$1,955,400
$2,099,900
6.9%For more information regarding the value of a property, please contact us for a free consultation.
306-308 Elm Ave Imperial Beach, CA 91932
8 Beds
4 Baths
Key Details
Sold Price $1,955,400
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision Imperial Beach
MLS Listing ID 230003954
Sold Date 05/15/23
Bedrooms 8
Full Baths 4
Year Built 1951
Property Sub-Type Res Income 2-4 Units
Property Description
Only 2 Blocks from the beach! Situated on the corner of 3rd Street and Elm Avenue, this corner lot totals .27 acres. This sale consists of two parcels being sold together - 306-308 Elm Ave and 861-865 3rd St. The property consists of two duplexes, for a total of four (4) units. Each unit is 2 bedrooms, 1 bath, and approximately 692 square feet. In addition to the 4 units, there are two (2), 2-car detached garages that provide an excellent opprotunity to convert to ADUs, and each unit has its own fenced yard. The units can be upgraded to higher-end finishes, providing over a 40% potential upside in rents. This property offers a rare opportunity to own a large corner lot only 2-blocks from the beach in one of San Diego's most up-and-coming coastal communities.
Location
State CA
County San Diego
Area South Bay
Zoning R-1:SINGLE
Direction From 5 5wy: Exit CA-75/Palm Ave & go West. Turn left onto Palm Ave. Left onto 4th St. Right on Elm. Property is on right.
Interior
Heating Wall/Gravity
Fireplaces Number 1
Fireplace No
Exterior
Fence Partial
Utilities Available Sewer Connected
View Y/N Yes
Water Access Desc Meter on Property
View City
Roof Type Composition
Building
Story 1
Water Meter on Property
Level or Stories 1
Read Less
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Bought with Kate Gillingham Milke Coronado Island Realty
