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Key Details
Sold Price $975,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Imperial Beach
MLS Listing ID 200051012
Sold Date 01/07/21
HOA Y/N No
Year Built 1965
Lot Size 7,405 Sqft
Property Description
Don’t miss this incredible investment opportunity in IB! On a 6,534 sq. ft. lot, this 2-story property features four separate 2 Bed/1.5 Bath units. With FHA rates as low as 3.5% down for owner occupied, savvy buyer could live in one and have rent from 3 others to support purchase! Units boast patios, washer/dryer hookups & 8 tenant parking spots. Spacious storage room can easily be repurposed into laundry room. With stabilized cash flow, this property is a solid start for anyone’s investment portfolio! *Max FHA loan 4 units. Perfect income opportunity for the burgeoning investor! While in need of some upgrades, this tenant-occupied property allows for buyer to see immediate return. Only blocks away from both the San Diego Bay and Imperial Beach beachfront, this property offers walkability to schools, shopping centers and public transportation. Exterior: Wood/Stucco Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: A Unit # for Unit 2: B Unit # for Unit 3: C Unit # for Unit 4: D Number of Furnished Units: 0 Topography: LL
Location
State CA
County San Diego
Area 91932 - Imperial Beach
Zoning R-3:RESTRI
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Pool None
View Y/N No
View None
Roof Type Composition
Private Pool No
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 6261312100
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash
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Bought with Gregg Neuman • Berkshire Hathaway HomeService