$1,455,000
$1,449,000
0.4%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 08/29/2022
Key Details
Sold Price $1,455,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Imperial Beach
MLS Listing ID 220015190SD
Sold Date 08/29/22
HOA Y/N No
Year Built 1967
Property Description
Appraised above list price! Rare opportunity to buy the ONLY fourplex west of I-5 under $1.5M. 15th St is one of the highest Cap Rate 4-unit properties for sale at this price point in all of San Diego County. Just two miles from the beach and near Navy bases and Amazon's largest warehouse in CA, you can own an ideal apartment in the rapidly growing beach community of Imperial Beach. All units leased mtm and include 2 beds/1 bath, on-site laundry, and a large vacant (potentially buildable) parking lot with 8 off-street spaces and fenced-in yards. Back on market due to previous buyer's personal financial situation causing the loan to fall out after removing appraisal and all inspection contingencies. Take advantage of South Bay's growth and appreciating rental market by buying into an investment property within close proximity to some of the region's most rapidly growing job locations including the Navy's newly built $1B Silver Strand Training Complex, the $1.3B Chula Vista Bayfront Development, and Amazon's new 3 million sqft fulfillment center, the largest in all of California. Large 8-car parking lot and outdoor yards provide potential to possibly add value by constructing garages or additional living units. Buyer and buyer's agent to verify all, including feasibility of adding garages or more units. Unit # for Unit 1: 1484 Unit # for Unit 2: 1486 Unit # for Unit 3: 1488 Unit # for Unit 4: 1490 Number of Furnished Units: 0
Location
State CA
County San Diego
Area 91932 - Imperial Beach
Interior
Heating Natural Gas
Cooling None
Fireplace No
Exterior
Fence Partial
Roof Type Rolled/Hot Mop
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 6332324500
Acceptable Financing Cash, Conventional, Cal Vet Loan, FHA, VA Loan
Listing Terms Cash, Conventional, Cal Vet Loan, FHA, VA Loan
Financing VA
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Bought with Twana Rasoul • Compass
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "