OUR AGENTS' LISTINGS

1164-66 Ivy Lane
South Bay Imperial Beach 91932

$2,100,000 /350000.0
Com-Res Income 18,096 sq. ft. built: 59

Main Photo: Property for sale: 1164-66 Ivy Lane in Imperial Beach
Photo 1: Property for sale: 1164-66 Ivy Lane in Imperial Beach
Photo 2: Property for sale: 1164-66 Ivy Lane in Imperial Beach
Photo 3: Property for sale: 1164-66 Ivy Lane in Imperial Beach
Photo 4: Property for sale: 1164-66 Ivy Lane in Imperial Beach
Photo 5: Property for sale: 1164-66 Ivy Lane in Imperial Beach
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Photo 15: Property for sale: 1164-66 Ivy Lane in Imperial Beach
Status:
Active
Prop. Type:
Com-Res Income
MLS® Num:
200001236
Year Built:
59
Developers added value, room to add more units. This 6-unit apartment building sits at the end of Ivy Lane. Units consists of 5,542 rentable square feet and is situated on 18,000+ square foot lot. Features include 11 garages, 4 storage units and 15 open parking spaces with on-site laundry. The unit mix consists of (1) 4-bedroom/3 bath house, (1) 3-bedroom/2.5 bath townhome and (4) 2-bedroom/1bath units. Garages and storage units rent separately for added income. Imperial Beach is in high demand, these low maintenance units offer a 4.55 CAP rate and upside potential. This is a great opportunity to own units near the ocean at this price and cap rate. 3 of the units have yard areas, great mix and easy to rent. See Available brochure.
Rental Amount:
11835
Price Per Unit:
350000.0
Total Floor Area:
18,096 sq. ft.
Lot Size Commercial:
.25 Acres or less
Lot Details:
91x201
County:
San Diego
Market Area:
South Bay
Number of Buildings:
4
Number of Units:
6
Stories:
1 Story, 2 Story
Num Stories:
2
Unit Type:
Apartment, Other/Remarks
Year Built:
59
Gross Multiplier:
14.44
Gross scheduled income:
145440
Other income source:
Laundry Wr
Other income:
145,440
Gas / Electric expense:
2776
Maintainance expense:
2980
Taxes expense:
11702
Trash expense:
1932
Operating expense:
46616
Water/Sewer expense:
2820
Vacancy & Credit Loss:
3636.0
Projected Gross Multiplier:
13.95
Projected gross scheduled income:
179124
Projected taxes expense:
23465
Gross equity:
1200000
Motive / Want:
Exchange
Financial Information Source:
Owner
Existing Financing:
Conventional
Present Loan:
1000000
Located at the end of Ivy Lane off Imperial Beach Blvd.
Short Sale:
No
Listing Type:
Exclusive Right (R)
Exterior Finish:
Wood Fence
Parking:
Garages, Spaces
Total Parking Spaces:
26
Heating:
Other/Remarks
Laundry:
Owned
Construction Material:
Stucco
Roof:
Composition
Terms:
Cash, Cash to New Loan
Number of Units with Dishwashers:
6
Number of Units with Disposals:
6
Number of Units with Drapes:
0
Number of Units with Range/Oven:
6
Number of Units with Refrigerators:
6
Number of Leased Appartments:
6
Zoning:
R-2000
Parcel Number:
632-122-36-00
Number of Units in Unit 1:
1
Unit 1 Furnished:
n
Total Rent for Unit 1:
2495.0
Bedrooms for Unit 1:
4
Bathroom 1:
3
Number of Units in Unit 2:
1
Unit 2 Furnished:
n
Total Rent for Unit 2:
2195.0
Bedrooms for Unit 2:
3
Bathroom 2:
2.5
Number of Units in Unit 3:
1
Unit 3 Furnished:
n
Total Rent for Unit 3:
1500.0
Bedrooms for Unit 3:
2
Bathroom 3:
1
Number of Units in Unit 4:
1
Unit 4 Furnished:
n
Total Rent for Unit 4:
1295.0
Bedrooms for Unit 4:
2
Bathroom 4:
1
Number of Units in Unit 5:
1
Unit 5 Furnished:
n
Total Rent for Unit 5:
1395.0
Bedrooms for Unit 5:
2
Bathroom 5:
1
Number of Units in Unit 6:
1
Unit 6 Furnished:
n
Total Rent for Unit 6:
1550.0
Bedrooms for Unit 6:
2
Bathroom 6:
1
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Larger map options:
Data was last updated April 5, 2020 at 09:10 PM (UTC)
Area Statistics
Listings on market:
21
Avg list price:
$2,100,000
Min list price:
$850,000
Max list price:
$8,884,500
Avg days on market:
73
Min days on market:
19
Max days on market:
433
Avg price per sq.ft.:
$190.54
These statistics are generated based on the current listing's property type and located in South Bay. Average values are derived using median calculations.