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$850,000
Est. payment /mo
5 Beds
4 Baths
8,278 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Imperial Beach
MLS Listing ID 260026147
Bedrooms 5
Full Baths 4
Year Built 1943
Lot Size 8,278 Sqft
Property Sub-Type Res Income 2-4 Units
Type of Financing Cash,Conventional
Property Type Res Income 2-4 Units
Property Description
3 Units!!! Motivated Seller! Rare opportunity to own a high income producing investment property with strong cap rate potential. The property consists of two legal units and one additional unit with unknown permit status, for a total of three units.The front unit is a 2 bedroom 1 bathroom approximately 600 square feet. The main unit is a 2 bedroom 2 bathroom approximately 700 square feet and has just been fully remodeled. It is currently vacant and ready for a new tenant at market rent. The rear unit is a 1 bedroom 1 bathroom approximately 300 square feet with permit status unknown.Two units are currently occupied, providing immediate rental income, while the vacant unit offers upside potential for increased cash flow.Zoning allows for up to four units. The seller has already worked with an architect to prepare plans for future expansion, which are available for review.This is an excellent opportunity for investors looking for strong current income with additional development upside.
Location
State CA
County San Diego
Area South Bay
Zoning R-2:MINOR
Interior
Heating Wall/Gravity
Fireplace No
Exterior
Fence Partial
Utilities Available Sewer Connected
View Y/N Yes
Water Access Desc Meter on Property
Roof Type Composition
Building
Story 1
Water Meter on Property
Level or Stories 1
Others
Senior Community No
Tax ID 627-052-07-00
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Ryan Khayamian, DRE#02226223 Bluxen, Inc
Co-listed byFarid Khayamian • Bluxen, Inc
Co-listed byFarid Khayamian • Bluxen, Inc
Nearby School & Business
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