Appraised above list price! Rare opportunity to buy the ONLY fourplex west of I-5 under $1.5M. 15th St is one of the highest Cap Rate 4-unit properties for sale at this price point in all of San Diego County. Just two miles from the beach and near Navy bases and Amazon's largest warehouse in CA, you can own an ideal apartment in the rapidly growing beach community of Imperial Beach. All units leased mtm and include 2 beds/1 bath, on-site laundry, and a large vacant (potentially buildable) parking lot with 8 off-street spaces and fenced-in yards. Back on market due to previous buyer's personal financial situation causing the loan to fall out after removing appraisal and all inspection contingencies.
Take advantage of South Bay's growth and appreciating rental market by buying into an investment property within close proximity to some of the regions most rapidly growing job locations including the Navys newly built $1B Silver Strand Training Complex, the $1.3B Chula Vista Bayfront Development, and Amazons new 3 million sqft fulfillment center, the largest in all of California. Large 8-car parking lot and outdoor yards provide potential to possibly add value by constructing garages or additional living units. Buyer and buyer's agent to verify all, including feasibility of adding garages or more units.