4449-55 Illinois St, San Diego, CA 92116 - MLS#250031057

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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$5,100,000

Est. payment - /mo

3 Beds

2 Baths

6,913 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 6,913 sqft

Price per Sqft $737

MLS Listing ID 250031057

Bedrooms 3

Property Sub-Type Com-Res Income

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 Metro Uptown

Zoning Rm 3-9

Interior

Cooling Wall/Window

Flooring Vinyl

Fireplace No

Laundry Owned

Exterior

Parking Features Spaces

View Y/N No

Roof Type Composition

Building

Story 2

Others

Tax ID 446-122-02-00

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Listed by Joey Belcastro Keller Williams Realty

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Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

4449-55 Illinois St San Diego, CA 92116

Arash Rokni

Key Details

Location

Interior

Exterior

Building

Others

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