4454-60 Illinois Street
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
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