Listed by: Russell Elrod, Berkshire Hathaway HomeServices California Properties
$769,000
●
House -
Off Market
1035 Iris Ave
Imperial Beach, CA 91932
3 Beds
2 Baths
1,371 Ft²
$3,776
Est. Monthly
About This Property
Charming Ranch-Style Home Near the Beach with Modern Updates &
Spacious Yard Located less than 2 miles from the beach, this
property offers the perfect blend of coastal living and modern
comforts. Situated on a generous lot, this property is ideal for
those seeking space, style, and convenience. Thoughtfully updated,
featuring dual-paned windows for energy efficiency and modern baths
designed with contemporary finishes. The open floor plan flows
effortlessly, accentuated by stunning porcelain wood-grain tile
flooring that adds warmth and durability. Enjoy outdoor
living on the covered patio, perfect for gatherings. The large yard
offers endless possibilities for gardening, play, An ADU or even a
future pool. This property also provides plenty of parking,
including space for your RV. The stylish concrete paver driveway
adds curb appeal and functionality. FHA-VA financing is
available for qualified buyers. With updated amenities, a prime
location, and proximity to the beach, this home is truly a great
value!
Unit Size
1,371 Ft²
Days on Market
64 days
Land Size
0.14 acres
Price per sqft
$561
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1959
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (CRMLS #240021921SD)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 18, 2024 | Sold | ||
| Sold | |||
| Oct 20, 2024 | In contract | - | |
| In contract | |||
| Oct 20, 2024 | Price Decreased |
$769,000
↓ $31K
(3.8%) | |
| Price Decreased | |||
| Oct 7, 2024 | Relisted | $799,500 | |
| Relisted | |||
| Oct 6, 2024 | No longer available | - | |
| No longer available | |||
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Southern San Diego
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Listed by: Russell Elrod, Berkshire Hathaway HomeServices California Properties
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 240021921SD
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 240021921SD
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