204 Evergreen Ave - Apartments FOR SALE


Imperial Beach, CA 91932
$1,499,000 USD
619-776-2681
204 Evergreen Ave, Imperial Beach, CA for Sale
$1,499,000 USD
Apartments - FOR SALE
1/22
null | 4.41% Cap Rate

204 Evergreen Ave
Imperial Beach, CA 91932


HIGHLIGHTS

  • Proximity to beach
  • Garage ADU potential
  • Driveway and off street parking
  • Walking distance to public transportation, shops, and restaurants
  • Value add & upside in rental income

OVERVIEW

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 single-family residence, alongside a 2-story 1BD/1BA unit and a studio unit – offering a desirable mix of rental opportunities. 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. Flexible Living Arrangements: Perfect for owner-occupants, live in one unit and rent out the other two as vacation or long-term rentals. 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.

FOR SALE DETAILS

PRICE

$1,499,000 USD

PRICE/SF

$714 USD /SF

# OF UNITS

3

PRICE/UNIT

$499,667

CAP RATE

4.41%

% LEASED

66%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3 on Evergreen

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,771 SF

ZONING

-

APN/PARCEL ID

625-361-23-00

ASK ABOUT THIS PROPERTY

Eric LoweStarker West, IncMore Info
619-776-2681

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Eric LoweStarker West, IncMore Info
619-776-2681

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.