NOT LISTED FOR SALE

1153 Emory St Imperial Beach, CA 91932

5 Beds
4 Baths
-- Sq Ft
1979 Built

Last Sold February 09, 2022

Last sale price $875,000

53 Days on Market

About This Home

As of February 2022

Incredible investment opportunity in Imperial Beach, just 9 blocks to the sand! This is more than your average, "2-on-a-lot" These are two incredibly spacious HOMES, both with their own one-car-garage, and wrap around outdoor area/patio. Great for entertaining and grilling! The front house features a private entry patio that opens into a generously sized living room with newer flooring installed just 2 years ago. The good sized kitchen includes a breakfast bar and ample room for a large dining table. There are 3 large bedrooms in total with 2 bathrooms. The last bedroom has a bonus area that can be used as an office, nursery, yoga studio, you name it! The space is even large enough to add an extra bedroom - there are so many possibilities! The back house is two stories. Downstairs hosts a large living room, half bath, plus full sized kitchen and dining room. Upstairs is another full bathroom and two HUGE bedrooms. The largest bedroom has an attached patio that sits over the entire garage. It has been walled in by the tenants and used as extra storage. There is potential to turn into extra living space, more bedrooms, or keep as a patio. These beach houses have so much opportunity to be re imagined, OR you can simply keep the tenants in place and enjoy the income property as is. So many possibilities! The time is NOW to invest in IB and this one won't last long!

Last Agent to Sell the Property

Jessie Smith

Market Real Estate License #02124738 Listed on: 10/08/2021

Last Buyer's Agent

Corey Simone

eXp Realty of California, Inc. License #01944488

eXp Realty of California, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Home Design

  • Composition Roof
  • Wood Siding

Additional Features

  • Partially Fenced Property
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for water, electricity
  • Assessor Parcel Number 632-122-25-00

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Net Operating Income $37,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: 9th and IB Blvd
  • Neighborhood: South San Diego Annex
  • Sale Price List Price: 0.95
  • Year Built: 1979
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Cooling: Wall/Window

Condo/Co-op/Association

  • Community: IMPERIAL BEACH
  • Manager Name: I

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 632-122-25-00

Rental Info

  • Tenant Pays: Water, Electricity

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 37600
  • Gross Rent Multiplier Actual: 20.5
  • Number Of Buildings: 2
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 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
02/09/2022 02/09/22 Sold $875,000 -5.4% --
12/01/2021 12/01/21 Pending -- -- --
11/09/2021 11/09/21 Price Changed $925,000 +5.7% --
10/25/2021 10/25/21 For Sale $875,000 0.0% --
10/15/2021 10/15/21 Pending -- -- --
10/08/2021 10/08/21 For Sale $875,000 -- --
Source: San Diego MLS

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 $11,504 $928,554 $543,543 $385,011
2024 $11,504 $910,348 $532,886 $377,462
2023 $11,314 $892,499 $522,438 $370,061
2022 $10,912 $836,400 $489,600 $346,800
2021 $10,610 $820,000 $480,000 $340,000
2020 $3,762 $231,143 $89,621 $141,522
2019 $3,709 $226,612 $87,864 $138,748
2018 $3,670 $222,170 $86,142 $136,028
2017 $3,632 $217,814 $84,453 $133,361
2016 $3,337 $213,545 $82,798 $130,747
2015 $3,237 $210,339 $81,555 $128,784
2014 $3,240 $206,220 $79,958 $126,262
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210028413

San Diego MLS

APN: 632-122-25-00

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