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1354 Iris

Imperial Beach, CA 91932
  • $2,520,000
  • STATUS: ACTIVE
  • ON SITE: 47 Days
  • ID#: 210029081
Price Reduced
UPDATED: 31 min ago
$2,520,000
  • 4
    BEDS
  • 0.23
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

The units are in the vibrant up and coming beach area. It's close proximity to Navy base. The Imperial Beach has been in transition in the past years. The area is very hot for new construction and development activity. The units are stable one bedroom and one bath units with excellent income stream.

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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/122516133
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1354 Iris Imperial Beach, CA 91932

  • Price: $2,520,000
  • Status: ACTIVE
  • On Site: 47 Days
  • Updated: 31 min ago
  • ID#: 210029081
4
Beds
4
Baths
0
½ Baths
0.23
Acres
Neighborhood:
Imperial Beach (91932)
County:
San Diego
Area:
Imperial Beach (91932)
Property Description
The units are in the vibrant up and coming beach area. It's close proximity to Navy base. The Imperial Beach has been in transition in the past years. The area is very hot for new construction and development activity. The units are stable one bedroom and one bath units with excellent income stream.
Exterior Features

Carports 0 Construction DrywallStucco Exterior Cable Available Parking Spaces Parking Spaces Total 1 Units With Garages 0

Interior Features

Cooling None Floor Coverings Vinyl Laundry Owned Sq Ft Of Improvement 4218 Stories 2 Story Unit Furnished1 No Unit Furnished2 No Unit Furnished3 No Unit Furnished4 No Units With Disposals 8 Units With Ranges 8

Property Features

Actual Cap Rate 4.15 Actual Gas And Electric 100 Actual Gross Scheduled Income 145020.0 Actual Maintenance Expense 4474 Actual Operating Expense 36000 Actual Taxes Expense 14915 Actual Trash Expense 170 Actual Vacancy And Credit Loss 4350 Actual Water Sewer Expense 200 Assumable Finance 0 Buildings 1 Complex Features None Existing Financing Conventional Financial Information Source Limited Info Fiscal Year From 21 Fiscal Year To 21 Gross Equity 1520000 Gross Multiplier 17.3 Have 8 Beach Units Leased Apartments 8 Mandatory Remarks None Known Market Area South Bay Monthly Rent Total 11885 Motive Want Sell Other Income Amount 200 Other Income Source Laundry Short Sale No Sq Ft Source Tax Record Terms CashCash To New Loan Unit Number1 4 Unit Number2 1 Unit Number3 2 Unit Number4 1 Unit Rent Total1 5720 Unit Rent Total10 11885 Unit Rent Total2 1525 Unit Rent Total3 3050 Unit Rent Total4 1675 Unit Rent1 1430 Unit Rent2 1440 Unit Rent3 1525 Unit Rent4 1675

Listing provided courtesy of Tayyar C. Egilmez. 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