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$ 2,485,000
Est. payment | /mo
$ 2,485,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 260017952SD
HOA Y/N No
Property Sub-Type Mixed Use
Property Description
4177 Illinois Street, an 8-unit multifamily property located in the heart of North Park, one of San Diego's most desirable rental markets. The property features a balanced unit mix of four 1-bedroom/1-bathroom units and four 2-bedroom/2-bathroom units, along with eight off-street parking spaces. Recent capital improvements include a new roof installed in 2023, upgraded landscaping, and an expanded on-site laundry facility with new commercial-grade WASH-operated machines. The property also benefits from a RUBS program implemented on 7 of the 8 units, generating additional income with the opportunity for further expansion. With strong in-place cash flow, supplemental income sources, and a highly sought-after North Park location, 4177 Illinois Street presents investors with an attractive combination of stability and long-term upside potential.
Location
State CA
County San Diego
Area 92104 - North Park
Interior
Fireplace No
Exterior
Total Parking Spaces 8
Others
Tax ID 4463220400
Virtual Tour https://www.propertypanorama.com/instaview/snd/260017952
Listed by Thomas McCartin Marcus & Millichap #01427348
NEARBY SCHOOL & BUSINESS
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