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4017-4023 Illinois St
San Diego, CA 92104 Park East

$2,225,000 USD

Apartments For Sale  •  3,231 SF

Property Details

  • Property Type Apartments
  • Total Building Size 3,231 SF
  • Lot Size 0.16 AC
  • Building Class C
  • Year Built 1930
  • Cap Rate 3.00 %
  • Zoning RM-3-7, San Diego
55 Transit Score
97 Walk Score

Highlights

A Walker's Paradise with a Walkability Score of 98
A Very Bikeable Community with a 71 Bike Score.
Minutes away from San Diego's finest beaches, Universities, Restaurants and Retail Stores.
Excellent Opportunity for the discerning Investor/Developer to take advantage of San Diego's many building growth programs.
One of the Top Rental Markets in all of San Diego County.
With a Transit Score of 55, there are multiple bus line stops within .2 miles.

Financial Summary (Proforma)

Net Operating Income: $64,371 USD (2024)
Cap Rate: 3.00 %
Total Expenses: $47,049 USD

Amenities

  • Laundry Facilities
  • Kitchen
  • Yard
  • Storage Space

Public Transportation

Commuter RailDriveWalkDistance
San Diego (Santa Fe Depot) (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze)) 11 min - 5.2 mi
Old Town Transit Center (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze)) 12 min - 5.6 mi
AirportDriveWalkDistance
San Diego International 12 min - 6.1 mi
McClellan-Palomar 43 min - 31.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 2
Type: Surface
Included in Rent: Yes
Michael Merica 760-801-4416 Merlin Properties
Michael Merica 760-801-4416 Merlin Properties