4177 Illinois St, North Park, CA 92104
- $2,485,000
- 12
- BD
- 12
- BA
- 5,590
- SqFt
- List Price
- $2,485,000
- Days on Market
- 7
- Status
- ACTIVE
- MLS#
- 260017952
- Bedrooms
- 12
- Bathrooms
- 12
- Living Sq. Ft
- 5,590
- City
- North Park
- Property Type
- Multifamily
Property Description
4177 Illinois Street, an 8-unit multifamily property located in the heart of North Park, one of San Diego's most desirable rental markets. The property features a balanced unit mix of four 1-bedroom/1-bathroom units and four 2-bedroom/2-bathroom units, along with eight off-street parking spaces. Recent capital improvements include a new roof installed in 2023, upgraded landscaping, and an expanded on-site laundry facility with new commercial-grade WASH-operated machines. The property also benefits from a RUBS program implemented on 7 of the 8 units, generating additional income with the opportunity for further expansion. With strong in-place cash flow, supplemental income sources, and a highly sought-after North Park location, 4177 Illinois Street presents investors with an attractive combination of stability and long-term upside potential.
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Additional Information
- Living Area
- 5,590
- Stories
- 2
- Parking Spaces
- 8
Mortgage Calculator
Listing courtesy of Listing Agent: Thomas McCartin (858-373-3196) from Listing Office: Marcus & Millichap.
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