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Boutique Five-Unit Apartment Building
For Sale
$1,600,000

4454 Illinois Street, San Diego, CA 92116

Five-unit multifamily property with four one-bedroom units and one two-bedroom unit, offered in a walkable 92116 area.

Property SizeContact for details
Days on Market102

Property Features for 4454 Illinois Street

General Information

Standard status Active
Property subtype Mixed Use

Amenities

3
Listing Agency: Marcus & Millichap
Listed By: Austin Huffman · License #01981817
Source: Xome
Added: May 31 Changed: Sep 1 Last Checked: Sep 8 at 3:36AM

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

Investment Insights

Based on property information with market context.

4454–60 Illinois Street presents a boutique multifamily building comprising five apartment homes. The mix includes four one-bedroom, one-bath residences averaging 585 square feet and one two-bedroom, two-bath residence of approximately 1,300 square feet. The property offers straightforward, functional floorplans designed for day-to-day livability within a small community setting.

The building is located in San Diego’s 92116 zip code and has a Walk Score of 84, indicating strong walkability to neighborhood dining, retail, parks, and daily conveniences.

As a compact, five-home asset, the property provides a blend of one-bedroom and two-bedroom layouts under one ownership, supporting a diversified unit mix within the same building.

Key Highlights

  • Five‑unit multifamily at 4454–60 Illinois Street in San Diego’s 92116 (North Park) area
  • Unit mix: four 1BD/1BA units and one 2BD/2BA unit
  • 1BD/1BA units average 585 SF; 2BD/2BA unit measures approximately 1,300 SF

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Carpet & Flooring Store Parking Lot & Garage Tanning Salon Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,984
Businesses Nearby

Demographics for 92116, CA

31,523
Population
17,827
Households
1.8
Avg Household Size
37
Median Age
58%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
9,271
Density / Sq Mi
$95,775
Median Household Income
$63,420
Median Earnings
$1,903
Median Rent
$898,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Five-unit multifamily property with four one-bedroom units and one two-bedroom unit, offered in a walkable 92116 area.
Where is this apartment building located?
The property is located at 4454 Illinois Street San Diego, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Five‑unit multifamily at 4454–60 Illinois Street in San Diego’s 92116 (North Park) area; Unit mix: four 1BD/1BA units and one 2BD/2BA unit; 1BD/1BA units average 585 SF; 2BD/2BA unit measures approximately 1,300 SF
More about this property
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