111-123 Elkwood Ave, Imperial Beach, CA 91932

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Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

kobezimmerman@bhhscal.com +1(858) 753-3353

$2,500,000

Est. payment - /mo

6,920 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Duplex,Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 250022243

Lot Size 6,920 Sqft

Acres 0.16

Lot Dimensions 75x95

Property Sub-Type Duplex,Triplex

Property Description

150 Steps to the Ocean with Investment Flexibility: "Elkwood Cottages by the Sea" each of the 5 units have their own names. This property presents a remarkable opportunity for those looking to capitalize on the thriving Imperial Beach coastal market. Here are some Potential Uses; 1) Live in this charming single-family craftsman beach home (2000sf removing one kitchen)with three helper rental units. 2) Zoned for vacation rentals without the City of San Diego Short Term Rental Constrictions. (#121 historically was a AIRBNB grossing $7000/month 3) Convert to a mixed use property with commercial on the first floor and condos above. 4) Use it as a commercial space immediately. Large parking lot across the street. Property Overview: Year Built: 1935 with a giant facelift. Walk the tropical walkway w/banana trees between the buildings. 5 total units. The duplex units both have private fenced yards, The Triplex: 3 one bedrooms, A Garage: 1 plus 4 additional parking spaces off the alley. Renovations: Four of the five units have been thoughtfully renovated and professionally landscaped. Directly in the center of downtown Imperial Beach with a large parking lot across the street. No house meters except water.

Location

State CA

County San Diego

Area Imperial Beach (91932)

Zoning C/MU2

Interior

Heating Wall

Cooling Wall/Window

Flooring Vinyl, Wall to Wall Carpet

Laundry Owned

Exterior

Exterior Feature All Auto Sprinklers, Front Sprinklers, Fully Landscaped, Part Fenced, Rear Sprinklers, Wood Fence, Wood Deck

Parking Features Garages, Spaces

Roof Type Composition,Tar & Gravel

Total Parking Spaces 5

Building

Story 2

Lot Size Range .5 through .75 Acres

Others

Acceptable Financing Cash, Cash to New Loan, Submit

Space Rent $141,480

Listing Terms Cash, Cash to New Loan, Submit

Virtual Tour https://www.propertypanorama.com/instaview/snd/250022243

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Listed by Nancy K Nobel • Nobel Prize Properties

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111-123 Elkwood Ave Imperial Beach, CA 91932