4440-44 Illinois Street

San Diego, CA 92116

$2,199,000
Price
7
Beds
3
Baths
2,770 Sq. Ft.
$794 / Sq. Ft.
2,770
Sq. Ft.
$794
per Sq. Ft.

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...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.
  1. Listed by Brendan J Flynn • DRE #01933302 • Brokerage DRE #01846358 • South Coast Commercial, Inc.

Property Details for 4440-44 Illinois Street

Area
92116 - Normal Heights
Neighborhood
North Park
Community
NORTH PARK
City Postal ID
NORMAL HEIGHTS (92116)
Cross Street(s)
Meade
LISTING UPDATED: 10/24/2024 02:29 PM

Property Details for 4440-44 Illinois Street

StatusActive
MLS #240014482
Days on Market180
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1940
Lot Size-
CountySan Diego County

Building Information for 4440-44 Illinois Street

Stories2Residences-Year Built1940Building Size-Lot Size-

Property Information for 4440-44 Illinois Street

Summary Information
Property and Location
  • System ID: 240014482
  • Class: 2-4 UNITS
  • Levels: 2 Story
  • Year Built: 1940
  • Street Number Numeric: 4440
  • Street Name: Illinois
  • Complex Features: Laundry Facilities
  • Age Restrictions: N/K
  • Market Area: Metro Uptown
  • Jurisdiction: Incorporated
HOA and Fees
  • Monthly Total Fees: $0
  • CFD/Mello-Roos Fee: $0
  • Other Fees: $0
Interior and Exterior Features
Interior Features
  • Num of Units w/Dishwashers: 3
  • Num of Units w/Cooling: 0
  • Cooling: Wall/Window Unit(s)
  • Heat Equipment: Wall/Gravity
  • Heat Source: Electric
Exterior Features
  • Exterior: Stucco
  • Roof: Composition
  • Fencing: Full
  • Security: N/K
  • Pool: Private
Property Information
Property and Assessments
  • Total Stories: 2
  • Pets: Allowed w/Restrictions
  • Entry Only: No
  • Lot Size: 4,000-7,499 SF
  • Lot Size Source: City/County Records
  • Topography: Level
  • Zoning: RM 3-8
  • Complex/Park: NA
  • Assessors Parcel Num: 446-121-19-00
Utilities
  • Water District: CITY OF SAN DIEGO
  • Water District URL: www.ci.san-diego.ca.us/water
  • Irrigation: Automatic
Multi Family Information
Unit 1
  • Unit Num for Unit 1: 4440
  • Unit 1 Num of Bedrooms: 2
  • Unit 1 Num of Total Baths: 1
  • Unit 1 Deposit: $2,880
  • Unit 1 Estimated SqFt: 710
  • Unit 1 Exclusive Use Yard: Yes
  • Unit 1 Laundry Hook Ups: Common
  • Unit 1 Occupied: Tenant
  • Unit 1 Projected Rent: $3,000
  • Unit 1 Rent Actual: $2,880
Unit 2
  • Unit Num for Unit 2: 4442
  • Unit 2 Num of Bedrooms: 2
  • Unit 2 Num of Total Baths: 1
  • Unit 2 Deposit: $2,690
  • Unit 2 Estimated SqFt: 710
  • Unit 2 Exclusive Use Yard: Yes
  • Unit 2 Laundry Hook Ups: Common
  • Unit 2 Occupied: Tenant
  • Unit 2 Projected Rent: $3,000
  • Unit 2 Rent Actual: $2,690
Unit 3
  • Unit Num for Unit 3: 4444
  • Unit 3 Num of Bedrooms: 3
  • Unit 3 Num of Total Baths: 1
  • Unit 3 Deposit: $3,875
  • Unit 3 Estimated SqFt: 1,350
  • Unit 3 Exclusive Use Yard: Yes
  • Unit 3 Laundry Hook Ups: Common
  • Unit 3 Occupied: Tenant
  • Unit 3 Projected Rent: $4,000
  • Unit 3 Rent Actual: $3,875
Unit 4
  • Unit 4 Num of Total Baths: 0
Building Details
  • Heating: Electric

Property History for 4440-44 Illinois Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 4440-44 Illinois Street

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 1 to 12
Charter - K to 8
Rating
School
Distance
Garfield Elementary School
PublicK to 5

Roosevelt International Middle School
Public6 to 8

Alba School
Public1 to 12

San Diego Global Vision Academy
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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4440-44 Illinois Street is a multi-family home for sale in San Diego, CA 92116. This property was listed for sale on June 24, 2024 by South Coast Commercial, Inc., it's currently listed at $2,199,000. This listing's school district is San Diego Unified School District. Nearby schools include Garfield Elementary School, Roosevelt International Middle School and Alba School. 4440-44 Illinois Street is a 7-bed, 3-bath, 2,770 sqft multi-family home built in 1940.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of South Coast Commercial, Inc., Brendan J Flynn, DRE #01933302

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