4010 Illinois St
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4010 Illinois St

D

San Diego, CA 92104

$2,000,000

Soft Appraisal Value: $2,064,300 · 3.1% below estimate

Beds

Baths

Sqft

3,590

Year Built

1945

Days on Market

74

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

PTP2601668

This property is in San Diego (92104). View neighborhood stats →

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About This Property

Six-unit multifamily consisting of four (4) one-bedroom/one-bath units, one (1) larger one-bedroom/one-bath unit with a private balcony, and one (1) detached three-bedroom/one-bath house at the front of the property. Recent improvements include dual-pane windows, partial ABS sewer line upgrades, new electrical subpanels, and balconies that have passed SB-721 inspection requirements. Additional features include two single-car garages, two carport spaces, three storage closets, and an approximately 200 square foot storage shed, offering potential additional storage and parking options. PLEASE DO NOT DISTRUB TENANTS!

Mortgage Calculator

Est. Monthly Payment

$12,696

Principal & Interest$10,113
Property Tax$2,000
Insurance$583
%($400,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$4,463
Monthly Cashflow

Rent − PITIA

$-8,233
Full Cashflow

Incl. vacancy, PM, maint, capex

$-10,926

Mortgage (P+I)
$10,113
Cap Rate
-0.49%
Cash-on-Cash
-32.78%
DSCR

Need ≥ 1.25 for DSCR loan

0.35
Break-even Rent
$18,653

NOI (Annual)
$-9,758
Price-to-Rent

Lower = better for investors

37.3

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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