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SOLD 9/8/2021

662 Florence Street, San Diego, CA 91932$1,075,000

4
beds
4
baths

Listing provided courtesy of Listing Broker: Josh Browar, The Browar Group
Source CRMLS;
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We are pleased to present the 4-unit investment opportunity located at 662-668 Florence Street in a very desirable location within the Imperial Beach Community. The property is strategically located steps to all the retail Palm Avenue has to offer as well as less than two blocks from the Bayshore Bike Path (and future development there). The building boasts four spacious 1br/1ba apartments with four off street parking spaces in front. All tenants are current on rents and all units are occupied. There is SIGNIFICANT rental upside for each unit and all units will be on MTM leases at the end of October 2021. This is a very easy to maintain building with unlimited potential and loads of upside. Unit # for Unit 1: 662 Unit # for Unit 2: 664 Unit # for Unit 3: 666 Unit # for Unit 4: 668 Number of Furnished Units: 0

HOA

$0/month

On market

13 days

Year built

1956

Property type

Multi-Family

Parking

MLS

210015597

Price / Sq.Ft.

ft2

Status

Closed

Home details for 662 Florence Street

Property, Lot, Community & Exterior Features
Lot Info
•   
Lot Size Source: Assessor
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 4
Building Info
•   
Stories Total: 1
•   
Num Stories: One
Listing Details, Costs & Financing Information
Lease Info
•   
Net Operating Income: 34132.00
Financial Info
•   
Cap Rate: 3.10
•   
Gross Scheduled Income: 55500.00
Tax/Assessment Info
•   
Tax Year: 2020
•   
Taxes: 10646.94
Listing Info
•   
Status: Closed
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 1
•   
Unit 3 Actual Rent: 1250.00
•   
Unit 3 Bathrooms: 1
Unit 2 Information
•   
Unit 2 Actual Rent: 1175.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Bathrooms: 1
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 950.00
Unit 4 Information
•   
Unit 4 Actual Rent: 1250.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Bedrooms: 1
Multi Unit Information
•   
Number With Refrigerator: 4
•   
# Of Units: 4
•   
Number With Range: 4
School Neighborhood & Directions
Location
•   
Other Subdivision Name: Imperial Beach
•   
Subdivision: Imperial Beach
School Info
•   
Directions: CrossStreet: Calla Ave
Virtual Tour Link
Virtual Tour
•   
Virtual Tour Url Unbranded
Other
Calculation
•   
Dom: 14
•   
Cdom: 16

Neighborhood snapshot

4
Properties for sale
11
Median days on market
$553.10
Median sold price/sqft
100.76%
Sold/List %
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Property History for 662 Florence Street

09/10/2021
09/10/2021
Public Record
sold
Public Record
$1,075,000
09/08/2021
09/08/2021
CRMLS #210015597
sold
CRMLS #210015597
$1,075,000
--1.83%
06/21/2021
06/21/2021
CRMLS #210015597
pending
CRMLS #210015597
$1,095,000
06/07/2021
06/07/2021
CRMLS #210015597
active
CRMLS #210015597
$1,095,000

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 · 
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