4440 44 Illinois, San Diego, CA 92116

• Listed Price : $2,199,000
• Beds : N/A
  
• Baths :
  
• Property Size : N/A sqft
  
• Year Built : 1940
  

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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.

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Interior Features

Listing Information

Listing information courtesy of: Brendan Flynn, South Coast Commercial, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 5th, 2024 at 3:36 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.