Price Reduction
Address
1036-1042 Fern Ave Imperial Beach, CA
Price
$ 2,550,000
Property Attributes
  • MLS#210005121
  • TypePending
  • CountySAN DIEGO
  • CityImperial Beach
  • AreaImperial Beach
  • NeighborhoodImperial Palms
  • Zip91932
  • Style2-4 UNITS
  • Price$ 2,550,000
  • Bedrooms12
  • Full Bathrooms8
  • Half Bathrooms4
  • Sqr Footage6316
  • Lot Size0.5 Acres
Listing Provided Courtesy Of:
Marcus & Millichap
Data Source:
San Diego MLS
Property Description

Pleased to present for sale a newly constructed 4 townhome complex in Imperial Beach, CA. Constructed in 2018, the property rests on an 11,065 SF lot and offers 6,316 of rentable SF. 1036-1042 Fern Ave has a completed condo map, each unit with its own APN and separate utility meters. Each townhome is comprised of spacious 3-Bedroom/2.5-Bathroom floor plans. These townhomes feature master en-suite bathrooms, fenced-in private patios (front unit also has large fenced yard), and attached double car finished garages. Own 100% of the complex with full control and no HOA compliance. There are no HOA fees for this property. This is a rare opportunity for an investor to purchase a high performing asset with multiple exit strategies. Imperial Beach is on the rise with several mixed-use development projects in the works. Emerging as one of San Diego’s most sought-after rental markets, Imperial Beach attracts high quality and reliable tenants. This property is located only a short drive from both the main Naval Amphibious Base Coronado and Naval Special Warfare Center. In addition to the tenants Imperial Beach draws in for its coastal location and unique culture, the Navy only increases demand of quality tenants as most receive housing allowances between $2,000 - $3,800/ month. This asset is poised for long term appreciation and is located on the coast with the investor’s longevity in mind. According to the San Diego Union Tribune, the median price of a house in San Diego could be around $776,000.00 by the end of 2021.

Price History
2/27/2021 Listed $2,595,000
3/18/2021 1% - $2,575,000
4/30/2021 1% - $2,550,000

General Features

CFD/Mello-Roos Fee 0.0
Community IMPERIAL BEACH
Cooling Central Forced Air
Heating Forced Air Unit
Neighborhood Imperial Palms
Other Fees 0.0
Roof Tile/Clay
Sale/rent For Sale
Security N/K
Senior Community Y/N N/K
Site Public Street, West of I-5
Stories 2 Story
Terms Cash, Conventional
Total Units 4
Year Built 2018

Interior Features

# Of Units W/dryers 4
# Of Units W/garage 4
# Of Units W/range/oven 4
# Of Units W/refrigerator 4
# Of Units W/washers 4
Heat Source Natural Gas
Unit 1 # Bedrooms 3
Unit 1 # Of Full Baths 2
Unit 1 # Of Half Baths 1
Unit 1 # Total Baths 3
Unit 1 Estimated Sqft 1579
Unit 1 Laundry Hook Ups Yes
Unit 2 # Bedrooms 3
Unit 2 # Of Full Baths 2
Unit 2 # Total Baths 3
Unit 2 Estimated Sqft 1579
Unit 2 Laundry Hook Ups Yes
Unit 3 # Bedrooms 3
Unit 3 # Of Full Baths 2
Unit 3 # Of Half Baths 1
Unit 3 # Total Baths 3
Unit 3 Estimated Sqft 1579
Unit 3 Laundry Hook Ups Yes
Unit 4 # Bedrooms 3
Unit 4 # Of Full Baths 2
Unit 4 # Of Half Baths 1
Unit 4 # Total Baths 3
Unit 4 Estimated Sqft 1579
Unit 4 Laundry Hook Ups Yes
Units w/Cooling 4
Units w/Dishwashers 4

Exterior Features

Complex/park Imperial Beach
Exterior Stucco
Fencing Partial
Lot Size Area .25 to .5 AC
Number of Buildings 1
Parking Garage Unit 1 Attached
Parking Garage Unit 2 Attached
Parking Garage Unit 3 Attached
Parking Garage Unit 4 Attached
Sewer/Septic Sewer Connected
Unit 1 Exclusive Use Yard Yes
Unit 1 Prkng Garage Space 2
Unit 2 # Of Half Baths 1
Unit 2 Exclusive Use Yard Yes
Unit 2 Prkng Garage Space 2
Unit 3 Exclusive Use Yard Yes
Unit 3 Prkng Garage Space 2
Unit 4 Exclusive Use Yard Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 91932

Price
AVG $810K
$2.55M
Visits
AVG 68
180
Year Built
AVG 1970
2018
Walkscore
AVG 71
66
Data Provided by Walkscore ® not using MLS data

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