306-308 Elm Ave

Imperial Beach, CA 91932 View Map $2,400,000 Schedule a Tour
Beds8
Baths4
Sq.Ft.11,531
Year1951
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Robert & Joy Aumann

Robert & Joy Aumann

(858) 752-8730
 
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FOR SALE: 306-308 Elm Ave Imperial Beach CA 91932 | 230000962 |$2,400,000| Cal Rob (858) 752-8730 for a TOUR!

Status: Active
Property Type:Res Income 2-4 Units
MLS #:230000962
Sq. Feet:11,531
On Site:22 Days
Lot Size:0.27 Acres
County:San Diego

Listing Agent/Office

Agent:Glen Henderson
Agent Phone:619-996-8926
Office:Big Block Realty, Inc.
Presenting 306-308 Elm Ave and 861-865 3rd St. This sale consists of two parcels being sold together. Situated on the corner of 3rd Street and Elm Avenue, this corner lot totals .27 acres. The property consists of two duplexes, for a total of four (4) units. Each unit is 2 bedrooms, 1 bath, and approximately 692 square feet. In addition to the 4 units, there are two (2), 2-car garages, and each unit has its own fenced yard. The units can be upgraded to higher-end finishes, providing over a 40% potential upside in rents. This property offers a rare opportunity to own a large corner lot only 2-blocks from the beach in one of San Diego's most up-and-coming coastal communities.

Mortgage Calculator

$000 Monthly Payment
Loan and interest only.

Detailed Maps

Community Information

Address:306-308 Elm Ave, Imperial Beach, CA 91932
County:San Diego
Area (MLS Code):South Bay
Subdivision:Imperial Beach
Zip Code:91932
Community:IMPERIAL BEACH

Architecture

Bedrooms: 8
Bathrooms: 4
Year Built:1951
Stories:1
Exterior: Stucco
Total Stories: 1
Unit 1: 2 beds, 1 bath. Rent: $2200.0
Unit 2: 2 beds, 1 bath. Rent: $1700.0
Unit 3: 2 beds, 1 bath. Rent: $1850.0
Unit 4: 2 beds, 1 bath. Rent: $1600.0
Roof: Composition

Features / Amenities

Pets Allowed: Yes
View: City
Heating: Wall/Gravity
Heat Source: Electric
Water Heater: Gas

Rooms

Dimensions
Master
Bedroom 2
Bedroom 3
Bedroom 4
Bedroom 5
Breakfast Area
Dining Room
Kitchen
Living Room
Family Room
Extra Room 1
Extra Room 2
Extra Room 3

Property Features

Lot Size: 0.27 Acres
Lot Dimensions:.25 to .5 AC
Site: Corner Lot, Curbs, Public Street, Sidewalks, Street Paved, West of I-5
Topography: Level
Water: Meter on Property
Sewer: Sewer Connected
Telecommunications: Cable (coaxial)
Fencing: Partial
Zoning:R-1:SINGLE
Directions:From 5 5wy: Exit CA-75/Palm Ave & go West. Turn left onto Palm Ave. Left onto 4th St. Right on Elm. Property is on right.

Tax and Financial Info

Gross Sched Income Actual: $88, 200
Gross Sched Income Projected: $124, 800
Annual Expense Actual: $5, 200
Annual Expense Projected: $5, 200
Cap Rate Actual: $3.50
Cap Rate Projected: $5
Tenant Pays: Electricity, Gas/Propane
Terms: Cash, Conventional

Schools

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306-308 Elm Ave Imperial Beach,  CA 91932
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306-308 Elm Ave Imperial Beach, CA 91932
 
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Listing information last updated on February 3, 2023 2:30 PM EST.