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810-16 11Th St

Imperial Beach, CA 91932
  • $1,500,000
  • STATUS: PENDING
  • ON SITE: 62 Days
  • ID#: 230019725
Pending
UPDATED: 38 min ago
$1,500,000
  • 5
    BEDS
  • 0.14
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,235
    SQFT
  • $671
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1955
County:

Description

Welcome to the opportunity of a lifetime! Nestled just 11 blocks from the beautiful Imperial Beach Pier, this fourplex is the property you've been waiting for. All four properties have been remodeled to provide comfort, convenience, and endless potential. This property is a rare find for savvy investors looking to add a valuable income stream to their portfolio. With all the hard work already done, you can start earning rental income right away. For first-time homebuyers, it's an ideal opportunity to live in one unit while renting out the others – let your tenants help pay your mortgage and turn your homeownership dreams into reality! Main House: A 2-bed, 1-bath property with a front yard and spacious patio – perfect for an urban garden or hangout space. It boasts an abundance of natural light throughout the living spaces. Back Properties (triplex): Three 1-bed, 1-bath units, each with a private fenced front patio. All four units have new flooring, paint, bathtubs, cabinets, quartz countertops, bathroom tile, windows, fixtures, cordless blinds, and more. There is also a shared laundry room that all four properties have access to. The triplex has two pedestrian entrances, accessed through 11th St or the alley. There are parking spaces in the alley for the occupants of the triplex. Imperial Beach offers a relaxed coastal lifestyle with a strong sense of community, access to stunning natural beauty, and a wide range of recreational and cultural activities. Don’t miss the opportunity to invest in a quintessential Southern California coastal city.

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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/144139694
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810-16 11Th St Imperial Beach, CA 91932

  • Price: $1,500,000
  • Status: PENDING
  • On Site: 62 Days
  • Updated: 38 min ago
  • ID#: 230019725
5
Beds
4
Baths
0
½ Baths
0.14
Acres
2,235
SQFT
$671
$/SQFT
1955
Built
Neighborhood:
Imperial Beach
County:
San Diego
Area:
Imperial Beach (91932)
Middle School:
South Bay Union School District
High School:
Sweetwater Union High School District
Property Description
Welcome to the opportunity of a lifetime! Nestled just 11 blocks from the beautiful Imperial Beach Pier, this fourplex is the property you've been waiting for. All four properties have been remodeled to provide comfort, convenience, and endless potential. This property is a rare find for savvy investors looking to add a valuable income stream to their portfolio. With all the hard work already done, you can start earning rental income right away. For first-time homebuyers, it's an ideal opportunity to live in one unit while renting out the others – let your tenants help pay your mortgage and turn your homeownership dreams into reality! Main House: A 2-bed, 1-bath property with a front yard and spacious patio – perfect for an urban garden or hangout space. It boasts an abundance of natural light throughout the living spaces. Back Properties (triplex): Three 1-bed, 1-bath units, each with a private fenced front patio. All four units have new flooring, paint, bathtubs, cabinets, quartz countertops, bathroom tile, windows, fixtures, cordless blinds, and more. There is also a shared laundry room that all four properties have access to. The triplex has two pedestrian entrances, accessed through 11th St or the alley. There are parking spaces in the alley for the occupants of the triplex. Imperial Beach offers a relaxed coastal lifestyle with a strong sense of community, access to stunning natural beauty, and a wide range of recreational and cultural activities. Don’t miss the opportunity to invest in a quintessential Southern California coastal city.
Exterior Features

Exterior Stucco Fencing N/K Irrigation Sprinklers Parking Garage Spaces Unit1 0 Parking Garage Spaces Unit2 0 Parking Garage Spaces Unit3 0 Parking Garage Spaces Unit4 0 Parking Spaces Total Unit1 2.0 Parking Spaces Total Unit2 1.0 Parking Spaces Total Unit3 1.0 Parking Spaces Total Unit4 1.0 Roof Composition Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 0 Units With Patios 1

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Equipment Wall/Gravity Heat Source Natural Gas Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups Common Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups Common Unit4 Laundry Hook Ups Common Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 0 Water Heater Type Gas

Property Features

Actual Cap Rate 0.0 Age Restrictions N/K Annual Expense Actual 0 Annual Expense Projected 10000 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 Donax Ave Gross Rent Multiplier Actual 0.0 Gross Rent Multiplier Project 14.7 Gross Scheduled Income Actual 0 Gross Scheduled Income Project 102000 Jurisdiction Incorporated Mandatory Remarks None Known Market Area South Bay Monthly Total Fees 0 Net Operating Income Projected 92000 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 6.13 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Telecommunications Cable (coaxial)Wired High Speed Internet Tenant Pays Cable TVElectricityGas/Propane Terms Cal VetCashConventionalFHAVA Unit Number For Unit1 810 Unit Number For Unit2 812 Unit Number For Unit3 814 Unit Number4 816 Unit1 Deposit 0 Unit1 Occupied Vacant Unit1 Projected Rent 2800.0 Unit1 Rent Actual 0.0 Unit2 Deposit 0 Unit2 Occupied Vacant Unit2 Projected Rent 1900.0 Unit2 Rent Actual 0.0 Unit3 Deposit 0 Unit3 Occupied Vacant Unit3 Projected Rent 1900 Unit3 Rent Actual 0.0 Unit4 Deposit 0 Unit4 Occupied Vacant Unit4 Projected Rent 1900 Unit4 Rent Actual 0.0 Water Meter on Property Water District CALIFORNIA AMERICAN Zoning R-2:MINOR

San Diego MLS logo Listing provided courtesy of Gregory Dunn of Otay Mesa Realty: 619-794-5555. 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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