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Alexander Pfleger
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P: 858.483.4687
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1164-1166 Ivy Lane
Imperial Beach, California CA 91932
Price: $2,200,000
ACTIVE Status, Bedrooms, Full Baths
18,096 SqFt , 0.410 Acres
Listing ID # 180039690

Property Description:

Great Residential Income Property. Imperial Beach is in high demand. Complex of 6 units sits at the end of Ivy Lane. Private. Property over 18,000+ ft lot. Strong Unit Mix. Just blocks to the high school, community center, library and just over 1 mile to beach. An investor can add value with a creative touch! Sprucing up and adding low maintenance landscaping, fencing, painting the exterior with warm colors and interior cosmetic improvements. The unit mix consists of (1) 4 Bed/3 bath house w/yard, (1) 3 bed/2.5 bath townhouse w/yard, and (4) 2 bed/1 bath units. Includes 11 garages, 4 storage units, 15 open parking spaces and onsite laundry.

Primary Features

Market Area: South Bay
Short Sale: no
Number of Buildings: 4
Number of Units: 6
Construction: Stucco
Roof: Composition, Other/Remarks
Exterior: No Landscaping, Part Fenced
Amenities: None
Heating: Wall
Cooling: Other
Parking: Garages, Spaces
Parking Spaces Total: 26

Interior Features

Floor Covering: Other/Remarks
Floors: Slab
Number of Baths (1): 3
Number of Baths (2): 2
Number of Baths (3): 1
Number of Baths (4): 1
Number of Baths (5): 1
Number of Baths (6): 1
Number of Bedrooms (1): 4
Number of Bedrooms (2): 3
Number of Bedrooms (3): 2
Number of Bedrooms (4): 2
Number of Bedrooms (5): 2
Number of Bedrooms (6): 2
Stories: 2 Story
Unit Furnished (1): U
Unit Furnished (2): U
Unit Furnished (3): U
Unit Furnished (4): U
Unit Furnished (5): U
Unit Furnished (6): U

External Features

Entry Only: No
Lot Dimensions Approx: 91x201
Lot Size: .25 through .50 Acres

Location Information

Zip/Area: IMPERIAL BEACH (91932)
Zoning: R-2000

Financial Details

Actual Gross Oper Income: 137730
Actual Gross Scheduled Income: 133920
Actual Operating Expense: 23259
Actual Other Income: 7560
Actual Property Management Expense: self management
Actual Total Expense: 23259
Actual Vacancy & Credit Loss: 3750
Assessors Parcel Number: 632-122-36-00
Cap Rate Projected: 4.43
Gross Equity: 1200000
Gross Multiplier: 16.43
Monthly Rent Total: 11160
Other Income Amount: 7560
Price/Unit: 367000
Projected Gross Multiplier: 15.08
Projected Gross Operating Income: 151693
Projected Gross Scheduled Income: 145872
Projected Net Income: 96825
Projected Operating Expense: 54868
Projected Other Income: 8738
Projected Vacancy & Credit Los: 2917
Sale/Rent: For Sale
Tenant Pays Electric: y
Tenant Pays Gas: y
Tenant Pays Water: y
Terms: Cash, Cash to New Loan
Unit Rent (1): 2550
Unit Rent (2): 2195
Unit Rent (3): 1395
Unit Rent (4): 1250
Unit Rent (5): 1200
Unit Rent (6): 1250
Unit Rent Total (1): 2550
Unit Rent Total (2): 2195
Unit Rent Total (3): 1395
Unit Rent Total (4): 1250
Unit Rent Total (5): 1200
Unit Rent Total (6): 2195

Additional

Age: 1980
Association ID: San Diego Association of REALTORS (SDAR)
Financial Info Source: Owner
Have: 6 units/11 garages
Laundry: Owned
Mandatory Remarks: None Known
Number of Leased Apartments: 6
Number of Stories: 2
Number of Units (1): 1
Number of Units (2): 1
Number of Units (3): 1
Number of Units (4): 1
Number of Units (5): 1
Number of Units (6): 1
Number of Units w/Disposals: 6
Number of Units w/Ranges: 6
Number of Units w/Refrigerator: 6
Number Units w/Dishwashers: 6
Other Income Source: Laun/St/Tr
Sales Restrictions: N/K
Special: None
SqFt of Improvement: 5542
SqFt Source: Tax Record
Unit Type: Apartment, Townhouse, Other/Remarks

Zoning Info


Listing courtesy of Ascent Real Estate, Inc.
©2019 Sandicor, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from San Diego Multiple Listing Service (SDMLS). The information being provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data updated on Monday, February 18th, 2019 08:10:21 AM.

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Office: 858-483-4687 | Cell: 619-339-7334 | Email: [email protected] | CA BRE #01043581 | NMLS# 373603

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