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$1,499,000

Beds
3
Baths
3.0
sq ft
2,100

204 Evergreen Ave, Imperial Beach, CA 91932

204 Evergreen Ave

Imperial Beach, CA 91932

  • 105 days on market
    • Price drop $50,000↓
PRICE IMPROVEMENT -- Discover a rare chance to own a prime multifamily property just steps from the ocean in Imperial Beach. This versatile asset features a well-appointed 2BD/1BA house, alongside a 2-story building that contains a 1BD/1BA unit on the first floor and a studio unit on the second floor – offering a desirable mix of rental opportunities. All three units have access to a common area washer and dryer. Situated at the corner of Evergreen Ave. and 2nd Street, this property is a straight shot to the iconic Imperial Beach pier, with shops and restaurants just a short walk away. Perfect for owner-occupants: live in one unit and rent out the other two. Each building boasts its own detached garage, offering additional storage or the potential for ADU conversions to expand your investment. Positioned for significant rental income growth, thanks to its unbeatable proximity to the beach, vibrant dining, shopping, and an array of coastal activities. Don't miss out on this rare opportunity to invest in a property that seamlessly blends immediate rental income with the coveted beachside lifestyle.

Details

Property type

Lot size

4,770 sq ft

Price per sq ft

$714

Year built

1965

Price History

12/07/2024
SanDiego

SanDiego #240021357

Price change
$1,499,000
-3.23%
09/09/2024
SanDiego

SanDiego #240021357

Listed
$1,549,000
-13.94%
03/01/2024
CRMLS

CRMLS #PTP2302149

Removed
$1,799,900

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Anchor Funding Inc

Loan start date

August 2016

Original loan amount

$350,000

Est. remaining balance

Not provided

Interest rate

3.41%

Loan type

Commercial, 30 year

Seller

Michael D Sandvig and Deborah J Sandvig

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/23/2024 at 11:15 AM

Listing updated: 12/07/2024 at 7:46 AM

Listed by: Eric Lowe, Starker West, Inc. Phone #: (858) 867-3732

MLS: SanDiego #240021357

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