$1,600,000

  • COMMERCIAL-RES INCOME
  • SOLD
  • MLS# 180004066

Description

This 8-unit apartment building is located in the high demand market of Imperial Beach. Building consists of 7,098 rentable square feet and is located on a 10,009 square foot lot. The unit mix consists of (4) 2 bed/1 bath and (4) 1 bed/1 bath units featuring large floor plans, 11 off-street parking spaces, and an on-site laundry facility. Interiors have been well maintained and show very well. This is a great investment opportunity as rents have immediate upside potential with minimal value add, located in a market that is seeing substantial growth.

Property Details

Property type:
Commercial-Res Income
Number of Buildings:
1
Number of Stories:
2
Total Number of Parking Spaces:
11

Location

County:
San Diego

Additional Details

Number of Units:
8
Number of Leased Apartments:
8
Number of Stories:
2
Total Monthly Rent:
$9,305
Price Per Unit:
$235,000
Down Payment:
Flexible
Existing Finance:
Conventional
SqFt of Improvement:
7,098
Lot Square Footage:
10,009
Assessors Parcel #:
633-221-09-00
Tenant Pays Gas:
Yes
Tenant Pays Electric:
Yes
Units with Dishwasher:
8
Units with Disposals:
8
Units with Drapes:
8
Units with Ranges:
8
Units with Refrigerator:
8
Exterior:
Fully Landscaped
Parking:
Spaces

Unit Details

Unit 1
Number of Units:
1
Number of Bedrooms:
2
Number of Baths:
1
Rent:
$1,295
Unit Rental Total:
$1,295
Unit 2
Number of Units:
1
Number of Bedrooms:
2
Number of Baths:
1
Rent:
$1,250
Unit Rental Total:
$1,250
Unit 3
Number of Units:
1
Number of Bedrooms:
2
Number of Baths:
1
Rent:
$1,225
Unit Rental Total:
$1,225
Unit 4
Number of Units:
1
Number of Bedrooms:
2
Number of Baths:
1
Rent:
$1,225
Unit Rental Total:
$1,225
Unit 5
Number of Units:
1
Number of Bedrooms:
1
Number of Baths:
1.00
Rent:
$1,195
Unit Rental Total:
$1,195
Unit 6
Number of Units:
1
Number of Bedrooms:
1
Number of Baths:
1.00
Rent:
$1,095
Unit Rental Total:
$1,095
Unit 7
Number of Units:
1
Number of Bedrooms:
1
Number of Baths:
1.00
Rent:
$1,025
Unit Rental Total:
$1,025
Unit 8
Number of Units:
1
Number of Bedrooms:
1
Number of Baths:
1.00
Rent:
$995
Unit Rental Total:
$995

Features

Floor Coverings:
Vinyl, Wall to Wall Carpet
Construction Features:
Stucco

Listing provided by

McKee Properties
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Imperial Beach

The most southwestern city in the entire U.S. mainland, Imperial Beach is a residential seaside community of around 28,000 people with one of the youngest median ages in Southern California. Average household income is just under $58,000. There are more than six miles of beaches, including a dog beach and some of the best surfing in the county according to locals. Imperial Beach hosts the... Read More

Presented By
Beth
Roach

DRE# 01516268

619.300.0389

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Willis Allen Real EstateThis information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 Sandicor®, Inc.