Thank you
Jamie Tuckey
Compass
858-299-1116
Fantastic opportunity to add value, build equity and enjoy cashflow OR to develop (by way of condo mapping) and sell each unit separately (recent converted units in east IB have sold in the 700's to 900's). Sellers are open to cooperating with the buyer's loan buy-down scenarios! This property sits on a 8550sqft R-3000 lot and offers 2 units that make up 2460 livable square feet. Up front is a 2BD/1BA (approx. 800 sqft) with its own 750sqft front yard and a 360sqft attached single car garage; and in the back is a two-story 3BD/2BA (approx 1660sqft) with dual-pane windows, an optional 4th bedroom downstairs, a fireplace, a 275sqft private front patio, a 150sqft shed with windows and loft, mature shady trees, and a 1200+sqft back yard with pavers, planters and a porch. Each unit has its own separate utilities (water, gas, and electric). Plenty of off-street parking on the lot. The lot perimeter is fully fenced/walled and sits well above street grade thanks to a nice retaining wall and walkway entry in the front of the lot. Front unit tenants vacate April 30th and rear unit tenants are leased until January 2025. Current rents received are under market (see financials). Lath and plaster was found in the back of the rear unit: it is an older build year that needs works but is still in rentable condition. Inspections from previous escrow are available - please contact agent. See documents section for termite report. Title opened, prelim in hand. Priced to sell.
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Total Baths: 0
Roof : Composition
Property Appliances: Gas Water Heater
None
Air Conditioning
Forced Air,Natural Gas
Has Heating
Year Built: 1969
Roof: Composition
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1963
Lot Size Dimensions: 58x150
Lot Size Source: Assessor
Lot Size Square Feet: 8550
Original List Price: 975,000
Listing Contract Date: 2024-03-07
Listing Agreement: Seller Reserved
Parcel Number: 6271311200
Lease Term: Negotiable
Tenant Pays: Cable TV,Electricity,Gas,Sewer,Water
Source Listing Status: Pending
Source Neighborhood: 91932 - Imperial Beach
Directions: Palm Avenue to 13th Street south, left on Elm, right on Georgia, property on the right. CrossStreet: Elder Avenue
Source Property Type: Residential Income
Area: 91932 - Imperial Beach
Property Age: 55
Year Built Source: Vendor Enhanced
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
801 B Seacoast Drive #B, Imperial Beach, CA,91932 | $1,800,000 | 2 | 2 | 1,200 | -- |
801 A Seacoast Drive, Imperial Beach, CA,91932 | $1,800,000 | 2 | 2 | 2,020 | -- |
809 Seacoast, Imperial Beach, CA,91932 | $2,500,000 | 3 | 3 | 2,700 | -- |
805 Seacoast, Imperial Beach, CA,91932 | $2,500,000 | 3 | 3 | 2,700 | -- |
803 Seacoast, Imperial Beach, CA,91932 | $2,500,000 | 3 | 3 | 2,100 | -- |
753 13th St, Imperial Beach, CA,91932 | $1,060,000 | 2 | 1 | 840 | 7006 Sqft |
411 8 Th, Imperial Beach, CA,91932 | $1,899,000 | -- | -- | -- | -- |
1100 Seacoast Dr #5, Imperial Beach, CA,91932 | $899,000 | 2 | 2 | 1,344 | 7252 Sqft |
1146 1148 Granger Street, Imperial Beach, CA,91932 | $1,180,000 | -- | -- | 1,697 | 6496 Sqft |
1206 Seacoast Drive #UN.., Imperial Beach, CA,91932 | $2,295,000 | 2 | 3 | 2,528 | 5048 Sqft |
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ByOwner last updated this listing 05/23/2024 @ 02:55
MLS: 240005261SD
LISTED BY: Jamie Tuckey, Compass
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.