4177 Illinois St, North Park, CA 92104
- $2,485,000
- List Price
- $2,485,000
- Status
- ACTIVE
- MLS#
- 260017952SD
- Days on Market
- 7
- Property Type
- Commercial
- Property Sub Type
- Mixed Use
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.
/u.realgeeks.media/seannbrownhomes1/BrandLogo.jpg)
Additional Information
- Cooling
- Yes
- Attached Structure
- Detached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $179,868
- Operating Expense
- 68293
Listing courtesy of Listing Agent: Thomas McCartin (tmccartin@marcusmillichap.com) from Listing Office: Marcus & Millichap.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.