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1125 Elder Ave

Imperial Beach, CA 91932
  • $1,300,000
  • STATUS: ACTIVE
  • ON SITE: 30 Days
  • ID#: 240006020
$1,300,000
  • 5
    BEDS
  • 0.15
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,100
    SQFT
  • $619
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1975
County:

School Ratings & Info

Description

Charming duplex nestled in Imperial Beach's residential neighborhood. Located in a serene corner lot within a peaceful residential area, this property offers the best of coastal living just 12 blocks from the iconic Imperial Beach pier. The main house features four bedrooms and two bathrooms, complete with a convenient 2-car garage and driveway. This unit features a fully equipped kitchen, brand new washer and dryer, and central heating. Two gated yard spaces provide plenty of privacy and greenery. As part of the main residence, there is a carve-out, one-bedroom, one-bathroom ADU. This unit features a fully equipped kitchen, a wall heater, a private gated yard, and ample parking space for up to three cars.  Both units showcase tile flooring throughout, fresh paint, and the added benefit of new solar panels, ensuring energy efficiency and cost savings. This property presents an enticing opportunity for investors seeking immediate rental income from both units. Alternatively, it offers a unique prospect for first-time homebuyers to reside in the smaller unit while leasing out the main house to offset mortgage expenses and property upkeep costs. Don't miss out on this versatile and income-generating property, perfectly positioned for coastal living and smart investment strategies.

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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/148761810
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1125 Elder Ave Imperial Beach, CA 91932

  • Price: $1,300,000
  • Status: ACTIVE
  • On Site: 30 Days
  • ID#: 240006020
5
Beds
3
Baths
0
½ Baths
0.15
Acres
2,100
SQFT
$619
$/SQFT
1975
Built
Neighborhood:
Imperial Beach
County:
San Diego
Area:
Imperial Beach (91932)
Property Description
Charming duplex nestled in Imperial Beach's residential neighborhood. Located in a serene corner lot within a peaceful residential area, this property offers the best of coastal living just 12 blocks from the iconic Imperial Beach pier. The main house features four bedrooms and two bathrooms, complete with a convenient 2-car garage and driveway. This unit features a fully equipped kitchen, brand new washer and dryer, and central heating. Two gated yard spaces provide plenty of privacy and greenery. As part of the main residence, there is a carve-out, one-bedroom, one-bathroom ADU. This unit features a fully equipped kitchen, a wall heater, a private gated yard, and ample parking space for up to three cars.  Both units showcase tile flooring throughout, fresh paint, and the added benefit of new solar panels, ensuring energy efficiency and cost savings. This property presents an enticing opportunity for investors seeking immediate rental income from both units. Alternatively, it offers a unique prospect for first-time homebuyers to reside in the smaller unit while leasing out the main house to offset mortgage expenses and property upkeep costs. Don't miss out on this versatile and income-generating property, perfectly positioned for coastal living and smart investment strategies.
Exterior Features

Exterior Stucco Fencing Full Frontage N/K Irrigation N/K Parking For RV None Known Parking Garage Desc Unit2 Attached Parking Garage Spaces Unit1 0 Parking Garage Spaces Unit2 2 Pool N/K Pool Heat None Known Roof Composition Site Alley AccessCorner LotCurbsSidewalksStreet Paved Spa N/K Spa Heat None Known Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 1 Units With Patios 0 View N/K

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Heat Equipment Forced Air UnitWall/Gravity Heat Source Natural Gas Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 2 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 1 Units With Fireplaces 0 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 1 Water Heater Type Gas

Property Features

Actual Cap Rate 0.0 Additional Property Use N/K Age Restrictions N/K Annual Expense Actual 0 Annual Expense Projected 1600 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 Imperial Beach Cross Streets Florida St Gross Rent Multiplier Actual 0.0 Gross Rent Multiplier Project 18.06 Gross Scheduled Income Actual 0 Gross Scheduled Income Project 72000 Home Owners Assoc Fee Includes Cable/TV ServicesElectricityExterior (Landscaping)GasHot WaterRoof MaintenanceSewerTermiteTrash PickupWater Mandatory Remarks None Known Market Area South Bay Miscellaneous N/K Monthly Total Fees 0 Net Operating Income Projected 70400 Other Fee Type N/K Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 5.42 Projected Other Income 0.0 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Telecommunications Cable (coaxial)Wired High Speed Internet Tenant Pays Cable TV Terms Cal VetCashConventionalFHAVA Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Deposit 2100 Unit1 Occupied Vacant Unit1 Projected Rent 2100.0 Unit1 Rent Actual 0.0 Unit2 Deposit 3900 Unit2 Occupied Vacant Unit2 Projected Rent 3900.0 Unit2 Rent Actual 0.0 Water Meter on Property Water District CALIFORNIA AMERICAN Zoning R-3000

San Diego MLS logo Listing provided courtesy of Gregory Dunn of Otay Mesa Realty: 619-794-5555. 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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