For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $1,955,400
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision Imperial Beach
MLS Listing ID 230003954
Sold Date 05/15/23
Bedrooms 8
Full Baths 4
Year Built 1951
Lot Size 0.265 Acres
Property Sub-Type Res Income 2-4 Units
Type of Financing Cash,Conventional
Property Type Res Income 2-4 Units
Property Description
Only 2 Blocks from the beach! Situated on the corner of 3rd Street and Elm Avenue, this corner lot totals .27 acres. This sale consists of two parcels being sold together - 306-308 Elm Ave and 861-865 3rd St. The property consists of two duplexes, for a total of four (4) units. Each unit is 2 bedrooms, 1 bath, and approximately 692 square feet. In addition to the 4 units, there are two (2), 2-car detached garages that provide an excellent opprotunity to convert to ADUs, and each unit has its own fenced yard. The units can be upgraded to higher-end finishes, providing over a 40% potential upside in rents. This property offers a rare opportunity to own a large corner lot only 2-blocks from the beach in one of San Diego's most up-and-coming coastal communities.
Location
State CA
County San Diego
Area South Bay
Zoning R-1:SINGLE
Direction From 5 5wy: Exit CA-75/Palm Ave & go West. Turn left onto Palm Ave. Left onto 4th St. Right on Elm. Property is on right.
Interior
Heating Wall/Gravity
Fireplaces Number 1
Fireplace No
Exterior
Fence Partial
Utilities Available Sewer Connected
View Y/N Yes
Water Access Desc Meter on Property
View City
Roof Type Composition
Building
Story 1
Water Meter on Property
Level or Stories 1
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP

Bought with Kate Gillingham Milke Coronado Island Realty
Nearby Schools & Businesses
Get More Information

Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
- Homes for Sale in San Diego
- Homes for Sale in Alpine
- Home for Sale in Bay Park
- Homes for Sale in Bonita
- Homes for Sale in Cardiff by the Sea
- Homes for Sale in Chula Vista
- Homes for Sale in Coronado
- Condos for Sale in Coronado Shores
- Condos for Sale in Downtown
- Homes for Sale in El Cajon
- Homes for Sale in Encinitas
- Homes for Sale in Escondido
- Homes for Sale in Fallbrook
- Homes for Sale in Hillcrest
- Homes for Sale in Imperial Beach
- Homes for Sale in La Jolla
- Homes for Sale in Lakeside
- Homes for Sale in Lemon Grove
- Condos for Sale in Little Italy
- Homes for Sale in Mission Beach
- Homes for Sale in Mission Hills
- Homes for Sale in Ocean Beach
- Homes for Sale in Oceanside
- Homes for Sale in Olivenhain
- Homes for Sale in Pacific Beach (PB)
- Homes for Sale in Point Loma
- Homes for Sale in Rolando
- Homes for Sale in San Carlos
- Homes for Sale in San Marcos
- Homes for Sale in Santee
- Homes for Sale in Spring Valley
- Homes for Sale in Tierrasanta
- Homes for Sale in Vista
- Home for Sale in Waterpoint, Point Loma
- Pinnacle Marina Tower



