14
See all 14 photos
$3,900,000
Est. payment /mo
2 Beds
1 Bath
7,200 SqFt
Price Dropped by $100K
481 Palm Ave Imperial Beach, CA 91932
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Key Details
Property Type Single Family Home, Condo
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 7,200 sqft
Price per Sqft $541
MLS Listing ID 250024667
Bedrooms 2
Property Sub-Type Com-Res Income
Property Description
Offered for sale is a ten-unit residential income property located in the coastal community of Imperial Beach. This opportunity offers a desirable coastal location, preferred unit mix of all two-bedroom units, upgraded property, rent increase potential, recorded condo map, and attractive assumable financing. Residents enjoy convenient access to the beach, restaurants, shopping and local amenities. The neighborhood is a fun bikeable community with flat surface streets, beach vibes and the Bayshore Bike path that circles San Diego Bay. Imperial Beach is known for surfing and volleyball with a casual beach scene and year-round mild weather. Further, Imperial Beach has enjoyed rapid rent and value appreciation due to the military impact on this submarket. The Navy Seal training center at Silver Strand has expanded, bringing more employment and housing demand in addition to the Naval Outlying Landing Field Imperial Beach and other naval facilities in the submarket. The property offers an easy to maintain income property with many upgrades. The property has vinyl windows, six panel exterior doors, modern texture walls, washer/dryers in unit, individual water heaters, vinyl plank floors, upgraded appliances, granite countertops, 10 parking spaces, and ample off-street parking. The property has a recorded condo map and has increased value sold as condominiums. Finally, there is an existing assumable loan on the property at 3.06% fixed until November of 2026 with monthly interest only payments. Please drive by the property discreetly without disturbing the tenants or management.
Location
State CA
County San Diego
Community Other/Remarks
Area South Bay
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Others
Tax ID 625-241-01-00
Virtual Tour https://www.propertypanorama.com/instaview/snd/250024667
Listed by Ray Adams Ray Adams Investment Real Estate Inc
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