Address
221-225 Palm Ave Imperial Beach, CA
Price
$ 5,200,000
Property Attributes
  • MLS#210020574
  • TypeIncome
  • CountySAN DIEGO
  • CityImperial Beach
  • AreaSouth Bay
  • NeighborhoodSouth Bay
  • Zip91932
  • Style
  • Price$ 5,200,000
  • Bedrooms14
  • Full Bathrooms14
  • Half Bathrooms0
  • Sqr Footage11994
  • Lot Size10,503 SqFt
Listing Provided Courtesy Of:
Market Real Estate
Data Source:
San Diego Regional MLS (SDMLS) - 32 - CA
Property Description

Fantastic investment opportunity just 2 blocks from the beach! 6 residential units and 2 commercial units fully rented. Built in 2016, these beautiful, spacious townhomes each have granite countertops, SS appliances, large kitchen islands, laundry, 2-car garage, dual-masters, balconies, large walk-in closets, gated! Located near restaurants, shopping, and steps from the beach! 4 parking spaces for the commercial units. Condo map on file with the county (map #16077) provides a great opportunity! BONUS: confirmed by the City of IB - zoned for short term vacation rental! Opportunities like this don't come around often! Don't wait!

Price History
7/22/2021 Listed $5,800,000
8/2/2021 11% - $5,200,000

General Features

# Of Units (1) 219
# Of Units (2) 221
# Of Units (3) 223
# Of Units (4) 227
# Of Units (5) 229
# Of Units (6) 231
# Of Units (7) 217
# Of Units (8) 225
Construction Stucco
Cooling Central Forced Air Gas
Heating Central Forced Air Gas
Parking Garages, Spaces
Roof Other/Remarks
Sale/rent For Sale
Stories 3 Story
Terms Cash
Total Units 8

Interior Features

# Of Units W/garage 6
Baths in Unit 1 2.75
Baths in Unit 2 2.75
Baths in Unit 3 2.75
Baths in Unit 4 2.75
Baths in Unit 5 2.75
Baths in Unit 6 2.75
Baths in Unit 7 1.0
Baths in Unit 8 1.0
Bedrooms in Unit 1 2
Bedrooms in Unit 2 3
Bedrooms in Unit 3 2
Bedrooms in Unit 4 2
Bedrooms in Unit 5 3
Bedrooms in Unit 6 2
Units w/Dishwashers 6

Exterior Features

Lot Dimensions 105x100
Number of Buildings 2
Total Parking 4

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 91932

Price
AVG $5.2M
$5.2M
Visits
AVG 118
122

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