$1,925,000
SOLD APR 28, 2023

217 Evergreen Ave Imperial Beach, CA 91932

6 Beds
4 Baths
2,600 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$740 Per Sq Ft

4% Below List Price

14 Days on Market

About This Home

As of April 2023

ONE BLOCK FROM THE BEACH! PERFECT FOR OWNER OCCUPANT, AIRBNB, AND MUCH MORE... 217-223 Evergreen is a rare and tremendous asset boasting a mix of (2) large 2BR 1BA and (2) 1BR 1BA units. You can't beat this at the beach - there are FIVE deep one car garages at the property and another 3 off street parking spots. The property boasts true pride of ownership with well maintained units and tons of upgrades throughout, including new roof in 2010. The property recently got Section 1 termite clearance, and with an available 2BR, it is perfect for owner occupant. For buyers looking to AirBnb or raise the rents, the other 2BR unit will be moving end of the month. Convert the ~1300 SF of garage space into multiple ADUs easily for more value! The property also has a large laundry room, common area space, a private yard for one of the units, and extra storage. See marketing package in "D" for more!

Last Agent to Sell the Property

Florian Sighe

The Browar Group License #02072593 Listed on: 03/16/2023

Co-Listed By

Jason Lee

Nara Advisors, Inc. License #02068011

Last Buyer's Agent

Tania Rivera

Compass License #01963784

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1942

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 2-Story Property
  • Partially Fenced Property

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 6253622300

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Imperial Beach Community

Building Details

  • Net Operating Income $69,258

Property Details

Home Type

Multi-Family

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: Evergreen
  • Neighborhood: Imperial Beach
  • LP / Sq Ft: 21.03
  • Stories: 2 Story
  • Sale Price List Price: 0.96
  • Total Stories: 2
  • Year Built: 1942
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

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

Condo/Co-op/Association

  • Complex Name: Imperial Beach
  • Community: IMPERIAL BEACH

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 6253622300

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 69258
  • Annual Expense Actual: 33814
  • Gross Rent Multiplier Actual: 18.8
  • Gross Rent Multiplier Projected: 15.0
  • Gross Sched Income Actual: 106260
  • Gross Sched Income Projected: 132900
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Garage: 4
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4

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Range of Values:

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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 Change Sq Ft Price
07/24/2025 07/24/25 For Sale $1,899,999 -1.3% --
04/28/2023 04/28/23 Sold $1,925,000 -3.7% $740 / Sq Ft
03/31/2023 03/31/23 Pending -- -- --
03/16/2023 03/16/23 For Sale $1,999,999 +175.9% $769 / Sq Ft
05/15/2014 05/15/14 Sold $725,000 -3.3% --
04/02/2014 04/02/14 Pending -- -- --
03/24/2014 03/24/14 For Sale $750,000 -- --
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 230004891

San Diego MLS

APN: 625-362-23-00