1164-1166 Ivy Lane

    Imperial Beach, CA 91932
    • $2,200,000
    • STATUS: ACTIVE
    • ON SITE: 66 days
    • ID#: 180039690
    UPDATED: 106 min ago
    $2,200,000
    • 0
      BEDS
    • 0.42
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    This 6-unit apartment building conists of 5,546 rentable square feet and is situatied on an 18,000+ foot lot. Features include 11 garages, 4 storge units, 15 open parking spaces. and onsite laundry. Zoning allows for 8 units, allowing develoment potential by removing the front house and building 3 townhomes in its place. The unit mix consists of (1) 4 Bed/3 bath house, (1) 3 bed/2.5 bath, and (4) 2 bed/1 bath units. Garages and storage units rent separtely for added income. Imperial Beach is in high demand! These low maintenance units offer a 5.27 CAP Rate with upside potential. A rare opportunity for the savvy investor or owner/user!

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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.
    www.triolorealty.com/homes/85784419

    1164-1166 Ivy Lane Imperial Beach, CA 91932

    • Price: $2,200,000
    • Status: ACTIVE
    • Updated: 106 min ago
    • ID#: 180039690
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.42
    Acres
    Neighborhood:
    Imperial Beach (91932)
    County:
    San Diego
    Area:
    Imperial Beach (91932)
    Property Description
    This 6-unit apartment building conists of 5,546 rentable square feet and is situatied on an 18,000+ foot lot. Features include 11 garages, 4 storge units, 15 open parking spaces. and onsite laundry. Zoning allows for 8 units, allowing develoment potential by removing the front house and building 3 townhomes in its place. The unit mix consists of (1) 4 Bed/3 bath house, (1) 3 bed/2.5 bath, and (4) 2 bed/1 bath units. Garages and storage units rent separtely for added income. Imperial Beach is in high demand! These low maintenance units offer a 5.27 CAP Rate with upside potential. A rare opportunity for the savvy investor or owner/user!
    Exterior Features

    Construction Stucco Exterior None Lot Dimensions Approx 91X201 Parking GaragesSpaces Parking Spaces Total 26 Roof Composition

    Interior Features

    Baths Unit1 3 Baths Unit2 1 Baths Unit3 1 Baths Unit4 1 Baths Unit5 1 Baths Unit6 2.5 Bedrooms Unit1 4 Bedrooms Unit2 2 Bedrooms Unit3 2 Bedrooms Unit4 2 Bedrooms Unit5 2 Bedrooms Unit6 3 Cooling Other Floor Coverings Other/Remarks Floors Slab Heating Wall Laundry Owned Sq Ft Of Improvement 6512 Stories 2 Story Unit Furnished1 N Unit Furnished2 N Unit Furnished3 N Unit Furnished4 N Unit Furnished5 N Unit Furnished6 N Units With Dishwashers 6 Units With Disposals 6 Units With Ranges 6 Units With Refrigerators 6

    Property Features

    1st Loan Balance 1000000 Actual Cap Rate 5.27 Actual Gas And Electric 2245 Actual Gross Operating Income 139230 Actual Gross Scheduled Income 139230 Actual Maintenance Expense 2980 Actual Operating Expense 23259 Actual Prop Management Self Management Actual Taxes Expense 11702 Inc. in Mortgage Actual Total Expense 23259 Actual Trash Expense 1932 Actual Water Sewer Expense 2600 Assumable Finance 0 Buildings 4 Complex Features None Existing Financing Conventional Financial Information Source Owner Gross Equity 1200000 Gross Multiplier 15.8 Have 6 Units/11 Garages Leased Apartments 6 Mandatory Remarks None Known Market Area South Bay Monthly Rent Total 9660 Motive Want Cash Out Other Income Actual 1965 Mo Gar/Stg/Laundry/W Other Income Amount 23310 Yr Other Income Source Gar/Stg/Ly Present Loan 1000000 Projected Fl Ins Expense 1800 Inc. in Mortgage Short Sale No Sq Ft Source Tax Record Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water Y Terms CashCash To New Loan Unit Rent Total1 2550 Unit Rent Total2 1350 Unit Rent Total3 1595 Unit Rent Total4 1320 Unit Rent Total5 1295 Unit Rent Total6 2195 Unit Rent1 2550 Unit Rent2 1350 Unit Rent3 1595 Unit Rent4 1320 Unit Rent5 1295 Unit Rent6 2195 Unit Type Apartment 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.
     
    Keller Williams - Triolo Realty Group
    12780 High Bluff Drive, Suite 130
    San Diego CA, 92130