4449-55 Illinois St, San Diego, CA 92116

REQUEST A TOUR

Sat

Jul

Sun

Jul

Mon

Jul

Kobe Zimmerman

kobezimmerman@bhhscal.com +1(858) 753-3353

$5,100,000

Est. payment - /mo

3 Beds

2 Baths

6,913 SqFt

Save Virtual Tour

UPDATED:

Key Details

Property Type Single Family Home

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

Fireplace No

Laundry Owned

Exterior

Parking Features Spaces

View Y/N No

Roof Type Composition

Building

Story 2

Others

Tax ID 446-122-02-00

Virtual Tour https://www.propertypanorama.com/instaview/snd/250031057

Read Less Info

Listed by Joey Belcastro Keller Williams Realty

MORTGAGE CALCULATOR

The rate, insurance and terms in the calculator are placeholders and should be adjusted to reflect current market and legislative changes.

Payment

Schedule

Your mortgage payments over 30 years will add up to $0.

Get Pre-Approved

in Minutes!

By checking this box, I agree by electronic signature to (1) the Electronic Disclosure Consent; (2) receive recurring marketing communication from or on behalf of #seller_variable# (consent not required to make a purchase; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for help); and (3) the Terms of Service and Privacy Policy of this website.

4449-55 Illinois St San Diego, CA 92116