306 Elm Avenue

Imperial Beach, CA 91932

$1,955,400
Last Sold Price
8
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Only 2 Blocks from the beach! Situated on the corner of 3rd Street and Elm Avenue, this corner lot totals .27 acres. This sale consists of two parcels being sold together - 306-308 Elm Ave and 861-865 3rd St. The property consists of two duplexes, for a total of four (4) units. Each unit is 2 bedrooms, 1 bath, and approximately 692 square feet. In addition to the 4 units, there are two (2), 2-car detached garages that provide an excellent opprotunity to convert to ADUs, and each unit has its own...Only 2 Blocks from the beach! Situated on the corner of 3rd Street and Elm Avenue, this corner lot totals .27 acres. This sale consists of two parcels being sold together - 306-308 Elm Ave and 861-865 3rd St. The property consists of two duplexes, for a total of four (4) units. Each unit is 2 bedrooms, 1 bath, and approximately 692 square feet. In addition to the 4 units, there are two (2), 2-car detached garages that provide an excellent opprotunity to convert to ADUs, and each unit has its own fenced yard. The units can be upgraded to higher-end finishes, providing over a 40% potential upside in rents. This property offers a rare opportunity to own a large corner lot only 2-blocks from the beach in one of San Diego's most up-and-coming coastal communities.
  1. Listed by Glen Henderson • DRE #01384181 • Brokerage DRE #01981341 • Big Block Realty, Inc.

Property Details for 306 Elm Avenue

Zoning
R-1:SINGLE
Cross Streets
3rd Street
Source Living Area
Assessor
Area
Imperial Beach (IMB)
Lot Size Area
11531
Home owner Dues
$0
HOA Fee Frequency 1
N/K
HOA Fee 2
$0
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LISTING UPDATED: 05/16/2023 04:55 PM

Property Details for 306 Elm Avenue

StatusSold
MLS #230003954SD
Days on Market28
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1951
Lot Size0.26 AC / 11,531 SF
CountySan Diego County
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Building Information for 306 Elm Avenue

Stories1Residences-Year Built1951Building Size-Lot Size0.26 AC / 11,531 SF

Payment Calculator

$10,671 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,671

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 306 Elm Avenue

Community / Development
Community / Development
  • Complex Name: N/A
  • Number Of Units: 4
  • Pets Allowed: Yes
  • Amenities: None
  • Association Fees Include: N/K
  • Builders Tract Name: Imperial Beach
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 1
  • View: Yes
  • View Description: City
  • Security Features: None
  • Water: Meter on Property
  • Sewer: Sewer Connected
  • Water Heater Features: Gas
  • Water District: CALIFORNIA AMERICAN
Contract Info
Contract Info
  • Financing: Cash
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $58,396.00
  • Gross Scheduled Income: $88,200
  • Cap Rate: 3.50%
  • Gross Rent Multiplier: $27.20
  • Other Income1: $.00
  • Total Annual Expense: 10473
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
  • Lot Acreage: 0.27
  • Lot Description: Curbs, Sidewalks, Street Paved, West of I-5
  • Lot Location: Corner Lot
  • Assessments: None
Parking Details
Parking Details
  • Parking Garage: None, None Known
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: None
  • Heating Type: Electric, Wall
Exterior Features
Exterior Features
  • Pool: No
  • Pool Description: None
  • Spa: No
  • Roof: Composition
  • Fence: Partial
Lease Terms
Lease Terms
  • Listing Terms: Cash, Conventional
  • Tenant Pays: Electricity, Gas/Propane
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $2,200.00
  • Unit Actual Rent: $2,200.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $1,700.00
  • Unit Actual Rent: $1,700.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $1,850.00
  • Unit Actual Rent: $1,850.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $1,600.00
  • Unit Actual Rent: $1,600.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 1

Property History for 306 Elm Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 306 Elm Avenue

This home is within Sweetwater Union High School District.
Rating
School
Type
Grades
Distance
Charter - K to 8
Public - 7 to 8
Public - 9 to 12
Public - 7 to 10
Rating
School
Distance
Imperial Beach Charter School
CharterK to 8

Mar Vista Academy
Public7 to 8

Mar Vista Senior High School
Public9 to 12

Sweetwater Community Day School
Public7 to 10

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Big Block Realty, Inc., Glen Henderson, DRE #01384181

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