Property Details
About this Property
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 va
MLS Listing Information
MLS #
SD250037871
MLS Source
San Diego MLS
Days on Site
16
Interior Features
Cooling
Window/Wall Unit
Parking, School, and Other Information
Zoning
RM 3-9
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | 12 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | – | – | 0/0 | – | $17,490 | – |
| 2 | – | – | 0/0 | – | $14,285 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
4449-55 Illinois St is a Residential Income in San Diego, CA 92116. This – square foot property sits on a 7,010 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $5,095,000 and was built in –. This address can also be written as 4449-55 Illinois St, San Diego, CA 92116.
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This listing information is up-to-date as of September 03, 2025. For the most current information, please contact Joey Belcastro, (513) 600-7498
