NOT LISTED FOR SALE

621 Florence St Imperial Beach, CA 91932

10 Beds
5 Baths
3,340 Sq Ft
1948 Built

Last Sold November 29, 2022

Last sale price $1,850,000 $554 Per Sq Ft

41 Days on Market

Highlights

  • Private Pool
  • Gated Community
  • Laundry Facilities
  • RV Garage
  • City Lights View
  • 4-minute walk to Teeple Park

About This Home

As of November 2022

621 Florence St is an immaculate 4 unit property located in the heart of Imperial Beach. It features a strong unit mix (4 bed/2 bath house & three 2 bed/1 bath units). It has been extensively renovated by the current owners. Some improvements include but are not limited to: new roof, gutter, exterior & interior paint, windows, doors, floors, electrical, cabinets & countertops, appliances, bathrooms, turf, landscaping, fencing, concrete, split unit AC in all four units, & laundry room. It is sure to keep and retain tenants while providing a future owner low maintenance expenses. For a full list of owner improvements in addition to the offering memorandum, please contact list agent.

Last Agent to Sell the Property

Brendan Flynn

South Coast Commercial, Inc. License #01933302 Listed on: 10/07/2022

South Coast Commercial, Inc.

Last Buyer's Agent

Gilbert Gorou

Keller Williams Realty License #01798787

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 7,499 Sq Ft Lot
  • Gated Home
  • Cross Fenced
  • Property is Fully Fenced

Parking

  • RV Garage

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • City Lights Views

Pool

  • Private Pool

Listing and Financial Details

  • Tenant pays for water, gas/propane
  • Assessor Parcel Number 626-242-20-00

Community Details

Overview

  • Association fees include exterior (landscaping)
  • 4 Units

Pet Policy

  • Pets Allowed

Additional Features

  • Laundry Facilities
  • Net Operating Income $106,109
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: Calla
  • Neighborhood: Dolphin Bay
  • Stories: 2 Story
  • Sale Price List Price: 0.98
  • Total Stories: 2
  • Year Built: 1948
  • Allow Comments Review: No
  • Internet Address Field: No Address
  • Internet Syndication Y N: No
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 2
  • Prkng Non Garage Spac U3: 2
  • Prkng Non Garage Spac U4: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Cross Fencing, Full, Gate
  • Pool: Private
  • Roof: Composition
  • View: Evening Lights

Garage/Parking

  • Parking for RV: Garage, Hook-ups

Utilities

  • Cooling: Central Forced Air
  • Security: Gated Community

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: IMPERIAL BEACH
  • Complex Features: Gated Community, Laundry Facilities
  • Home Owner Association Fee Includes: Exterior (Landscaping)

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Zoning: R4
  • Assessor Parcel Number: 626-242-20-00
  • Land Use Code: MFD
  • Estimated Lot Sq Ft: 7499

Rental Info

  • Tenant Pays: Water, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 106109
  • Annual Expense Actual: 29014
  • Gross Rent Multiplier Actual: 13.2
  • Gross Sched Income Actual: 137880
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 4
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4

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 List to Sale Price per Sq Ft
11/29/2022 11/29/22 Sold $1,850,000 -2.4% $554 / Sq Ft
11/18/2022 11/18/22 Pending -- -- --
11/03/2022 11/03/22 Price Changed $1,895,000 -9.5% $567 / Sq Ft
10/19/2022 10/19/22 Price Changed $2,095,000 -4.6% $627 / Sq Ft
10/07/2022 10/07/22 For Sale $2,195,000 -- $657 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Brendan Flynn

    Seller's Agent in 2022

    Brendan Flynn

    South Coast Commercial, Inc.

    (339) 222-3361

    6 in this area

    42 Total Sales

    Brendan Flynn
    Section Image

  • G

    Buyer's Agent in 2022

    Gilbert Gorou

    Keller Williams Realty

    (858) 357-4943

    1 in this area

    13 Total Sales

    Gilbert Gorou
    Section Image
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Map

Source: San Diego MLS

MLS Number: 220025437

San Diego MLS

APN: 626-242-20-00

California San Diego County Imperial Beach 91932

621 Florence St, Imperial Beach, CA

This home is located at 621 Florence St, Imperial Beach, CA 91932 since 07 October 2022. This property was built in 1948. 621 Florence St is a home located in San Diego County with nearby schools including Bayside Elementary School, Mar Vista Academy, and Mar Vista Senior High School.

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