4440-44 Illinois, San Diego, CA 92116 – 240014482 - Nicole Assef

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$2,199,000

Est. payment - /mo

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7 BD

3 BA

710 SqFt

Active

4440-44 Illinois San Diego, CA 92116

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Nicole Assef

na@nicoleassefrealtor.com +1(619) 358-3188

UPDATED:

10/24/2024 09:29 PM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 710 sqft

Price per Sqft $3,097

Subdivision North Park

MLS Listing ID 240014482

Bedrooms 7

Full Baths 3

HOA Y/N No

Year Built 1940

Property 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.

Location

State CA

County San Diego

Community North Park

Area Normal Heights (92116)

Building/Complex Name NA

Zoning RM 3-8

Interior

Heating Electric

Cooling Wall/Window

Appliance Wall/Gravity

Exterior

Exterior Feature Stucco

Fence Full

Pool Private

Community Features Laundry Facilities

Complex Features Laundry Facilities

Roof Type Composition

Building

Story 2

Lot Size Range 4000-7499 SF

Level or Stories 2 Story

Others

Acceptable Financing Cal Vet, Cash, Conventional, Exchange, FHA, VA

Space Rent $2,880

Listing Terms Cal Vet, Cash, Conventional, Exchange, FHA, VA

Pets Allowed Allowed w/Restrictions

Listed by Brendan J Flynn • South Coast Commercial, Inc.

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Nicole Assef

Agent | License ID: 2172784

+1(619) 358-3188

4440-44 Illinois San Diego, CA 92116

Nicole Assef

Key Details

Location

Interior

Exterior

Building

Others

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4440-44 Illinois