www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33549301
33531490

4454-60 Illinois Street, San Diego, CA 92116

AH
CA CA 01981817
Marcus & Millichap - San Diego
LS
CA 02217656
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego
$1,600,000
11 days on market
Updated 11 days ago

4454-60 Illinois Street

Details
Property Type Retail, Multifamily
Sub Type Apartment Building
Square Footage 6,969
Net Rentable (SqFt) 3,640
Cap Rate 3.75%
NOI $59,957
Price per SqFt $440
Year Built 1942
Buildings 2
Acreage 0.160
Ground Lease No

About This Property

Marketing description

We are pleased to present 4454–60 Illinois Street, a boutique multifamily offering ideally positioned in the heart of North Park, one of San Diego’s most vibrant and supply‑constrained urban rental markets. Located within the highly walkable 92116 zip code, the property boasts a Walk Score of 84, providing residents with immediate access to neighborhood dining, retail, parks and daily conveniences - a lifestyle feature that continues to drive strong tenant demand.

The property is comprised of five well‑designed apartment homes, featuring four one‑bedroom/one‑bathroom residences averaging 585 square feet and one expansive two‑bedroom/two‑bathroom residence measuring approximately 1,300 square feet. These efficient and functional floorplans cater to a wide range of renters seeking comfort, usability, and proximity to San Diego’s most desirable central neighborhoods.

Situated within a high‑demand rental corridor known for its walkability, charm, and limited multifamily inventory, 4454–60 Illinois Street benefits from consistent occupancy and long‑term renter appeal. With its central location, neighborhood amenities, and strong connectivity to the greater San Diego region, the property represents a compelling opportunity for stable, durable rental performance.

Investment highlights

  • Prime North Park location within the highly walkable 92116 zip code, offering strong and steady rental demand
  • Boutique five‑unit multifamily asset featuring four 1BD/1BA units (avg. 585 SF) and one large 2BD/2BA unit (approx. 1,300 SF)
  • Abundant off-street parking for tenants with two (2) double-car garages
  • Highly walkable neighborhood providing residents convenient access to dining, retail, parks, and everyday amenities
  • Value-add opportunity with potential garage-to-ADU conversions, creating future upside through additional units and increased cash flow

Listing Contacts

AH
CA CA 01981817
Marcus & Millichap - San Diego
LS
CA 02217656
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$59,957.00
$4,996.42/mo

Valuation Metrics

0
DSCR
3.75%
Cap Rate
3.75%
ROI

Map

Zoning

Intelligence Badge
RM-3-9 ResidentialMulti FamilyResidential Multiple Unit
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 190 uses
View all 190 uses
Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Austin Ray Huffman
License
CA 01981817
Name
Liam Sylvia
License
02217656
Brokerage
Marcus & Millichap
Title
Associate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591