$2,200,000

  • COMMERCIAL-RES INCOME
  • ACTIVE
  • MLS# 180039690

Description

Great Residential Income Property. Imperial Beach is in high demand. Complex of 6 units sits at the end of Ivy Lane. Private. Property over 18,000+ ft lot. Strong Unit Mix. Just blocks to the high school, community center, library and just over 1 mile to beach. An investor can add value with a creative touch! Sprucing up and adding low maintenance landscaping, fencing, painting the exterior with warm colors and interior cosmetic improvements. The unit mix consists of (1) 4 Bed/3 bath house w/yard, (1) 3 bed/2.5 bath townhouse w/yard, and (4) 2 bed/1 bath units. Includes 11 garages, 4 storage units, 15 open parking spaces and onsite laundry.

Property Details

Property type:
Commercial-Res Income
Age of Building:
1980
Number of Buildings:
4
Number of Stories:
2
Total Number of Parking Spaces:
26

Location

County:
San Diego

Additional Details

Number of Units:
6
Number of Leased Apartments:
6
Number of Stories:
2
Total Monthly Rent:
$11,160
Price Per Unit:
$367,000
Down Payment:
$35
Gross Equity:
$1,200,000
Existing Finance:
Conventional
SqFt of Improvement:
5,542
Lot Size:
.25 through .50 Acres
Lot Square Footage:
18,096
Assessors Parcel #:
632-122-36-00
Zoning:
R-2000
Tenant Pays Gas:
Yes
Tenant Pays Electric:
Yes
Units with Dishwasher:
6
Units with Disposals:
6
Units with Ranges:
6
Units with Refrigerator:
6
Cooling:
Other
Exterior:
No Landscaping, Part Fenced
Heating Equipment:
Wall
Roof:
Composition, Other/Remarks
Laundry:
Owned
Parking:
Garages, Spaces

Unit Details

Unit 1
Number of Units:
1
Number of Bedrooms:
4
Number of Baths:
3
Rent:
$2,550
Unit Rental Total:
$2,550
Unit 2
Number of Units:
1
Number of Bedrooms:
3
Number of Baths:
2
Rent:
$2,195
Unit Rental Total:
$2,195
Unit 3
Number of Units:
1
Number of Bedrooms:
2
Number of Baths:
1
Rent:
$1,395
Unit Rental Total:
$1,395
Unit 4
Number of Units:
1
Number of Bedrooms:
2
Number of Baths:
1
Rent:
$1,250
Unit Rental Total:
$1,250
Unit 5
Number of Units:
1
Number of Bedrooms:
2
Number of Baths:
1.00
Rent:
$1,200
Unit Rental Total:
$1,200
Unit 6
Number of Units:
1
Number of Bedrooms:
2
Number of Baths:
1.00
Rent:
$1,250
Unit Rental Total:
$2,195

Dimensions

Lot:
91x201

Features

Floor Coverings:
Other/Remarks
Construction Features:
Stucco
Laundry Utilities:
Owned

Listing provided by

Ascent Real Estate, Inc.
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Imperial Beach

The most southwestern city in the entire U.S. mainland, Imperial Beach is a residential seaside community of around 28,000 people with one of the youngest median ages in Southern California. Average household income is just under $58,000. There are more than six miles of beaches, including a dog beach and some of the best surfing in the county according to locals. Imperial Beach hosts the... Read More

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Presented By
Groark
Real Estate

DRE# 00451256,01709714,00451855

619.804.3703

Email Us
Presented By
Groark
Real Estate

DRE# 00451256,01709714,00451855

619.804.3703

Email Us

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