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1336 Grove Ave

Imperial Beach, CA 91932
  • $1,499,000
  • STATUS: ACTIVE
  • ON SITE: 31 Days
  • ID#: 240011259
Price Reduced
UPDATED: 114 min ago
$1,499,000
  • 6
    BEDS
  • 0.16
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Ib
Type:
Multi-Family
Built:
1952
County:

School Ratings & Info

Description

1336-38 Grove Ave is a luxurious triplex located in the heart of Imperial Beach. This property features a brand-new 2BR/2BA ADU and two fully renovated 2BR/1BA Apartments. Each unit boasts modern styling and amenities, including luxury vinyl plank flooring, custom cabinetry and counter-tops, stainless steel appliances, and an efficient AC/Heat mini-split system. Investors can also generate additional income by renting out two single-car garages and utilizing the extra unused lot area for an additional ADU or RV/boat/trailer storage. This multifamily property presents an incredible opportunity for both investors and homeowners alike.

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San Diego MLS logo 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/150737943
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1336 Grove Ave Imperial Beach, CA 91932

  • Price: $1,499,000
  • Status: ACTIVE
  • On Site: 31 Days
  • Updated: 114 min ago
  • ID#: 240011259
6
Beds
4
Baths
0
½ Baths
0.16
Acres
1952
Built
Neighborhood:
Ib
County:
San Diego
Area:
Imperial Beach (91932)
Property Description
1336-38 Grove Ave is a luxurious triplex located in the heart of Imperial Beach. This property features a brand-new 2BR/2BA ADU and two fully renovated 2BR/1BA Apartments. Each unit boasts modern styling and amenities, including luxury vinyl plank flooring, custom cabinetry and counter-tops, stainless steel appliances, and an efficient AC/Heat mini-split system. Investors can also generate additional income by renting out two single-car garages and utilizing the extra unused lot area for an additional ADU or RV/boat/trailer storage. This multifamily property presents an incredible opportunity for both investors and homeowners alike.
Exterior Features

Exterior Wood/Stucco Fencing Partial Roof Composition Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard No Units With Garages 0 Units With Patios 2

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 2 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Units With Cooling 3 Units With Dishwashers 3 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 0

Property Features

Actual Cap Rate 4.68 Additional Property Use N/K Age Restrictions N/K Annual Expense Actual 47549 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Community IMPERIAL BEACH Complex Park IB Cross Streets Georgia St Gross Rent Multiplier Actual 13.06 Gross Rent Multiplier Project 12.2 Gross Scheduled Income Actual 122400 Gross Scheduled Income Project 131340 Mandatory Remarks None Known Market Area South Bay Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 5.0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays N/K Terms CashConventionalFHAVA Unit Number For Unit1 1336 Unit Number For Unit2 1338 Unit Number For Unit3 2 Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Projected Rent 3250.0 Unit1 Rent Actual 3000.0 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Projected Rent 3250.0 Unit2 Rent Actual 3000.0 Unit3 Deposit 0 Unit3 Occupied Vacant Unit3 Projected Rent 0 Unit3 Rent Actual 0.0

San Diego MLS logo Listing provided courtesy of Adam Cairo of Starker West, Inc.: 619-300-0173. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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