4440 Illinois
San Diego, CA, 92116
$2,199,000
Beds
0 Baths
SqFt
0 Acres
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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.

Property Details

Price:
$2,199,000
MLS #:
240014482SD
Status:
Active
Baths:
0
Address:
4440 Illinois
Type:
Residential Income
Subdivision:
North Park
Neighborhood:
92116normalheights
City:
San Diego
Listed Date:
Jun 24, 2024
State:
CA
ZIP:
92116
Year Built:
1940
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