NOT LISTED FOR SALE

1029 12th St Imperial Beach, CA 91932

4 Beds
2 Baths
1,620 Sq Ft
1962 Built

Last Sold July 01, 2020

Last sale price $745,000 $460 Per Sq Ft

103 Days on Market

Highlights

  • Cooling Available
  • Heating System Uses Natural Gas
  • 1-Story Property
  • Partially Fenced Property

About This Home

As of July 2020

Two remodeled classic beach cottages available in Imperial Beach! Each homes offers a 2 bedroom 1 bath with a single car garage (attached). And separate back yards. The remodel was done in 2014 & 2015. Upgrades include; new plumbing, Electrical, flooring, windows, and updated kitchens and bathrooms. Newer appliances including a washer and dryer for each unit. Live in one and rent the other or rent both! Front unit is occupied and rents for $1,900/month. Projected rental income for each is $2,200/month. Neighborhoods: Imperial Beach Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 1029 Unit # for Unit 2: 1031 Number of Furnished Units: 0 Topography: LL

Last Agent to Sell the Property

Mercedes Estrada

Coldwell Banker West License #01229142 Listed on: 02/13/2020

Coldwell Banker West

Co-Listed By

Miguel Estrada

Coldwell Banker West License #02016510

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Home Design

  • Composition Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • 1-Story Property
  • Partially Fenced Property

Listing and Financial Details

  • Tenant pays for water, electricity
  • Assessor Parcel Number 6265001800

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Net Operating Income $43,605

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Listing Details

  • CapRate: 6.00
  • Subdivision Name Other: Imperial Beach
  • View: No
  • Zoning: R-2
  • Property Type: Residential Income
  • Parcel Number: 6265001800
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Appliances: Yes
  • Levels: One

Exterior Features

  • Fence: Yes
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Heating: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Natural Gas
  • Cooling: Yes

Rental Info

  • Tenant Pays: Water, Electricity

Multi Family

  • Gross Scheduled Income: 49200.00
  • Net Operating Income: 43605.00
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2020 07/01/20 Sold $745,000 -6.3% $460 / Sq Ft
05/26/2020 05/26/20 Pending -- -- --
02/13/2020 02/13/20 For Sale $795,000 -- $491 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,398 $806,408 $499,208 $307,200
2024 $10,398 $790,597 $489,420 $301,177
2023 $10,420 $775,096 $479,824 $295,272
2022 $10,207 $759,899 $470,416 $289,483
2021 $9,780 $745,000 $461,193 $283,807
2020 $5,155 $369,008 $228,435 $140,573
2019 $5,112 $361,773 $223,956 $137,817
2018 $4,987 $354,680 $219,565 $135,115
2017 $4,839 $347,726 $215,260 $132,466
2016 $4,786 $340,909 $211,040 $129,869
2015 $4,628 $335,789 $207,870 $127,919
2014 $4,971 $329,213 $203,799 $125,414
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 200012493

California Regional Multiple Listing Service (CRMLS)

APN: 626-500-18-00

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