$1,895,000

1164 Ivy Lane

Imperial Beach CA, 91932

Description

Developers added value, room to add more units. This 6-unit apartment building sits at the end of Ivy Lane. Units consists of 5,542 rentable square feet and is situated on 18,000+ square foot lot. Features include 11 garages, 4 storage units and 15 open parking spaces with on-site laundry. The unit mix consists of (1) 4-bedroom/3 bath house, (1) 3-bedroom/2.5 bath townhome and (4) 2-bedroom/1bath units. Garages and storage units rent separately for added income. Imperial Beach is in high demand, these low maintenance units offer a 6.2 CAP rate and upside potential. This is a great opportunity to own units near the ocean. 3 of the units have yard areas, great mix and easy to rent. See Available brochure. The house is actually a 4 bedroom with a large yard. 2 of the other units have very large yards. Garage doors approx. 3 years old. roofs on the units are less than 4 years old.

Details

MLS#200038610
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusPending
Days On Site113

Features

Units6
ZoningR-2000

Market Activity 91932

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Area Information
StateCA
CountySan Diego
CityImperial Beach
Zip Code91932
Area91932 - Imperial Beach
Listing VS Median (in 91932)
Price:
$1,895,000
low | high
Med:
$720,000
100% of Average
On Site:
113
low | high
Med:
20
100% of Average
Listing Updated: December 1, 2020 10:40:02 PM PST
Gina Barnes LogoMLS Number: 200038610
Listing Provided By:
Gina Barnes  of  Compass
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