Listing Office:Spirit Realty Inc.
Property Type:Res Income 2-4 Units
On Site:85 Days
Incredible investment opportunity in Imperial Beach, just 9 blocks to the sand! This is more than your average, "2-on-a-lot" These are two incredibly spacious HOMES, both with their own one-car-garage, and wrap around outdoor area/patio. Great for entertaining and grilling! The front house features a private entry patio that opens into a generously sized living room with newer flooring installed just 2 years ago. The good sized kitchen includes a breakfast bar and ample room for a large dining table. There are 3 large bedrooms in total with 2 bathrooms. The last bedroom has a bonus area that can be used as an office, nursery, yoga studio, you name it! The space is even large enough to add an extra bedroom - there are so many possibilities! The back house is two stories. Downstairs hosts a large living room, half bath, plus full sized kitchen and dining room. Upstairs is another full bathroom and two HUGE bedrooms. The largest bedroom has an attached patio that sits over the entire garage. It has been walled in by the tenants and used as extra storage. There is potential to turn into extra living space, more bedrooms, or keep as a patio. These beach houses have so much opportunity to be re imagined, OR you can simply keep the tenants in place and enjoy the income property as is. So many possibilities! The time is NOW to invest in IB and this one won't last long!
$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.
Price Change History
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Address:1153-1155 Emory St Imperial Beach, CA 91932
Area (MLS Code):South Bay
Subdivision:South San Diego Annex
Bathrooms: 3 Full / 1 Half
Unit 1: 3 beds, 2 baths. Rent: $1925.0
Unit 2: 2 beds, 2 baths. Rent: $1625.0
Features / Amenities
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Lot Dimensions:4,000-7,499 SF
Directions:Head west on Coronado Ave from 1-5. Take a left on Emory right before the light on 9th st.
Tax and Financial Info
Gross Sched Income Actual: $42, 600
Annual Expense Actual: $5, 000
Cap Rate Actual: $5
Tenant Pays: Electricity, Water
Terms: Cash, Conventional