must see tourist destination due in part to its Mediterranean

climate, seasonal special events, and cultural touchstones, San Diego offers a wide

variety of educational and job opportunities. Currently maintaining 5.6% total

unemployment, and with a population of 35.1% holding a bachelor’s degree or

higher, San Diego is able to offer a wide range of job options.

From career opportunities in biotechnology, telecommunications, or

manufacturing, to a long-standing relationship with the US Navy, San Diego has

solidified itself as a hub for innovation and long term vision. This drive for betterment

has helped the region to expand its transportation Infrastructure and continue to

offer improvement and recreation for residents and visitors alike.

Transport, Utilities, & Warehouse

2.28% Construction

4.76%

Financial Activities

5.29%

Manufacturing

7.02%

Trade (Wholesale/Retail)

14.62%

Government

17.87%

Services

48.13%

Key San Diego Industries

The Department of Defense & U.S. Navy

A prominent presence in the Port of San Diego the defense industry

accounts for nearly 22% of regional jobs for both service members and

civilians alike.

City and County Government

Accounting for over 40,000 jobs in the region. Employees serve the

community by offering some of the award-winning efficiency and

innovation in the country.

Technological Innovation

Known as the de-facto home base of Qualcomm Inc. and the home

of many biotech innovations, San Diego is constantly striving to move

technology forward.

Health Care & Research

Developing ways to heal or care for people more effectively is the

mission of all the 34,000+ healthcare jobs available throughout San

Diego County.

Unified & Higher Education

San Diego prides itself on the reputation it has gained in its

educational programs. From the various county unified school districts,

to programs at SDSU and UCSD. Sources: US Census; EDC; SANDAG; Alphabet,

Lisa Halverstandt - VoiceofSanDiego

SDSU

34,254

UCSD

33,735

USD

8251

National University

17,608

City College

18,549

Mesa College

25,972

Point Loma Nazarene University

3480

San Diego Job Opportunities - Type Breakdown

San Diego Area Colleges - Total Students



SAN DIEGO OVERVIEW

SAN DIEGO COUNTY INFRASTRUCTURE HIGHLIGHTS

San Diego Water Port

Railroads • AMTRAK (e.g. Pacific Surfliner)

• The Coaster

• Metrolink

• San Diego/Arizona Eastern Railway

• San Diego/Imperial Valley Railroad

Local and Light Rail • North County Transit District

• San Diego Metropolitan Transit System

• San Diego Trolley

• Sprinter

At the heart of San Diego’s economy is a dynamic network of hubs for both local

and commuter travel. Drivers can utilize Interstate 5, 15, and 805 in the north-

south direction and the Interstate 8 in the east-west direction connects the

county to Los Angles and Yuma. Locals and visitors take full advantage of an

extensive rail system including the AMTRAK Surfliner, Metrolink, The Coaster, and

Sprinter for inter-city travel. The San Diego Trolley system can also be utilized for

travel to specific locations including the San Diego Convention Center,

Qualcomm Stadium, and Petco Park.

San Diego County also offers eight local and international airports allowing for

international travelers to take advantage of tourist destinations in America’s

Finest City. A particularly visited location for the area is the Port of San Diego

conveniently located along San Diego Bay. Visitors can enjoy access to the

Embarcadero with a number of unique food and recreational offerings. The Port

of San Diego also acts as the economic heart for the region, offering industry

opportunity for maritime, international, and local jobs and products.

San Diego Airports

International Airports • Lindbergh Field (San Diego International Airport)

Local Airports • Gillespie Field - El Cajon

• Montgomery-Gibbs Field - San Diego

• McClellan-Palomar Airport - Carlsbad

• Agua Caliente Airport

• Borrego Valley Airport

• Fallbrook Airport

• Oceanside Municipal Airport

San Diego Rail System

• Port of San Diego

Sources: EDC; SANDAG; sandiegocounty.gov



Apartment Consultants Inc. (ACI) is the most successful income property brokerage firm in San Diego County. Since 1982, we

have specialized in apartment and investment property transactions, and maintained a solid performance despite changing

economic cycles. With an average of more than 140 closed escrows per year, ACI has closed more San Diego County

income property escrows than any other firm in the county – that’s more properties than the number two and number three firms

combined. Whether you’re new to apartment investing or an experienced investor looking to upgrade your portfolio, ACI is the

right choice to achieve your long-term investment goals.

https://vimeo.com/232016262

http://aciapartments.com/portfolio/4017-georgia-drone/

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4017 Georgia Street | San Diego | CA | 92103Georgia On My Mind - 4017 Georgia St Apartment Consultants Inc. (ACI) is the most successful income property brokerage firm in San Diego