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Listing Details

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MLS #
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Neighborhood
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Type
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Built
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County
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School Ratings & Info

Description

Great investment opportunity, 1.5 miles to the beach! Long term tenants. Property has two separate units with attached garages in the middle, each unit has outdoor space. Do not disturb the tenants. Seller has a recent appraisal for the full asking price. Tenants are aware of the sale and will be served 60 day notice upon offer acceptance.

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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/119861408
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1351-53 Fern Imperial Beach, CA 91932

  • Price: $830,000
  • Status: ACTIVE
  • Updated: 38 min ago
  • ID#: 210021536
4
Beds
2
Baths
0
½ Baths
N/A
Acres
1,600
SQFT
$519
$/SQFT
1959
Built
Neighborhood:
Imperial Beach Manor
County:
San Diego
Area:
Imperial Beach (91932)
Property Description
Great investment opportunity, 1.5 miles to the beach! Long term tenants. Property has two separate units with attached garages in the middle, each unit has outdoor space. Do not disturb the tenants. Seller has a recent appraisal for the full asking price. Tenants are aware of the sale and will be served 60 day notice upon offer acceptance.
Exterior Features

Exterior Stucco Fencing Partial Parking Garage Desc Unit1 Attached Parking Garage Desc Unit2 Attached Parking Garage Spaces Unit1 1 Parking Garage Spaces Unit2 1 Parking Non Garage Desc Unit1 Uncovered Parking Non Garage Desc Unit2 Uncovered Roof Rolled/Hot Mop Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 2 Units With Patios 2

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Heat Source Natural Gas Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups No Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 0

Property Features

Actual Cap Rate 3.2 Age Restrictions N/K Annual Expense Actual 2750 Annual Expense Projected 2750 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Community Imperial Beach Complex Park None Cross Streets 14th And Fern Gross Rent Multiplier Actual 26.0 Gross Rent Multiplier Project 16.0 Gross Scheduled Income Actual 31260 Gross Scheduled Income Project 50400 Mandatory Remarks None Known Market Area South Bay Monthly Total Fees 0 Net Operating Income Projected 47650 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 5.4 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays ElectricityGas/PropaneHot Water Terms CashConventional Unit1 Deposit 1205 Unit1 Occupied Tenant Unit1 Projected Rent 2100.0 Unit1 Rent Actual 1300.0 Unit2 Deposit 1200 Unit2 Occupied Tenant Unit2 Projected Rent 2100.0 Unit2 Rent Actual 1305.0

Listing provided courtesy of Txr Homes. 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