Hascall Realty, CA DRE #01241413
Rhonda Hascall, Hascall Realty, CA DRE #01241413Phone: (619) 838-9044
Email: [email protected]
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listing
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Residential IncomeFor Sale
$2,199,000
4440 44 Illinois
San Diego, CA 92116
Listed by Brendan Flynn DRE#01933302 [email protected] South Coast Commercial, Inc.
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$11,451/mo

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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Information courtesy of South Coast Commercial, Inc. is subject to verification and is not guaranteed.
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