$1,955,400
$2,099,900
6.9%For more information regarding the value of a property, please contact us for a free consultation.
0.26 Acres Lot
SOLD DATE : 05/15/2023
Key Details
Sold Price $1,955,400
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Imperial Beach
MLS Listing ID 230003954SD
Sold Date 05/15/23
HOA Y/N No
Year Built 1951
Lot Size 0.265 Acres
Property Description
Only 2 Blocks from the beach! Situated on the corner of 3rd Street and Elm Avenue, this corner lot totals .27 acres. This sale consists of two parcels being sold together - 306-308 Elm Ave and 861-865 3rd St. The property consists of two duplexes, for a total of four (4) units. Each unit is 2 bedrooms, 1 bath, and approximately 692 square feet. In addition to the 4 units, there are two (2), 2-car detached garages that provide an excellent opprotunity to convert to ADUs, and each unit has its own fenced yard. The units can be upgraded to higher-end finishes, providing over a 40% potential upside in rents. This property offers a rare opportunity to own a large corner lot only 2-blocks from the beach in one of San Diego's most up-and-coming coastal communities.
Location
State CA
County San Diego
Area 91932 - Imperial Beach
Zoning R-1:SINGLE
Interior
Heating Electric
Cooling None
Fireplace No
Appliance Gas Water Heater
Exterior
Fence Partial
Pool None
Roof Type Composition
Private Pool No
Building
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 6252932300
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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Bought with Kate Gillingham Milke • Coronado Island Realty
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "