4440-44 Illinois, Normal Heights, CA 92116

$2,199,000
List Price
$2,199,000
Days on Market
28
Status
ACTIVE
MLS#
240014482
Lot Size(Range)
4,000-7,499 SF
City
Normal Heights
Neighborhood
North Park
Complex/Building Name
Na
Property Type
Multifamily
Year Built
1940

Property Description

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.

Additional Information

Building Name
Na
Lot Size Range
4,000-7,499 SF
Neighborhood
North Park
Pets
Yes
Stories
2 Story
Style
Res Income 2-4 Units
Year Built
1940

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Brendan J Flynn (339-222-3361) from Listing Office: South Coast Commercial, Inc..

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