8-Unit Multifamily with Off-Street
4177 Illinois St San Diego, CA 92104
New
4177 Illinois St, San Diego, CA, 92104
$2,485,000
For Sale
$2,485,000
Eight off-street parking spaces and a mix of 1- and 2-bedroom units support multifamily investment with recent improvements.
Days on Market5
Property Features for 4177 Illinois St
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing Agency
Marcus & Millichap - San Diego
(858) 373-3196
Listed by
Tom McCartin · License #License(s): CA: 01427348
(858) 373-3196
Source
Marcusmillichap
Added: Jul 17 Updated: Jul 18 at 3:29 am Checked: Jul 19 at 1:47 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - San Diego
Investment Insights
Based on property information with market context.
This 8-unit multifamily property offers a unit mix of four 1-bedroom/1-bath units and four 2-bedroom/2-bath units. Recent updates completed by the current ownership include a new roof installed in 2023 and comprehensive landscaping renovations within the past few years.
The expanded on-site laundry room includes the relocation of the hot water tank outside, allowing for the installation of two new commercial-grade laundry machines operated by WASH Services. The property also participates in a RUBS (Ratio Utility Billing System) program on 7 of the 8 units, generating approximately $100 to $150 per unit per month in additional income, with the opportunity to extend the program to the remaining unit.
The property provides eight off-street parking spaces, an important amenity in an urban rental market. The combination of recent capital improvements, laundry revenue, and RUBS utility billing supports ongoing operational efficiency.
The expanded on-site laundry room includes the relocation of the hot water tank outside, allowing for the installation of two new commercial-grade laundry machines operated by WASH Services. The property also participates in a RUBS (Ratio Utility Billing System) program on 7 of the 8 units, generating approximately $100 to $150 per unit per month in additional income, with the opportunity to extend the program to the remaining unit.
The property provides eight off-street parking spaces, an important amenity in an urban rental market. The combination of recent capital improvements, laundry revenue, and RUBS utility billing supports ongoing operational efficiency.
Key Highlights
- 8‑unit multifamily with four 1 bed/1 bath units and four 2 bed/2 bath units
- New roof installed in 2023
- Laundry room expanded with hot water tank relocated outside; includes two new commercial‑grade laundry machines operated by WASH Services
Property Analytics
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FAQs
What type of property is this?
Apartment building - Eight off-street parking spaces and a mix of 1- and 2-bedroom units support multifamily investment with recent improvements.
Where is this apartment building located?
The property is located at 4177 Illinois St San Diego, CA.
What is the asking price?
The asking price for this property is $2,485,000.
What are key features of this property?
This property features: 8‑unit multifamily with four 1 bed/1 bath units and four 2 bed/2 bath units; New roof installed in 2023; Laundry room expanded with hot water tank relocated outside; includes two new commercial‑grade laundry machines operated by WASH Services
