4440-44 Illinois Street

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Address: 4440-44 Illinois St, San Diego, CA 92116, USA
Created date: July 11, 2024
Date last updated: July 12, 2024

Property Description

A developer's dream! Multiple value add opportunities and strong existing income ($9,445 monthly gross income)! This site presents an increasingly rare urban infill opportunity to purchase a 7,018 SF lot, with (3) income-generating residential units in the heart of San Diego's hippest neighborhood, North Park. This property sits within the complete communities area and has a FAR of 6.5. The maximum buildable square feet is 45,617 subject to official approval to allow a complete communities project at this site. Alternatively and due to being fully remodeled, the existing units attract phenomenal renters in the asset's existing condition. The property is gated from the alley and tenants have the option to close the gate on Illinois for additional privacy. It is turfed with pavers throughout and laundry on-site in the back.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: 2-4 Units
Price: $2,199,000
No. of Units: 3
Year Built: 1940
Lot Size: 0.16 Sq ft
Opportunity Zone: No
Price per unit: $733,000
Property Website Click Here
Address: 4440-44 Illinois Street, San Diego, CA 92116, USA
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