1123 Calla Ave, Imperial Beach, CA 91932

$1,075,000
1
BD
71,059
SqFt
Sold Price
$1,075,000
List Price
$1,315,000
Closing Date
Apr 02, 2017
Days on Market
51
Status
SOLD
MLS#
170007479
Bedrooms
1
Living Sq. Ft
71,059
Lot Size(Range)
4,000-7,499 SF
Lot Size(apprx.)
5,606
Complex/Building Name
N/A
Property Type
Multifamily
Year Built
1989

Property Description

1989 Construction 4-Plex located in the heart of the fast improving Imperial Beach Coastal Community. Four 3BR/2Bath. Historical occupancy close to 100%. Long term ownership has done a great job with maintaining the property but there is a definite opportunity for an investor to update the units to achieve market rents which are above $2,200/month for similar sized 3BR units. Tenants Billed back for 100% of Water Expense in addition to Rents! Tentative Condo Map in Place!!! Please ask listing agent

Additional Information

Actual Income Other
4200
Annual Expense Actual
34369
Building Name
N/A
Cooling
N/K
Financing
Cash
Gross Rent Multiplier Actual
16
Gross Rent Multiplier Project
12
Gross Scheduled Income Actual
79740
Gross Scheduled Income Project
108000
Living Area
71,059
Lot Size
5,606
Lot Size Range
4,000-7,499 SF
Neighborhood
Imperial Beach
Other Income Projected
4200
Roof
Composition
Stories
2 Story
Style
Res Income 2-4 Units
Tenant Pays
Sewer, Water, Electricity
Year Built
1989

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Marcus & Millichap

Selling Office: Marcus & Millichap.