4449-55 Illinois St, San Diego, CA 92116

Local realty services provided by:Better Homes and Gardens Real Estate Clarity
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

Contact an agent

contact an agent

Yes, I would like more information from BHGRE®. Please use and/or share my information with an BHGRE affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an BHGRE affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Listing ID #:250037871
  • Added:59 day(s) ago
  • Updated:November 01, 2025 at 02:09 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
MLS LogoThis 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 MLS®. 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 © 2020 San Diego MLS®, Inc.

New listings near 4449-55 Illinois St