4449-55 Illinois St Active Save Request In-Person Tour Request Virtual Tour
San Diego,CA 92116
Key Details
Property Type Single Family Home, Condo
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 6,913 sqft
Price per Sqft $737
MLS Listing ID 250031057
Bedrooms 3
Property Sub-Type Com-Res Income
Property Description
Fully Renovated 12-Unit Investment Property in Prime North Park/University Heights Location. This stabilized 12-unit asset offers the ideal unit mix of six 2BR/1BA and six 1BR/1BA units, with 6 off-street parking spaces and ample street parking via Boundary Street. The property includes 8 extensively remodeled existing units and 4 fully permitted ADUs—all featuring modern finishes, in-unit laundry, and mini-split A/C & heating. Interiors showcase updated kitchens, baths, flooring, lighting, windows, and appliances. Major system upgrades include sewer lateral replacement with new ABS plumbing, a new water main from meter to street, full re-plumbing of the rear building, and a comprehensive electrical overhaul with new panels and SDGE-compliant wiring. Exterior enhancements include new roofs, new siding and overhang, fresh paint, updated fencing, landscaping, and more. Offering a true 5% cap rate, this property is a rare opportunity to acquire a fully modernized, low-maintenance asset that will hold long-term value due to its exceptional location in one of San Diego's most sought-after neighborhoods.
Location
State CA
County San Diego
Area Metro Uptown
Zoning Rm 3-9
Interior
Cooling Wall/Window
Flooring Vinyl
Laundry Owned
Exterior
Parking Features Spaces
View Y/N No
Roof Type Composition
Building
Story 2