981 Elder Avenue

Imperial Beach, CA 91932

$800,000
Price
4
Beds
2
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

981-83 Elder Ave is a 2 unit property with 2 x 2 bed/1 bath units in Imperial Beach. The property is on a large corner lot that is 7,000 SF and both units have ample yard space and each have 1 garage. This is property is a value add opportunity that you don't want to miss. There is a tenant that is currently not paying rent in unit 983 and the other tenant is MTM at $1800 per month.981-83 Elder Ave is a 2 unit property with 2 x 2 bed/1 bath units in Imperial Beach. The property is on a large corner lot that is 7,000 SF and both units have ample yard space and each have 1 garage. This is property is a value add opportunity that you don't want to miss. There is a tenant that is currently not paying rent in unit 983 and the other tenant is MTM at $1800 per month.
  1. Listed by Jason Lee • DRE #02068011 • Brokerage DRE #02068011 • JLM Real Estate Inc.
  2. Listed by Ryan Merriken • DRE #02147674 • Brokerage DRE #02068011 • JLM Real Estate Inc.

Property Details for 981 Elder Avenue

Cross Streets
Elder Ave and 10th St
Source Living Area
Assessor
Area
Imperial Beach (IMB)
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly
Assessor Parcel Number
626-481-19-00

Location

Listing Courtesy of JLM Real Estate Inc., Jason Lee, DRE #02068011; JLM Real Estate Inc., Ryan Merriken, DRE #02147674
Add your commute
LISTING UPDATED: 05/23/2024 06:57 PM

Property Details for 981 Elder Avenue

StatusPending
MLS #240011366SD
Days on Market2
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
Lot Size-
CountySan Diego County

Location

Listing Courtesy of JLM Real Estate Inc., Jason Lee, DRE #02068011; JLM Real Estate Inc., Ryan Merriken, DRE #02147674
Add your commute

Building Information for 981 Elder Avenue

Stories1Residences-Year Built1958Building Size-Lot Size-

Payment Calculator

$4,366 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,366

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 981 Elder Avenue

Community / Development
Community / Development
  • Complex Name: Veterans Park
  • Number Of Units: 2
  • Builders Tract Name: Imperial Beach
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 1
  • View: No
  • Security Features: None
Contract Info
Contract Info
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $1,824.00
  • Gross Scheduled Income: $21,600
  • Cap Rate: .00%
  • Gross Rent Multiplier: $.00
  • Other Income1: $.00
  • Total Annual Expense: 19128
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: None
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Composition
  • Fence: Partial
Lease Terms
Lease Terms
  • Listing Terms: Cash, Conventional, FHA, VA
  • Tenant Pays: Electricity, Gas/Propane
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $1,800.00
  • Unit Actual Rent: $1,800.00
  • Unit Projected Rent: $2,695.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Projected Rent: $2,695.00
  • Like Units: 1

Property History for 981 Elder Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 981 Elder 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.

Similar Homes

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Similar Sold Homes

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Listing Courtesy of JLM Real Estate Inc., Jason Lee, DRE #02068011; JLM Real Estate Inc., Ryan Merriken, DRE #02147674

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