4440 Illinois
San Diego, CA 92116
#240014482SD
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.
Property Details
- Property SubtypeResidentialIncome
- Property TypeMulti-Family
- MLS #240014482SD
- MLS #240014482SD
- SubdivisionNorth Park
- Original List Price$2,199,000
- CountySan Diego
- Cost2199000
- Year Built1940
- Stories2
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Brendan Flynn (#SAND-663559)
Listing Office: South Coast Commercial, Inc. (#SAND-69464)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
