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1026-28 Georgia St.

Imperial Beach, CA 91932
  • $1,550,000
  • STATUS: ACTIVE
  • ON SITE: 16 Days
  • ID#: 240024486
Price Reduced
UPDATED: 83 min ago
$1,550,000
  • 6
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,856
    SQFT
  • $543
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1988
County:

School Ratings & Info

Description

Charming Duplex with Income Potential in Imperial Beach 1026-28 Georgia St, Imperial Beach, CA This fully renovated duplex offers a prime investment opportunity in Imperial Beach. Both units, each over 1,400 sq. ft., feature 3 bedrooms, 2.5 bathrooms, and modern finishes, including stainless steel appliances. Renovated in 2022, both units come with in-unit washer/dryer hookups and private, fenced backyards. Each unit has a detached 2-car garage, offering potential for Accessory Dwelling Unit (ADU) conversion to increase income. Currently, the property is tenant-occupied with leases running through 12/31/2024, transitioning to month-to-month thereafter, providing flexibility for a new owner. With low operating expenses and ADU potential, this duplex is ideal for maximizing returns in an evolving market. Buyer can occupy one unit and rent the other! Located close to Coronado and Downtown San Diego, the property provides easy access to beaches, shopping, and dining, enhancing tenant demand. This well-maintained property combines flexible leasing, a central location, and excellent income potential. Reach out today!

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San Diego MLS logo 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/156782689
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1026-28 Georgia St. Imperial Beach, CA 91932

  • Price: $1,550,000
  • Status: ACTIVE
  • On Site: 16 Days
  • Updated: 83 min ago
  • ID#: 240024486
6
Beds
4
Baths
0
½ Baths
N/A
Acres
2,856
SQFT
$543
$/SQFT
1988
Built
Neighborhood:
Imperial Palms
County:
San Diego
Area:
Imperial Beach (91932)
Property Description
Charming Duplex with Income Potential in Imperial Beach 1026-28 Georgia St, Imperial Beach, CA This fully renovated duplex offers a prime investment opportunity in Imperial Beach. Both units, each over 1,400 sq. ft., feature 3 bedrooms, 2.5 bathrooms, and modern finishes, including stainless steel appliances. Renovated in 2022, both units come with in-unit washer/dryer hookups and private, fenced backyards. Each unit has a detached 2-car garage, offering potential for Accessory Dwelling Unit (ADU) conversion to increase income. Currently, the property is tenant-occupied with leases running through 12/31/2024, transitioning to month-to-month thereafter, providing flexibility for a new owner. With low operating expenses and ADU potential, this duplex is ideal for maximizing returns in an evolving market. Buyer can occupy one unit and rent the other! Located close to Coronado and Downtown San Diego, the property provides easy access to beaches, shopping, and dining, enhancing tenant demand. This well-maintained property combines flexible leasing, a central location, and excellent income potential. Reach out today!
Exterior Features

Exterior Stucco Fencing FullGate Frontage N/K Irrigation N/K Parking For RV None Known Parking Garage Desc Unit1 Detached Parking Garage Desc Unit2 Detached Parking Garage Desc Unit3 N/K Parking Garage Desc Unit4 N/K Parking Garage Spaces Unit1 2 Parking Garage Spaces Unit2 2 Parking Non Garage Desc Unit1 None Known Parking Non Garage Desc Unit2 None Known Parking Non Garage Desc Unit3 None Known Parking Non Garage Desc Unit4 None Known Parking Spaces Total Unit1 2.0 Parking Spaces Total Unit2 2.0 Parking Spaces Total Unit3 0.0 Parking Spaces Total Unit4 0.0 Pool N/K Pool Heat None Known Roof Composition Site Public Street Spa N/K Spa Heat None Known Topography Level Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 2 Units With Patios 2 View N/K

Interior Features

Cooling Central Forced Air Furnished Units 0 Half Baths Unit1 1 Half Baths Unit2 1 Heat Equipment Forced Air Unit Heat Source Electric Stories 2 Story Total Baths Unit1 3 Total Baths Unit2 3 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Units With Cooling 2 Units With Dishwashers 2 Units With Dryers 2 Units With Fireplaces 0 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 2 Water Heater Type Gas

Property Features

Actual Cap Rate 5.9 Additional Property Use N/K Age Restrictions N/K Annual Expense Actual 13600 Annual Expense Projected 14000 Association ID San Diego Association of REALTORS (SDAR) Buildings 1 Cfd Mello Roos Fee 0.0 Community IMPERIAL BEACH Complex Features N/K Complex Park N/A Cross Streets Elder Ave Gross Rent Multiplier Actual 13.93 Gross Rent Multiplier Project 17.85 Gross Scheduled Income Actual 84000 Gross Scheduled Income Project 92400 Home Owners Assoc Fee Includes N/K Home Owners Fees 0.0 Mandatory Remarks None Known Market Area South Bay Miscellaneous N/K Monthly Total Fees 0 Net Operating Income Projected 78400 Other Fee Type N/K Other Fees 0.0 Other Income Actual 600 Possession Close of Escrow Projected Cap Rate 4.7 Projected Other Income 1000.0 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Telecommunications N/K Tenant Pays SewerTrashWaterCable TVElectricityGas/Propane Terms CashConventionalFHAVA Unit Number For Unit1 1026 Unit Number For Unit2 1028 Unit1 Deposit 4000 Unit1 Occupied Tenant Unit1 Projected Rent 3850.0 Unit1 Rent Actual 3700.0 Unit2 Deposit 3800 Unit2 Occupied Tenant Unit2 Projected Rent 3850.0 Unit2 Rent Actual 3350.0 Water Meter on Property Zoning R2

San Diego MLS logo Listing provided courtesy of Caden Medina of Arrow Real Estate: 253-973-7852. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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