NOT LISTED FOR SALE

981-83 Elder Ave Imperial Beach, CA 91932

4 Beds
2 Baths
1,736 Sq Ft
1958 Built

Last Sold August 30, 2024

Last sale price $700,000 $403 Per Sq Ft

1 Day on Market

About This Home

As of August 2024

981-83 Elder Ave is a 2 unit property with 2 x 2 bed/1 bath units in Imperial Beach. The property is on a large corner lot that is 7,000 SF and both units have ample yard space and each have 1 garage. This is property is a value add opportunity that you don't want to miss. There is a tenant that is currently not paying rent in unit 983 and the other tenant is MTM at $1800 per month.

Last Agent to Sell the Property

Ryan Merriken

LANDMARK MULTIFAMILY AND DEVEL License #02147674 Listed on: 05/21/2024

LANDMARK MULTIFAMILY AND DEVEL

Last Buyer's Agent

Ryan Merriken

LANDMARK MULTIFAMILY AND DEVEL License #02147674 Listed on: 05/21/2024

LANDMARK MULTIFAMILY AND DEVEL

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 1-Story Property
  • Partially Fenced Property

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 626-481-19-00

Community Details

Overview

  • 2 Units
  • Veterans Park Community

Building Details

  • Net Operating Income $1,824

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: Elder Ave and 10th St
  • Neighborhood: Imperial Beach
  • LP / Sq Ft: 17.37
  • Stories: 1 Story
  • Sale Price List Price: 0.88
  • Total Stories: 1
  • Year Built: 1958
  • 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: Veterans Park
  • Community: IMPERIAL BEACH

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 626-481-19-00

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 1824
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
08/30/2024 08/30/24 Sold $700,000 -12.5% $403 / Sq Ft
05/23/2024 05/23/24 Pending -- -- --
05/21/2024 05/21/24 For Sale $800,000 -- $461 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ryan Merriken

    Seller's Agent in 2024

    Ryan Merriken

    LANDMARK MULTIFAMILY AND DEVEL

    (707) 548-0092

    1 in this area

    19 Total Sales

    Ryan Merriken
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Map

Source: San Diego MLS

MLS Number: 240011366

San Diego MLS
California San Diego County Imperial Beach 91932

981-83 Elder Ave, Imperial Beach, CA

Not Listed for Sale

MultiFamily

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