4449 Illinois St

San Diego , CA 92116

MLS#: 250031057SD

$5,100,000

Status: Active
Listing number: 250031057SD
Listing provided by: Keller Williams Realty
Listing agent phone: None
Last update: 8 days ago
On site: a month ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

None

Sq.Footage

N/A

Price per SqFt

N/A

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.

Features & Amenities

Interior

  • Cooling YN

    Yes

  • Cooling

    N/A

  • Heating YN

    Yes

  • Heating

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Stucco

  • Patio and Porch Features

    N/A

  • Pool Features

    N/A

  • View

    N/A

Area & Lot

  • Lot Size(acres)

    0.1609

  • Property Type

    Commercial Sale

  • Property Sub Type

    Mixed Use

Financial

  • Sales Price

    $5,100,000

Property Features

  • Accessibility Features

    N/A

  • Association Amenities

    N/A

  • Foundation Details

    N/A

  • Sewer

    N/A

  • Water Source

    N/A

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Listing Courtesy of Joey Belcastro , Keller Williams Realty

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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.

4449 Illinois St

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