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1153-1155 Emory St

Imperial Beach, CA 91932
  • $925,000
  • STATUS: PENDING
  • ON SITE: 29 Days
  • ID#: 210028413
Pending
UPDATED: 18 min ago
$925,000
  • 5
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1979
County:

School Ratings & Info

Description

Incredible investment opportunity in Imperial Beach, just 9 blocks to the sand! This is more than your average, "2-on-a-lot" These are two incredibly spacious HOMES, both with their own one-car-garage, and wrap around outdoor area/patio. Great for entertaining and grilling! The front house features a private entry patio that opens into a generously sized living room with newer flooring installed just 2 years ago. The good sized kitchen includes a breakfast bar and ample room for a large dining table. There are 3 large bedrooms in total with 2 bathrooms. The last bedroom has a bonus area that can be used as an office, nursery, yoga studio, you name it! The space is even large enough to add an extra bedroom - there are so many possibilities! The back house is two stories. Downstairs hosts a large living room, half bath, plus full sized kitchen and dining room. The garage has been converted into it's own bedroom, complete with a full bathroom. Upstairs is another full bathroom and two HUGE bedrooms. The largest bedroom has an attached patio that sits over the entire garage. It has been walled in by the tenants and used as extra storage. There is potential to turn into extra living space, more bedrooms, or keep as a patio. Permits are unknown for the work done in the garage and patio. These beach houses have so much opportunity to be re imagined, OR you can simply keep the tenants in place and enjoy the income property as is. So many possibilities! The time is NOW to invest in IB and this one won't last long!

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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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/123017352
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1153-1155 Emory St Imperial Beach, CA 91932

  • Price: $925,000
  • Status: PENDING
  • On Site: 29 Days
  • Updated: 18 min ago
  • ID#: 210028413
5
Beds
3
Baths
0
½ Baths
N/A
Acres
1979
Built
Neighborhood:
South San Diego Annex
County:
San Diego
Area:
Imperial Beach (91932)
Property Description
Incredible investment opportunity in Imperial Beach, just 9 blocks to the sand! This is more than your average, "2-on-a-lot" These are two incredibly spacious HOMES, both with their own one-car-garage, and wrap around outdoor area/patio. Great for entertaining and grilling! The front house features a private entry patio that opens into a generously sized living room with newer flooring installed just 2 years ago. The good sized kitchen includes a breakfast bar and ample room for a large dining table. There are 3 large bedrooms in total with 2 bathrooms. The last bedroom has a bonus area that can be used as an office, nursery, yoga studio, you name it! The space is even large enough to add an extra bedroom - there are so many possibilities! The back house is two stories. Downstairs hosts a large living room, half bath, plus full sized kitchen and dining room. The garage has been converted into it's own bedroom, complete with a full bathroom. Upstairs is another full bathroom and two HUGE bedrooms. The largest bedroom has an attached patio that sits over the entire garage. It has been walled in by the tenants and used as extra storage. There is potential to turn into extra living space, more bedrooms, or keep as a patio. Permits are unknown for the work done in the garage and patio. These beach houses have so much opportunity to be re imagined, OR you can simply keep the tenants in place and enjoy the income property as is. So many possibilities! The time is NOW to invest in IB and this one won't last long!
Exterior Features

Exterior Wood/Stucco Fencing Partial Roof Composition Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 2 Units With Patios 2

Interior Features

Cooling Wall/Window Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 1 Heat Equipment N/K Stories Other/Remarks Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 0 Units With Refrigerators 0 Units With Washers 0

Property Features

Actual Cap Rate 4.8 Additional Property Use N/K Age Restrictions N/K Annual Expense Actual 5000 Association ID San Diego Association Of Realtors (Sdar) Buildings 2 Cfd Mello Roos Fee 0.0 Community Imperial Beach Complex Features N/K Complex Park None Cross Streets 9th And IB Blvd Gross Rent Multiplier Actual 20.5 Gross Scheduled Income Actual 42600 Mandatory Remarks None Known Market Area South Bay Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays WaterElectricity Terms CashConventional Unit Number For Unit1 1153 Unit Number For Unit2 1155 Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Rent Actual 1925.0 Unit2 Deposit 1000 Unit2 Occupied Tenant Unit2 Rent Actual 1625.0

Listing provided courtesy of Spirit Realty Inc.. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
 
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Neuman & Neuman Real Estate Inc.
516 5th Avenue
San Diego CA, 92101