Imperial Beach, CA 91932,306-308 Elm Ave
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Imperial Beach, CA 91932,306-308 Elm Ave
Imperial Beach, CA 91932,306-308 Elm Ave
Imperial Beach, CA 91932,306-308 Elm Ave
Imperial Beach, CA 91932,306-308 Elm Ave

$1,955,400

Est. payment /mo

$2,099,900

6.9%
Est.Price: ?

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306-308 Elm Ave Imperial Beach, CA 91932

8 Beds

4 Baths

SOLD DATE : 05/15/2023

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

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MLS Router / San Diego MLS
Listed by Glen Henderson Big Block Realty, Inc.
Bought with Kate Gillingham Milke Coronado Island Realty
Glen Henderson

Glen Henderson

Broker Associate | License ID: 01384181

+1(619) 500-3222

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