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Property Description

A developers 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.

Features
: Private
: electric
: Wall/window Unit(s)
2
0
Additional Information
South Coast Commercial, Inc.
0
SAND-663559
SAND-69464
Brendan
4461211900
Two
32

Multi-Family For Sale

4440 Illinois, San Diego, California 92116

$2,199,000
Listing ID #240014482SD
Basic Details
Status : Active
DaysOnMarket : 2
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 240014482SD
Price : $2,199,000
Year Built : 1940
Country : US
State : California
County : San Diego
City : San Diego
Zipcode : 92116
Subdivision : North Park
ModificationTimestamp : 2024-06-25 09:38:16
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