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204 Evergreen Ave

Imperial Beach, CA 91932
  • $1,549,000
  • STATUS: ACTIVE
  • ON SITE: 33 Days
  • ID#: 240021357
UPDATED: 41 min ago
$1,549,000
  • 3
    BEDS
  • 0.11
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,100
    SQFT
  • $738
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1965
County:

School Ratings & Info

Description

Discover a rare chance to own a prime multifamily property just steps from the ocean in Imperial Beach. This versatile asset features a well-appointed 2BD/1BA house, alongside a 2-story building that contains a 1BD/1BA unit on the first floor and a studio unit on the second floor – offering a desirable mix of rental opportunities. All three units have access to a common area washer and dryer. Situated at the corner of Evergreen Ave. and 2nd Street, this property is a straight shot to the iconic Imperial Beach pier, with shops and restaurants just a short walk away. Perfect for owner-occupants: live in one unit and rent out the other two. Each building boasts its own detached garage, offering additional storage or the potential for ADU conversions to expand your investment. Positioned for significant rental income growth, thanks to its unbeatable proximity to the beach, vibrant dining, shopping, and an array of coastal activities. Don't miss out on this rare opportunity to invest in a property that seamlessly blends immediate rental income with the coveted beachside lifestyle.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.gellens.com/homes/154927876
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204 Evergreen Ave Imperial Beach, CA 91932

  • Price: $1,549,000
  • Status: ACTIVE
  • On Site: 33 Days
  • Updated: 41 min ago
  • ID#: 240021357
3
Beds
3
Baths
0
½ Baths
0.11
Acres
2,100
SQFT
$738
$/SQFT
1965
Built
Neighborhood:
Imperial Beach
County:
San Diego
Area:
Imperial Beach (91932)
Property Description
Discover a rare chance to own a prime multifamily property just steps from the ocean in Imperial Beach. This versatile asset features a well-appointed 2BD/1BA house, alongside a 2-story building that contains a 1BD/1BA unit on the first floor and a studio unit on the second floor – offering a desirable mix of rental opportunities. All three units have access to a common area washer and dryer. Situated at the corner of Evergreen Ave. and 2nd Street, this property is a straight shot to the iconic Imperial Beach pier, with shops and restaurants just a short walk away. Perfect for owner-occupants: live in one unit and rent out the other two. Each building boasts its own detached garage, offering additional storage or the potential for ADU conversions to expand your investment. Positioned for significant rental income growth, thanks to its unbeatable proximity to the beach, vibrant dining, shopping, and an array of coastal activities. Don't miss out on this rare opportunity to invest in a property that seamlessly blends immediate rental income with the coveted beachside lifestyle.
Exterior Features

Exterior Stucco Fencing Partial Roof Composition Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Units With Garages 2 Units With Patios 1

Interior Features

Cooling Zoned Area(s) Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups Common Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups Common Units With Cooling 2 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 0

Property Features

Actual Cap Rate 1.4 Age Restrictions N/K Annual Expense Actual 26894 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Community IMPERIAL BEACH Complex Park Imperial Beach Cross Streets 2nd Street Gross Rent Multiplier Actual 30.8 Gross Rent Multiplier Project 16.2 Gross Scheduled Income Actual 50340 Gross Scheduled Income Project 95820 Mandatory Remarks None Known Market Area South Bay Monthly Total Fees 0 Net Operating Income Projected 66052 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 4.3 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays ElectricityGas/Propane Terms CashConventionalFHAVA Unit Number For Unit3 Studio Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Projected Rent 3595.0 Unit1 Rent Actual 2400.0 Unit2 Deposit 0 Unit2 Occupied Vacant Unit2 Projected Rent 2395.0 Unit2 Rent Actual 0.0 Unit3 Deposit 0 Unit3 Occupied Tenant Unit3 Projected Rent 1995 Unit3 Rent Actual 1795.0

San Diego MLS logo Listing provided courtesy of Eric Lowe of Starker West, Inc.: 619-776-2681. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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