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234 Dahlia Ave

Imperial Beach, CA 91932
  • $2,350,000
  • STATUS: ACTIVE
  • ON SITE: 68 Days
  • ID#: 230019171
$2,350,000
  • 2
    BEDS
  • 0.13
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Offered for sale is a five unit residential income property within a short walk to the wide sandy beach of Imperial Beach. This coastal opportunity offers a desirable coastal location, preferred unit mix of all two-bedroom units, upgraded property, strong in-place rents and attractive assumable financing. Residents enjoy convenient access to the beach and restuarants. Fun bikeable neighborhood with flat streets and dedicated bike lanes. Strong rental market with increasing military pressence. Renovated units and easy to maintain property. Assumable first loan at 6.07% fixed for 4.5 years, then ARM. Please drive by discreetly without disturbing the residents or management.

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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 © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.gellens.com/homes/143887523
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234 Dahlia Ave Imperial Beach, CA 91932

  • Price: $2,350,000
  • Status: ACTIVE
  • On Site: 68 Days
  • ID#: 230019171
2
Beds
1
Baths
0
½ Baths
0.13
Acres
Neighborhood:
Imperial Beach (91932)
County:
San Diego
Area:
Imperial Beach (91932)
Property Description
Offered for sale is a five unit residential income property within a short walk to the wide sandy beach of Imperial Beach. This coastal opportunity offers a desirable coastal location, preferred unit mix of all two-bedroom units, upgraded property, strong in-place rents and attractive assumable financing. Residents enjoy convenient access to the beach and restuarants. Fun bikeable neighborhood with flat streets and dedicated bike lanes. Strong rental market with increasing military pressence. Renovated units and easy to maintain property. Assumable first loan at 6.07% fixed for 4.5 years, then ARM. Please drive by discreetly without disturbing the residents or management.
Exterior Features

Parking Spaces Total 5

Interior Features

Sq Ft Of Improvement 3605

Property Features

1st Loan Assumable yes 1st Loan Balance 975000 1st Loan Interest 6.07 Actual Cap Rate 3.7 Actual Gross Operating Income 136421 Actual Gross Scheduled Income 140640.0 Actual Operating Expense 48071 Actual Vacancy And Credit Loss 4219 Assumable Finance 975000 Buildings 1 Complex Features Other/Remarks Gross Equity 1425000 Gross Multiplier 16.7 Have Property Mandatory Remarks None Known Market Area South Bay Monthly Rent Total 11545 Motive Want Sale Other Income Amount 175 Other Income Source Laundry Present Loan 975000 Projected Cap Rate 4.1 Projected Gross Multiplier 15.5 Projected Gross Operating Inc 147537 Projected Gross Scheduled Inc 152100 Projected Net Income 98910 Projected Operating Expense 48627 Projected Vacancy And Credit Loss 4563 Unit Number1 5 Unit Rent Total1 11545 Unit Rent1 $2295-$2350

San Diego MLS logo Listing provided courtesy of Ray Adams of Ray Adams Investment Real Estate Inc: 619-884-5456. Listing information © 2023 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 © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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