1164 Ivy Lane

    Imperial Beach, CA 91932
    • $2,200,000
    • STATUS: Active
    • ON SITE: 49 days
    • ID#: 180039690
    UPDATED: 62 min ago
    $2,200,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    This 6-unit apartment building conists of 5,546 rentable square feet and is situatied on an 18,000+ foot lot. Features include 11 garages, 4 storge units, 15 open parking spaces. and onsite laundry. Zoning allows for 8 units, allowing develoment potential by removing the front house and building 3 townhomes in its place. The unit mix consists of (1) 4 Bed/3 bath house, (1) 3 bed/2.5 bath, and (4) 2 bed/1 bath units. Garages and storage units rent separtely for added income. Imperial Beach is in high demand! These low maintenance units offer a 5.27 CAP Rate with upside potential. A rare opportunity for the savvy investor or owner/user! Amenities: None

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-13T09:28:56.21. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.sonyathebroker.com/homes/88826789

    1164 Ivy Lane Imperial Beach, CA 91932

    • Price: $2,200,000
    • Status: Active
    • Updated: 62 min ago
    • ID#: 180039690
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    County:
    San Diego
    Property Description
    This 6-unit apartment building conists of 5,546 rentable square feet and is situatied on an 18,000+ foot lot. Features include 11 garages, 4 storge units, 15 open parking spaces. and onsite laundry. Zoning allows for 8 units, allowing develoment potential by removing the front house and building 3 townhomes in its place. The unit mix consists of (1) 4 Bed/3 bath house, (1) 3 bed/2.5 bath, and (4) 2 bed/1 bath units. Garages and storage units rent separtely for added income. Imperial Beach is in high demand! These low maintenance units offer a 5.27 CAP Rate with upside potential. A rare opportunity for the savvy investor or owner/user! Amenities: None
    Exterior Features

    Construction Materials Stucco Lot Size Dimensions 91X201 Roof Composition

    Interior Features

    Heating Wall Heater Heating YN Yes

    Property Features

    Cap Rate 5.27 Country Us Gross Scheduled Income 139230.00 Maintenance Expense 2980.00 Net Operating Income 115971.00 Operating Expense 23259.00 Property Sub Type Commercial/Residential Total Expenses 23259.00 Total Monthly Rent 9660 Trash Expense 1932.00 Water Sewer Expense 2600.00 Zoning R-2000

    Listing provided courtesy of Judy Preston of Ascent Real Estate, Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-13T09:28:56.21. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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