FOR SALE: 306-308 Elm Ave Imperial Beach CA 91932 | 230000962 |$2,400,000| Cal Rob (858) 752-8730 for a TOUR!
Property Type:Res Income 2-4 Units
On Site:22 Days
Lot Size:0.27 Acres
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.
$000 Monthly Payment
Loan and interest only.
Address:306-308 Elm Ave, Imperial Beach, CA 91932
Area (MLS Code):South Bay
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
Features / Amenities
Pets Allowed: Yes
Heat Source: Electric
Water Heater: Gas
|Extra Room 1|
|Extra Room 2|
|Extra Room 3|
Lot Size: 0.27 Acres
Lot Dimensions:.25 to .5 AC
Site: Corner Lot, Curbs, Public Street, Sidewalks, Street Paved, West of I-5
Water: Meter on Property
Sewer: Sewer Connected
Telecommunications: Cable (coaxial)
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