1416 Holly Avenue, Imperial Beach, California
1416 Holly Avenue, Imperial Beach, California 91932 - Ebb Tide Apartments, a pride of ownership 13-unit apartment community located in Imperial Beach. Comprised of ten (10) 2-Bed/1-Bath units, one (1) 1-Bed/1-Bath unit, two (2) 2-Bed/1-Bath detached cottages and nine (9) garages, total rentable square footage equals 10,081 on two (2) contiguous parcels. Built in 1979, the eight (8) unit parcel has two (2) garages & an on-site laundry room for all units and a large exterior patio above the garage for unit "E." Also built at the same time, the easterly parcel is comprised of three (3) units above attached garages in the front building with two (2) detached cottages in the rear. The cottages which have private parking spaces and backyards. This offering is ideal for the astute investor who will recognize the nearly 24% upside in rental income achievable through proactive management. Further upgrades & modernization to the exterior and unit interiors will allow additional rent upside above and beyond 24%.
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Listing Courtesy of Acre Investment Real Estate