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    1164 Ivy Lane

    Imperial Beach, CA 91932
    • $1,895,000
    • STATUS: Active
    • ON SITE: 48 days
    • ID#: 200038610
    UPDATED: 41 min ago
    $1,895,000
    • 0
      BEDS
    • 0.42
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    County:

    School Ratings & Info

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-30T14:33:11.787. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.

    www.americanrealestatehomes.com/homes/108788778
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    1164 Ivy Lane Imperial Beach, CA 91932

    • Price: $1,895,000
    • Status: Active
    • Updated: 41 min ago
    • ID#: 200038610
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.42
    Acres
    County:
    San Diego
    Property 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.
    Exterior Features

    Construction Materials Stucco Lot Size Dimensions 91X201 Lot Size Units Square Feet Roof Composition

    Interior Features

    Heating See Remarks Heating YN Yes

    Property Features

    Cap Rate 6.20 Country Us Gross Scheduled Income 149734.00 Maintenance Expense 2980.00 Operating Expense 32662.00 Other Income1 1590.00 Property Sub Type Commercial/Residential Total Monthly Rent 11110 Trash Expense 1932.00 Water Sewer Expense 2820.00 Zoning R-2000

    Listing provided courtesy of Gina Barnes of Compass


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-30T14:33:11.787. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.

     
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