$2,547,272

  • COMMERCIAL-RES INCOME
  • SOLD
  • MLS# 170000810

Description

IB Villas has recently undergone many improvements to the exterior and interiors of the units. New dual-pane windows throughout the property have just been installed. Great unit mix of 7-2Br/1Ba units and 5-1Br/1Ba units. Effective March 1, 2017 all 1 Bedroom units will be renting for $1,250 and all 2 Bedroom units will be renting for $1,450. The property is gated with secured intercom access. The tenants enjoy an on-site laundry room and spacious BBQ patio area with ivy covered walls. There are 17 on-site parking spaces. The property is 100% occupied.

Property Details

Property type:
Commercial-Res Income
Age of Building:
1960
Number of Buildings:
1
Number of Stories:
2
Total Number of Parking Spaces:
17

Location

County:
San Diego

Additional Details

Number of Units:
12
Number of Leased Apartments:
12
Number of Stories:
2
Total Monthly Rent:
$16,400
Price Per Unit:
$237,500
Down Payment:
$1,150,000
Fiscal Year:
15/16
Gross Equity:
$1,000,000
Existing Finance:
Conventional
SqFt of Improvement:
8,324
Lot Square Footage:
9,000
Assessors Parcel #:
633-022-11-00
Tenant Pays Gas:
Yes
Tenant Pays Electric:
Yes
Units with Ranges:
12
Units with Refrigerator:
12
Exterior:
Metal Fence
Roof:
Rock/Gravel, Tar & Gravel
Laundry:
Leased
Parking:
Spaces

Unit Details

Unit 1
Number of Units:
7
Number of Bedrooms:
2
Number of Baths:
1
Rent:
$1,450
Unit Rental Total:
$10,150
Unit 2
Number of Units:
5
Number of Bedrooms:
1
Number of Baths:
1
Rent:
$1,250
Unit Rental Total:
$6,250

Features

Amenities:
Other/Remarks
Floor Coverings:
Vinyl, Wall to Wall Carpet
Laundry Utilities:
Leased

Listing provided by

Apartment Consultants, Inc.
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Imperial Beach

The most southwestern city in the entire U.S. mainland, Imperial Beach is a residential seaside community of around 28,000 people with one of the youngest median ages in Southern California. Average household income is just under $58,000. There are more than six miles of beaches, including a dog beach and some of the best surfing in the county according to locals. Imperial Beach hosts the... Read More

Presented By
Yvonne
Oberle

CalBRE# 01303501

619.316.3188

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