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Key Details
Sold Price $1,955,400
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 696 sqft
Price per Sqft $2,809
Subdivision Imperial Beach
MLS Listing ID 230003954
Sold Date 05/15/23
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1951
Lot Size 0.265 Acres
Property Description
Only 2 Blocks from the beach! Situated on the corner of 3rd Street and Elm Avenue, this corner lot totals .27 acres. This sale consists of two parcels being sold together - 306-308 Elm Ave and 861-865 3rd St. The property consists of two duplexes, for a total of four (4) units. Each unit is 2 bedrooms, 1 bath, and approximately 692 square feet. In addition to the 4 units, there are two (2), 2-car detached garages that provide an excellent opprotunity to convert to ADUs, and each unit has its own fenced yard. The units can be upgraded to higher-end finishes, providing over a 40% potential upside in rents. This property offers a rare opportunity to own a large corner lot only 2-blocks from the beach in one of San Diego's most up-and-coming coastal communities.
Location
State CA
County San Diego
Community Imperial Beach
Area Imperial Beach (91932)
Zoning R-1:SINGLE
Interior
Heating Electric
Appliance Wall/Gravity
Exterior
Exterior Feature Stucco
Garage Unit1:Assigned, Detached Unit2:Assigned, Detached Unit3:Assigned, Detached Unit4:Assigned, Detached
Garage Spaces 4.0
Fence Partial
View City
Roof Type Composition
Building
Lot Description Corner Lot, Curbs, Public Street, Sidewalks, Street Paved, West of I-5
Story 1
Lot Size Range .25 to .5 AC
Sewer Sewer Connected
Water Meter on Property
Level or Stories 1 Story
Others
Acceptable Financing Cash, Conventional
Space Rent $2,200
Listing Terms Cash, Conventional
Financing Cash
Pets Description Yes
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Kobe Zimmerman
Berkshire Hathaway Home Services California Properties
kobezimmerman@bhhscalifornia.com +1(858) 753-3353Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Kate Gillingham Milke • Coronado Island Realty