Photo of Sean Seaman

Sean Seaman

Your Realtor Matters & So Do YOU!

760.855.5700

DRE# 01915950



$4,950,000

  • COMMERCIAL-RES INCOME
  • PENDING
  • MLS# 180038309

Description

***CALL FOR OFFERS - TUESDAY, JULY 17TH @ 5:00PM*** Contact Chris or Nick for further details. We are proud to present for sale the Daisy Avenue Apartments, a 1972 built 18-unit apartment community located in the coastal area of Imperial Beach. The subject property rests on three (3) contiguous parcels totaling 14,317 square feet, less than a block away from the Pacific Ocean. Comprised of six (6) Two-Bedroom/One-Bath units and twelve (12) One-Bedroom/One-Bath units totaling 12,470 rentable square footage, the subject property boasts eighteen (18) off-street parking spaces, a charming front courtyard, and two (2) on-site laundry facilities. Well maintained and managed by long term owners this offering is an ideal for the prudent investor looking to acquire a pride-of-ownership asset in one of San Diego's most up-and-coming coastal communities. The asset's close proximity to the beach allows the investor the opportunity to upgrade units to high end finishes and maximize rental income.

Property Details

Property type:
Commercial-Res Income
Age of Building:
1972
Number of Buildings:
3
Number of Stories:
2
Total Number of Parking Spaces:
18

Location

County:
San Diego

Additional Details

Number of Units:
18
Number of Stories:
2
Total Monthly Rent:
$19,225
Price Per Unit:
$275,000
Down Payment:
$2,475,000
Fiscal Year:
17/18
Gross Equity:
$4,000,000
Assumable Finance:
$2,475,000
Existing Finance:
Conventional
SqFt of Improvement:
12,470
Lot Size:
.25 through .50 Acres
Lot Square Footage:
14,317
Assessors Parcel #:
625-725-05-00
Cooling:
Wall/Window
Heating Equipment:
Wall
Laundry:
Owned
Parking:
Spaces

Unit Details

Unit 1
Number of Units:
12
Number of Bedrooms:
1
Number of Baths:
1
Rent:
$1,075
Unit Rental Total:
$11,825
Unit 2
Number of Units:
6
Number of Bedrooms:
2
Number of Baths:
1
Rent:
$1,233
Unit Rental Total:
$7,400

Features

Floor Coverings:
Tile, Wall to Wall Carpet
Construction Features:
Stucco
Laundry Utilities:
Owned

Listing provided by

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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

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Presented By
Sean
Seaman

DRE# 01915950

760.855.5700

Email Me
Presented By
Sean
Seaman

DRE# 01915950

760.855.5700

Email Me

Willis Allen Real EstateThis information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 Sandicor®, Inc.