4449-55 Illinois St
San Diego
92116
$5,095,000
Residential Income
beds: 3
baths: 2.0
6,913 sq. ft.
built: 0
- Status:
- Active
- Prop. Type:
- Residential Income
- MLS® Num:
- 250037871
- Bedrooms:
- 3
- Bathrooms:
- 2
- Photos (67)
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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.
- Property Sub Type:
- Com-Res Income
- Number of Buildings:
- 2
- County Or Parish:
- San Diego
- Market Area:
- Metro Uptown
- Total Building Area:
- 6,913 sq. ft.
- Total Floor Area:
- 6,913 sq. ft.
- Total Bedrooms:
- 3
- Bathrooms:
- 2
- Half Bathrooms:
- 0
- Num Stories:
- 2
- Year Built:
- 0
- Age (in years):
- 2,025 year(s)
- Cap Rate.:
- 5.0
- Gross scheduled income:
- 366048.0
- Projected gross operating income:
- 402647
- Projected net Income:
- 288339
- Operating expense:
- 110339.0
- Number of Units:
- 12
- Number of Units in Unit 1:
- 6
- Number of Units in Unit 2:
- 6
- Total Rent for Unit 1:
- $17,490
- Total Rent for Unit 2:
- $14,285
- Special Listing Conditions:
- N/K
- Construction Material:
- Stucco
- Lot Size:
- 0 sq. ft.
- Parcel Number:
- 446-122-02-00
- Total Parking Spaces:
- 9
- Cooling:
- Wall/Window
- Zoning:
- RM 3-9
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Listed by Keller Williams Realty
Data was last updated September 3, 2025 at 03:10 PM (UTC)
Area Statistics
- Listings on market:
- 118
- Avg list price:
- $1,915,000
- Min list price:
- $850,000
- Max list price:
- $18,000,000
- Avg days on market:
- 59
- Min days on market:
- 1
- Max days on market:
- 1,850
These statistics are generated based on the current listing's property type
and located in
Metro Uptown. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- NELDA PATTERSON
- TXR HOMES
- 1 (619) 3893916
- Contact by Email
This information is deemed reliable but not guaranteed.
You should rely on this information only to decide whether or not to further investigate a particular property.
BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional.
You may use this information only to identify properties you may be interested in investigating further.
All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited.
Redistribution or copying of this information, any photographs or video tours is strictly prohibited.
This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc.
Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display.
The information and any photographs and video tours and the compilation from which they are derived is protected by copyright.
Compilation © 2025 San Diego Multiple Listing Service, Inc.
TXR Homes Inc.
Office Address:
3211 Keats St.
San Diego, CA, 92106
This information is deemed reliable but not guaranteed.
You should rely on this information only to decide whether or not to further investigate a particular property.
BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional.
You may use this information only to identify properties you may be interested in investigating further.
All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited.
Redistribution or copying of this information, any photographs or video tours is strictly prohibited.
This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc.
Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display.
The information and any photographs and video tours and the compilation from which they are derived is protected by copyright.
Compilation © 2025 San Diego Multiple Listing Service, Inc.