NOT LISTED FOR SALE

Imperial Beach, CA 91932

6 Beds
3 Baths
-- Sq Ft
0.34 Acres

Last Sold July 18, 2024

Last sale price $2,075,000

79 Days on Market

Highlights

  • 15,023 Sq Ft lot
  • Partially Fenced Property
  • 1-Story Property
  • Trails
  • Level Lot

About This Home

As of July 2024

House plus duplexes. One block to bay and biking path. Renovated interiors with new kitchens and bathrooms. Large parcel with ADU potential or development potential. Excellent in place income. Assumable first loan (seller may pay assumption fee). Units include w/d hook-ups and private fenced yards.

Last Agent to Sell the Property

ray adams

Ray Adams Investment Real Estate Inc License #00989238 Listed on: 02/09/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.34 Acre Lot
  • Partially Fenced Property
  • Level Lot

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas/propane, hot water
  • Assessor Parcel Number 6260312100

Community Details

Overview

  • 3 Buildings
  • 5 Units

Recreation

  • Trails

Building Details

  • Net Operating Income $101,585

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: Basswood Ave.
  • Neighborhood: Bay
  • LP / Sq Ft: 12.55
  • Stories: 1 Story
  • Sale Price List Price: 0.97
  • Total Stories: 1
  • Year Built: 1965
  • Allow Comments Review: No
  • Internet Address Field: Partial Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 2
  • Prkng Non Garage Spac U3: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

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

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: IB
  • Community: IMPERIAL BEACH
  • Complex Features: Biking/Hiking Trails

Lot Info

  • Lot Size: .25 to .5 AC
  • Site: Public Street
  • Topography: Level
  • Assessor Parcel Number: 6260312100
  • Estimated Lot Sq Ft: 15023

Rental Info

  • Tenant Pays: Electricity, Gas/Propane, Hot Water

Multi Family

  • No. of Units: 5
  • Actual Net Operating Income: 101585
  • Annual Expense Actual: 47989
  • Annual Expense Projected: 51655
  • Gross Rent Multiplier Actual: 14.6
  • Gross Sched Income Actual: 154200
  • Gross Sched Income Projected: 229800
  • Number Of Buildings: 3
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 5
  • Number Of Units With Range Oven: 5
  • Number Of Units With Refrigerator: 5

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
07/18/2024 07/18/24 Sold $2,075,000 -3.5% --
04/29/2024 04/29/24 Pending -- -- --
04/08/2024 04/08/24 Price Changed $2,150,000 -4.4% --
03/04/2024 03/04/24 Price Changed $2,250,000 -4.3% --
02/09/2024 02/09/24 For Sale $2,350,000 -- --
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • r

    Seller's Agent in 2024

    ray adams

    Ray Adams Investment Real Estate Inc

    (858) 546-5456

    2 in this area

    28 Total Sales

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Source: San Diego MLS

MLS Number: 240002957

San Diego MLS

California San Diego County Imperial Beach

91932

This home since 09 February 2024. This property was built in 1965. This home 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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