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Commercial Property — 4177 Illinois St, San Diego, CA

$2,485,000

4177 Illinois St, San Diego, CA

$2,485,000 — 4177 Illinois St, San Diego, CA — photo 1 $2,485,000 — 4177 Illinois St, San Diego, CA — photo 2 $2,485,000 — 4177 Illinois St, San Diego, CA — photo 3 $2,485,000 — 4177 Illinois St, San Diego, CA — photo 4 $2,485,000 — 4177 Illinois St, San Diego, CA — photo 5
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About this property

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.

Property details

Property type
CommercialSale

Location

4177 Illinois St • San Diego, CA 92104

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Listed by

Thomas McCartin · Marcus & Millichap

Listing courtesy of Marcus & Millichap. Information deemed reliable but not guaranteed.

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