CA > San Diego
San Diego, CA 92116,4449 Illinois St
San Diego, CA 92116,4449 Illinois St
San Diego, CA 92116,4449 Illinois St
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$5,100,000
Est. payment /mo
7,008 Sqft Lot
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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 250031057SD

HOA Y/N No

Lot Size 7,008 Sqft

Property Sub-Type Mixed Use

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 92116 - Normal Heights

Zoning Rm 3-9

Interior

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Roof Type Composition

Total Parking Spaces 6

Others

Tax ID 4461220200

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

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CRMLS – RECore
Listed by Joey Belcastro Keller Williams Realty

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