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464 68 7th Street

Imperial Beach, CA 91932
  • $1,300,000
  • STATUS: Active
  • ON SITE: 33 Days
  • ID#: PTP2204644
UPDATED: 62 min ago
$1,300,000
  • 0
    BEDS
  • 0.44
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Listing Agent(s): Angela Frank of 3G Development Inc (619-850-9092)


Description

MUST BE PURCHASED AS A PACKAGE DEAL. Rare opportunity to purchase multiple joined lots each with sweeping bay, downtown, and ocean views that you wont see again in Imperial Beach. This listing is for three residential lots for sale to be purchased concurrently which will give developers the necessary space to build on prime real estate! The size of the 3 properties is 11103 SF, 18449 SF and 7491 SF making a combined 37,043 SF or ~.85 of an acre for residential development. All properties have views of the Coronado Bridge, the magnificent backdrop of Downtown San Diego to the east and overlooks the Pacific Ocean to the west. They are in a quiet neighborhood located on the Silver Strand Bikeway (part of the Bayshore Bikeway Trail connects Coronado to Downtown San Diego). When purchased concurrently, all three parcels have a combined 5 detached single-family homes. All having two bedrooms and one bath, ample off-street parking with a one car attached garage. Each home has plenty of backyard space for family get-togethers and barbeques. This nearly 1 acre property sits on a quiet street, and is just three blocks from shopping, dining, parks, and public transportation. Imperial Beach is a family-oriented neighborhood beach community. Enjoy your privacy without giving up the perks of small-town city living. Enjoy all that Imperial Beach has to offer: an incredible beach with world class surfing, shopping, dining, and a host of outdoor attractions such as the Silver Strand State Beach, Tijuana River National Estuarine Research Reserve, numerous city parks, and their very own state of the art skateboard park. The current owner has been working with the City of Imperial Beach and Port Commission on a ten-luxury home development and is 85 percent complete on all approvals. The plans are in hand, so step in realize this opportunity and complete this vision. Buyer to verify all square footage, boundaries, permits, zoning

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-14T16:29:24.007. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Nest Real Estate. Licensed in the State of California, USA.
www.amayarealestategroup.com/homes/130788344
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464 68 7th Street Imperial Beach, CA 91932

  • Price: $1,300,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 62 min ago
  • ID#: PTP2204644
0
Beds
0
Baths
0
½ Baths
0.44
Acres
1959
Built
Neighborhood:
91932 - Imperial Beach
County:
San Diego
Area:
91932 - Imperial Beach
Property Description
MUST BE PURCHASED AS A PACKAGE DEAL. Rare opportunity to purchase multiple joined lots each with sweeping bay, downtown, and ocean views that you wont see again in Imperial Beach. This listing is for three residential lots for sale to be purchased concurrently which will give developers the necessary space to build on prime real estate! The size of the 3 properties is 11103 SF, 18449 SF and 7491 SF making a combined 37,043 SF or ~.85 of an acre for residential development. All properties have views of the Coronado Bridge, the magnificent backdrop of Downtown San Diego to the east and overlooks the Pacific Ocean to the west. They are in a quiet neighborhood located on the Silver Strand Bikeway (part of the Bayshore Bikeway Trail connects Coronado to Downtown San Diego). When purchased concurrently, all three parcels have a combined 5 detached single-family homes. All having two bedrooms and one bath, ample off-street parking with a one car attached garage. Each home has plenty of backyard space for family get-togethers and barbeques. This nearly 1 acre property sits on a quiet street, and is just three blocks from shopping, dining, parks, and public transportation. Imperial Beach is a family-oriented neighborhood beach community. Enjoy your privacy without giving up the perks of small-town city living. Enjoy all that Imperial Beach has to offer: an incredible beach with world class surfing, shopping, dining, and a host of outdoor attractions such as the Silver Strand State Beach, Tijuana River National Estuarine Research Reserve, numerous city parks, and their very own state of the art skateboard park. The current owner has been working with the City of Imperial Beach and Port Commission on a ten-luxury home development and is 85 percent complete on all approvals. The plans are in hand, so step in realize this opportunity and complete this vision. Buyer to verify all square footage, boundaries, permits, zoning
Exterior Features

Lot Features Back YardFront Yard Number Of Separate Electric Meters 2 Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No Spa YN No View YN No

Interior Features

Common Walls No Common Walls Cooling YN No Fireplace YN No Heating YN No

Property Features

Additional Parcels YN Yes Association Fee 0 Association YN No Cap Rate 1.36 Community Features Biking Garage YN Yes Gross Income 31000 Gross Scheduled Income 31000 Insurance Expense 900 Land Lease YN No Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Entry Only Listing Terms CashConventional Net Operating Income 26700 New Taxes Expense 2625 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Number Of Units Leased 2 Operating Expense 4375 Property Sub Type Duplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Source Public Zoning R-2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-14T16:29:24.007. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Nest Real Estate. Licensed in the State of California, USA.
 
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Nest Real Estate
21804 Cactus Ave ste 101
Riverside CA, 92518
Listing Agent(s): Angela Frank of 3G Development Inc (619-850-9092)