Seller's Agent in 2021
Carson Trujillo
Whitewater CRE Inc
(858) 373-3285
2 in this area
36 Total Sales
1036 Fern Ave Imperial Beach, CA 91932
12
Beds
12
Baths
6,316
Sq Ft
10,019
Sq Ft Lot
About This Home
As of June 2021Pleased to present for sale a newly constructed 4 townhome complex in Imperial Beach, CA. Constructed in 2018, the property rests on an 11,065 SF lot and offers 6,316 of rentable SF. 1036-1042 Fern Ave has a completed condo map, each unit with its own APN and separate utility meters. Each townhome is comprised of spacious 3-Bedroom/2.5-Bathroom floor plans. These townhomes feature master en-suite bathrooms, fenced-in private patios (front unit also has large fenced yard), and attached double car finished garages. Own 100% of the complex with full control and no HOA compliance. There are no HOA fees for this property. This is a rare opportunity for an investor to purchase a high performing asset with multiple exit strategies. Imperial Beach is on the rise with several mixed-use development projects in the works. Emerging as one of San Diego’s most sought-after rental markets, Imperial Beach attracts high quality and reliable tenants. This property is located only a short drive from both the main Naval Amphibious Base Coronado and Naval Special Warfare Center. In addition to the tenants Imperial Beach draws in for its coastal location and unique culture, the Navy only increases demand of quality tenants as most receive housing allowances between $2,000 - $3,800/ month. This asset is poised for long term appreciation and is located on the coast with the investor’s longevity in mind. According to the San Diego Union Tribune, the median price of a house in San Diego could be around $776,000.00 by the end of 2021.
Last Agent to Sell the Property
Whitewater CRE Inc License #01974818 Listed on: 02/27/2021
Last Buyer's Agent
Irene Bianco
Intero Real Estate Services License #01393904
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2018
Lot Details
- 10,019
Home Design
- Clay Roof
- Stucco Exterior
Additional Features
- 2-Story Property
- Partially Fenced Property
- West of 5 Freeway
- Heating System Uses Natural Gas
Listing and Financial Details
- Tenant pays for electricity, hot water, trash, water
- Assessor Parcel Number 632-130-12-00
Community Details
Overview
- 4 Units
- Imperial Beach Community
Building Details
- Net Operating Income $91,681
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/01/2021 06/01/21 | Sold | $2,500,000 | -2.0% | $396 / Sq Ft | |
| 05/02/2021 05/02/21 | Pending | -- | -- | -- | |
| 04/30/2021 04/30/21 | Price Changed | $2,550,000 | -1.0% | $404 / Sq Ft | |
| 03/18/2021 03/18/21 | Price Changed | $2,575,000 | -0.8% | $408 / Sq Ft | |
| 02/27/2021 02/27/21 | For Sale | $2,595,000 | +476.7% | $411 / Sq Ft | |
| 03/25/2016 03/25/16 | Sold | $450,000 | 0.0% | $330 / Sq Ft | View Prior Sale |
| 02/11/2016 02/11/16 | Pending | -- | -- | -- | |
| 02/01/2015 02/01/15 | For Sale | $450,000 | -- | $330 / Sq Ft |
Source: San Diego MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Carson Trujillo
-
I
Buyer's Agent in 2021
Irene Bianco
Intero Real Estate Services
-
Tommy Crudo
Buyer's Agent in 2021
Tommy Crudo
Compass
(858) 583-2018
1 in this area
44 Total Sales
-
T
Buyer Co-Listing Agent in 2021
Tania Quant
Century 21-El Camino
-
V
Buyer Co-Listing Agent in 2021
Vincent Crudo
Compass
-
S
Seller's Agent in 2016
Shara Branch
Leadingham Realty Inc.
Map
Source: San Diego MLS
MLS Number: 210005121
APN: 632-130-12-00
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