Listing provided courtesy of Brendan Flynn of South Coast Commercial, Inc.. Last updated 2024-06-26 09:14:10.000000. Listing information © 2024 Sandicor.
Asking Price: $2,199,000
4440-44 Illinois, San Diego CA 92116
Community: North Park
This Res Income 2-4 Units property was built in 1940 and is priced at $2,199,000. Please see the additional details below.
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.
