NOT LISTED FOR SALE

1151 53 Elder Ave Imperial Beach, CA 91932

2 Beds
1 Bath
700 Sq Ft
7,525 Sq Ft Lot

Last Sold August 31, 2022

Last sale price $850,000 $1,214 Per Sq Ft

50 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • No Heating
  • Private Yard
  • Laundry Room
  • 1-Story Property

About This Home

As of August 2022

PRICE DROPPED AGAIN!!!! LIVE IN ONE AND RENT THE OTHER!!! Perfect opportunity to own a large corner lot in the heart of Imperial Beach! These are 2 separate detached units, both are 2 bedrooms and 1 bath with a 1 car garage. They both have their own yards, plenty of space in between each unit for privacy, 1151 has alley access if needed, 1153 sits on a corner and has a large side yard as well as a fenced back yard. 1153 has some deferred maintenance, needs some TLC. Live in one and rent the other out for income to help pay your mortgage! Property is tenant Occupied, Please do not disturb tenants. Shown by Appointment only, 24 hour notice required. Information is deemed to be accurate, but shall not be relied upon without buyer and buyers agent to verify accuracy of square footage, lot size, and other information is not guaranteed. Buyer to verify and satisfy themselves with condition and all measurements of property before close of escrow.

Last Agent to Sell the Property

Dana Kane

Pacific Realty Property Sales License #01830247 Listed on: 06/10/2022

Last Buyer's Agent

Bill Moran

Asset Management & Investments License #01052666

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 7,525 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Rectangular Lot
  • Private Yard
  • Lawn
  • Back and Front Yard

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 700 Sq Ft Home
  • 1-Story Property
  • Gas Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Laundry Located Outside

Utilities

  • No Heating
  • Overhead Utilities

Listing and Financial Details

  • Tenant pays for grounds care
  • Tax Lot R-2 Minor
  • Tax Tract Number 1022
  • Assessor Parcel Number 6264923300
  • $1,663 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,346
  • Trash Expense $200
  • New Taxes Expense $3,742
  • Operating Expense $10,000
  • Gross Income $52,200
  • Net Operating Income $46,980

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 3.90
  • Property Attached: No
  • View: No
  • Zoning: R-2:MINOR MULTIPLE
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6264923300
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Price Per Square Foot: 1214.29

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Appliances: Gas Range
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Front Yard, Lawn, Rectangular Lot, Utilities - Overhead, Yard
  • Lot Size Sq Ft: 7525.00
  • Lot Size Acres: 0.1728

Rental Info

  • Tenant Pays: Grounds Care

Multi Family

  • Gross Income: 52200.00
  • Gross Scheduled Income: 52200.00
  • Insurance Expense: 1346.00
  • Lot Size Area: 7525.0000 Square Feet
  • Net Operating Income: 46980.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number With Range: 2
  • Operating Expense: 5220.00
  • Rent Control: Yes
  • Total Expenses: 10000.00

Tax Info

  • New Taxes Expense: 3742.00
  • Tax Lot: R-2 Minor
  • Tax Tract Number: 001022
  • TaxOtherAnnualAssessmentAmount: 1663.22
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
08/31/2022 08/31/22 Sold $850,000 -5.5% $1,214 / Sq Ft
07/30/2022 07/30/22 Pending -- -- --
07/26/2022 07/26/22 Price Changed $898,998 -9.9% $1,284 / Sq Ft
07/11/2022 07/11/22 Price Changed $998,000 -16.8% $1,426 / Sq Ft
06/10/2022 06/10/22 For Sale $1,200,000 -- $1,714 / 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 $11,444 $884,340 $728,280 $156,060
2024 $11,444 $867,000 $714,000 $153,000
2023 $11,325 $850,000 $700,000 $150,000
2022 $3,755 $183,482 $89,788 $93,694
2021 $3,742 $179,885 $88,028 $91,857
2020 $3,369 $178,042 $87,126 $90,916
2019 $3,501 $174,552 $85,418 $89,134
2018 $3,168 $171,131 $83,744 $87,387
2017 $3,036 $167,776 $82,102 $85,674
2016 $2,718 $164,488 $80,493 $83,995
2015 $2,657 $162,018 $79,284 $82,734
2014 $2,830 $158,845 $77,731 $81,114
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2203835

California Regional Multiple Listing Service (CRMLS)