944 Georgia Street

944 Georgia Street

Imperial Beach, CA 91932

$975,000
Price
5
Beds
3
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Listed By Compass

Listed By Compass

a front view of a house with a yard and potted plants
a front view of a house with garden
a view of a house with a yard
a view of a backyard with a garden
a view of a house with backyard and sitting area
a view of a house with a yard
a living room with furniture
a living room with furniture and a large window
a living room with furniture and a large window
a living room with furniture and a large window
a living room with furniture and a flat screen tv
a bedroom with a bed and a desk
a bathroom with a sink and mirror
a bed sitting in a bedroom next to a window
a bedroom with a bed furniture and a flat screen tv
a room with furniture a rug and a window
a storage room with washer and dryer
a view of a house with a yard next to a road
a front view of a house with a garden
a view of a house with a yard
a view of swimming pool with sitting area
a view of an empty room with stairs
a view of a chairs in kitchen and a window
a bathroom with a sink a toilet and shower curtain
a bathroom with a toilet sink and shower curtain
a living room with furniture a fireplace and a flat screen tv
a living room with furniture and a fireplace
a living room with furniture and a fireplace
a living room with furniture a fireplace and a flat screen tv
a kitchen with a sink cabinets and window
a kitchen with a sink stove and cabinets
a room with furniture and a window
a view of entryway and hall with wooden floor
a view of a hallway with wooden floor and entryway
a living room with furniture and a couch
a bathroom with a shower
a bedroom with a bed and a dresser
a bedroom with a large bed and a window
a view of swimming pool from a balcony
a view of a street
a bedroom with a bed and a closet with chair
a bedroom with a bed and a desk
a bed room with a bed and a closet
a bathroom with a sink and a mirror
a view of a house with backyard sitting area and garden
a view of a patio with table and chairs potted plants and large tree
a view of a backyard with plants and a table and chairs
a view of an house with backyard space and balcony
a backyard of a house with potted plants and wooden fence
a view of a backyard with a tub and wooden fence

Description

Fantastic opportunity to add value, build equity and enjoy cashflow OR to develop (by way of condo mapping) and sell each unit separately (recent converted units in east IB have sold in the 700's to 900's). Sellers are open to cooperating with the buyer's loan buy-down scenarios! This property sits on a 8550sqft R-3000 lot and offers 2 units that make up 2460 livable square feet. Up front is a 2BD/1BA (approx. 800 sqft) with its own 750sqft front yard and a 360sqft attached single car garage; and...Fantastic opportunity to add value, build equity and enjoy cashflow OR to develop (by way of condo mapping) and sell each unit separately (recent converted units in east IB have sold in the 700's to 900's). Sellers are open to cooperating with the buyer's loan buy-down scenarios! This property sits on a 8550sqft R-3000 lot and offers 2 units that make up 2460 livable square feet. Up front is a 2BD/1BA (approx. 800 sqft) with its own 750sqft front yard and a 360sqft attached single car garage; and in the back is a two-story 3BD/2BA (approx 1660sqft) with dual-pane windows, an optional 4th bedroom downstairs, a fireplace, a 275sqft private front patio, a 150sqft shed with windows and loft, mature shady trees, and a 1200+sqft back yard with pavers, planters and a porch. Each unit has its own separate utilities (water, gas, and electric). Plenty of off-street parking on the lot. The lot perimeter is fully fenced/walled and sits well above street grade thanks to a nice retaining wall and walkway entry in the front of the lot. Front unit tenants vacate April 30th and rear unit tenants are leased until January 2025. Current rents received are under market (see financials). Lath and plaster was found in the back of the rear unit: it is an older build year that needs works but is still in rentable condition. Inspections from previous escrow are available - please contact agent. See documents section for termite report. Title opened, prelim in hand. Priced to sell.

Listing Agent

  1. Jamie Tuckey

    Jamie Tuckey

    Listing Agent

    Compass

    DRE #01942190

    CallTextEmail

Property Details for 944 Georgia Street

Cross Streets
Elder Avenue
Source Living Area
Assessor
Area
Imperial Beach (IMB)
Lot Size Area
8550
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly
Assessor Parcel Number
627-131-12-00

Location

Listing Courtesy of Compass, Jamie Tuckey, DRE #01942190
Add your commute
LISTING UPDATED: 04/26/2024 03:55 PM

Property Details for 944 Georgia Street

StatusActive
MLS #240005261SD
Days on Market27
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1969
Lot Size0.20 AC / 8,550 SF
CountySan Diego County

Location

Listing Courtesy of Compass, Jamie Tuckey, DRE #01942190
Add your commute

Building Information for 944 Georgia Street

Stories2Residences-Year Built1969Building Size-Lot Size0.20 AC / 8,550 SF

Payment Calculator

$5,321 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,321

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 944 Georgia Street

Community / Development
Community / Development
  • Complex Name: n/k
  • Number Of Units: 2
  • Builders Tract Name: Imperial Beach
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 2
  • View: No
  • Security Features: None
  • Water: Meter on Property
  • Sewer: Sewer Connected
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $47,700.00
  • Gross Scheduled Income: $49,800
  • Cap Rate: 4.70%
  • Gross Rent Multiplier: $20.12
  • Other Income1: $.00
  • Total Annual Expense: 2100
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
  • Lot Acreage: 0.2
  • Lot Size Dimensions: 58x150
Parking Details
Parking Details
  • Parking Garage: Garage, On-Site Parking, Rv Garage
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: None
  • Heating Type: Forced Air, Natural Gas, Wall
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Composition
  • Fence: Full
  • Sprinklers: Automatic
Lease Terms
Lease Terms
  • Listing Terms: Cash, Conventional, VA
  • Tenant Pays: Cable TV, Electricity, Gas/Propane, Sewer, Water
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $1,500.00
  • Unit Actual Rent: $1,500.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Rent: $2,650.00
  • Unit Actual Rent: $2,650.00
  • Unit Projected Rent: $3,800.00
  • Like Units: 1

Property History for 944 Georgia Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 944 Georgia Street

This home is within Sweetwater Union High School District.
Rating
School
Type
Grades
Distance
Central Elementary School
Public - K to 6
Mar Vista Academy
Public - 7 to 8
Mar Vista Senior High School
Public - 9 to 12
Sweetwater Community Day School
Public - 7 to 10
Rating
School
Distance
Central Elementary School
PublicK to 6

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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More information about 944 Georgia Street, Imperial Beach, CA 91932

944 Georgia Street is a multi-family home for sale in Imperial Beach, CA 91932. This property was listed for sale on March 6, 2024 by Compass, it's currently listed at $975,000. This listing's school districts are Sweetwater Union High School District, South Bay Union School District. Nearby schools include Central Elementary School, Mar Vista Academy and Mar Vista Senior High School. 944 Georgia Street is a 5-bed, 3-bath, multi-family home built in 1969.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Jamie Tuckey, DRE #01942190

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