4449-55 Illinois St, San Diego, CA - Berkshire Hathaway HomeServices California Properties

4449-55 Illinois St, San Diego, CA

$5,100,000 Approx. USD 3 beds, 2 baths
6,913 sqft

Listing Agent


Joey Belcastro
Lic#: 02141573
Broker: Courtesy of Keller Williams Realty

Agent Remarks

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.

Listing Details

Property type: Com-Res Income (Multi-Family)
Status: ACTIVE
MLS# 250031057
Price: $5,100,000
Beds: 3
Baths: 2
6,913 sqft
0.00 acres
County: San Diego
Zoning: Rm 3-9
Parking type: Spaces
Construction: Stucco
Parking description: Spaces
MLS area: Metro Uptown

Last Updated: 7/10/2025

 Days On Market (DOM): 22

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This listing belongs to the Metro Uptown MLS area

Lat/Long: 32.758316, -117.127329.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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