4449-55 Illinois St, San Diego, CA 92116

Local realty services provided by:ERA North Orange County Real Estate
4449-55 Illinois St,San Diego, CA 92116
$5,095,000
Virtual Tour
  • 3 Beds
  • 2 Baths
  • 6,913 sq. ft.
  • Multi-family
  • Active
Listed by: joey belcastro
Office: landmark multifamily and devel
MLS#:250037871
Source:San Diego MLS via CRMLS

Price summary

  • Price:$5,095,000
  • Price per sq. ft.:$737.02

About this home

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

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Home facts

  • Listing ID #:250037871
  • Added:75 day(s) ago
  • Updated:November 17, 2025 at 03:12 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Living area:6,913 sq. ft.

Heating and cooling

  • Cooling:Wall/Window

Structure and exterior

  • Building area:6,913 sq. ft.

Finances and disclosures

  • Price:$5,095,000
  • Price per sq. ft.:$737.02
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