1164-1166 Ivy Lane

    Imperial Beach, CA 91932
    • $2,200,000
    • STATUS: ACTIVE
    • ON SITE: 122 days
    • ID#: 180039690
    UPDATED: 73 min ago
    $2,200,000
    • 15
      BEDS
    • 0.41
      ACRES
    • 9
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Great Residential Income Property. Imperial Beach is in high demand. Complex of 6 units sits at the end of Ivy Lane. Private. Property over 18,000+ ft lot. Strong Unit Mix. Just blocks to the high school, community center, library and just over 1 mile to beach. An investor can add value with a creative touch! Sprucing up and adding low maintenance landscaping, fencing, painting the exterior with warm colors and interior cosmetic improvements. The unit mix consists of (1) 4 Bed/3 bath house w/yard, (1) 3 bed/2.5 bath townhouse w/yard, and (4) 2 bed/1 bath units. Includes 11 garages, 4 storage units, 15 open parking spaces and onsite laundry.

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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 © 2018 San Diego MLS, Inc. Licensed in the state of California.
    www.triolorealty.com/homes/85784419

    1164-1166 Ivy Lane Imperial Beach, CA 91932

    • Price: $2,200,000
    • Status: ACTIVE
    • Updated: 73 min ago
    • ID#: 180039690
    15
    Beds
    9
    Baths
    0
    ½ Baths
    0.41
    Acres
    Neighborhood:
    Imperial Beach (91932)
    County:
    San Diego
    Area:
    Imperial Beach (91932)
    Property Description
    Great Residential Income Property. Imperial Beach is in high demand. Complex of 6 units sits at the end of Ivy Lane. Private. Property over 18,000+ ft lot. Strong Unit Mix. Just blocks to the high school, community center, library and just over 1 mile to beach. An investor can add value with a creative touch! Sprucing up and adding low maintenance landscaping, fencing, painting the exterior with warm colors and interior cosmetic improvements. The unit mix consists of (1) 4 Bed/3 bath house w/yard, (1) 3 bed/2.5 bath townhouse w/yard, and (4) 2 bed/1 bath units. Includes 11 garages, 4 storage units, 15 open parking spaces and onsite laundry.
    Exterior Features

    Construction Stucco Exterior No LandscapingPart Fenced Lot Dimensions Approx 91X201 Parking GaragesSpaces Parking Spaces Total 26 Roof CompositionOther/Remarks

    Interior Features

    Cooling Other Floor Coverings Other/Remarks Floors Slab Heating Wall Laundry Owned Sq Ft Of Improvement 5542 Stories 2 Story Unit Furnished1 U Unit Furnished2 U Unit Furnished3 U Unit Furnished4 U Unit Furnished5 U Unit Furnished6 U Units With Dishwashers 6 Units With Disposals 6 Units With Ranges 6 Units With Refrigerators 6

    Property Features

    1st Loan Balance 1000000 Actual Gross Operating Income 137730 Actual Gross Scheduled Income 133920 Actual Operating Expense 23259 Actual Prop Management Self Management Actual Total Expense 23259 Actual Vacancy And Credit Loss 3750 Assumable Finance 0 Buildings 4 Complex Features None Existing Financing Conventional Financial Information Source Owner Gross Equity 1200000 Gross Multiplier 16.43 Have 6 Units/11 Garages Leased Apartments 6 Mandatory Remarks None Known Market Area South Bay Monthly Rent Total 11160 Motive Want Cash Out Other Income Actual 7560 Other Income Amount 7560 Other Income Source Laun/St/Tr Present Loan 1000000 Projected Cap Rate 4.43 Projected Gross Multiplier 15.08 Projected Gross Operating Inc 151693 Projected Gross Scheduled Inc 145872 Projected Net Income 96825 Projected Operating Expense 54868 Projected Other Income 8738 Projected Vacancy And Credit Loss 2917 Short Sale No Special None Sq Ft Source Tax Record Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water Y Terms CashCash To New Loan Unit Number1 1 Unit Number2 1 Unit Number3 1 Unit Number4 1 Unit Number5 1 Unit Number6 1 Unit Rent Total1 2550 Unit Rent Total2 2195 Unit Rent Total3 1395 Unit Rent Total4 1250 Unit Rent Total5 1200 Unit Rent Total6 2195 Unit Rent1 2550 Unit Rent2 2195 Unit Rent3 1395 Unit Rent4 1250 Unit Rent5 1200 Unit Rent6 1250 Unit Type ApartmentTownhouseOther/Remarks Zoning R-2000

    Listing provided courtesy of Ascent Real Estate, Inc.. Listing information © 2018 San Diego MLS, Inc.
    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 © 2018 San Diego MLS, Inc. Licensed in the state of California.
     
    Keller Williams - Triolo Realty Group
    12780 High Bluff Drive, Suite 130
    San Diego CA, 92130