58
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$2,600,000
Est. payment /mo
10 Beds
4 Baths
0.67 Acres Lot
New
1240-70 Holly Avenue Imperial Beach, CA 91932
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID NDP2608136
Bedrooms 10
Lot Size 0.670 Acres
Lot Dimensions 134' x 122' x 1
Property Sub-Type Res Income 2-4 Units
Property Description
12401270 Holly Avenue represents a rare opportunity to acquire a well-maintained, five-unit multifamily asset with meaningful value-add and redevelopment potential in Imperial Beach, San Diegos southernmost coastal community. The property is situated west of Interstate 5 and approximately two miles from the Pacific Ocean, placing it within a rapidly evolving coastal submarket characterized by sustained renter demand, ongoing revitalization, and increasing investor interest. Long-term family ownership and consistent upkeep underscore the stability and pride of ownership inherent in this offering. The asset comprises approximately 5,260 rentable square feet across five detached single-family-style residences, supplemented by a large 516 square foot rear storage structure. The unit mix includes two 2-bedroom/1-bath units of roughly 860 square feet each, two 3-bedroom/1-bath units of approximately 1,008 square feet each, and one 2-bedroom/2-bath unit of approximately 1,524 square feet. All homes are believed to have been constructed circa 1960 and feature both front and rear yards. Four units are equipped with single-car garages, while one unit offers a covered carport, providing ample on-site parking and enhancing tenant convenience. The generous outdoor areas present opportunities for future enhancements that may support increased rental value. The property has been selectively upgraded over time, including interior and exterior painting, new flooring, entry improvements, plumbing and drain line upgrades, replacement of water valves and fixtures, electrical fixture updates wi
Location
State CA
County San Diego
Zoning Appraiser
Direction Please use GPS
Interior
Fireplace No
Exterior
Fence Cross Fencing, Partial
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 6331506200
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Virtual Tour https://booking.hmbdrealestatemarketing.com/124070-Holly-Ave
Listed by Thomas Rico, DRE#01198997 Berkshire Hathaway HomeService
NEARBY SCHOOL & BUSINESS
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