See Home Value
Imperial 92251
259 Rosarito Dr
$360,154*
Multifamily - Off Market

259 Rosarito Dr

Imperial, CA 92251
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1259 Sqft
$315,000 - $383,000
Reference Base Price*
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Investors!  This investment opportunity is a portfolio of homes situated in Imperial County, CA also known as Lithium Valley. In this portfolio are single family residences that are owned and operated as rental properties.  A majority of these homes are 3, 4, and 5 bedroom homes with 2 and 2.5 baths and attached garages.   These homes tend to be leased by families, offering long term tenancy to the Buyer.  Given the age of the homes, there is minimal repair and capital expenditure outlays for the next buyer and resident turnover tends to be limited here.  Single family homes are standalone properties with their own lot (as opposed to duplexes or apartments with multiple units on one lot).The total Portfolio of 22 homes is available to purchase in increments as noted in the attached document.  An entry level investor might prefer a smaller 2-home portfolio purchase while the more experienced investor would be interested in 4, 6 or 8-pack portfolios.  Some of the homes have assumable loans available.   For the past couple of years, occupancy rates have been near 97% for homes and apartments with most units renting in less than 1 week of market entry.   Many units carry a waiting list.  The commercial and industrial markets reflect similar stats as the housing market with minimum inventory.   The projected growth for the next buyer is significant as the limited supply of housing here is not keeping up with the growth coming from across from the border and eastern San Diego County. This growth will allow the next buyer to drive revenue and take advantage of the current under market in place rents and drive rental rates on renewals and/or new leases.   The region is also becoming well known for its renewable energy sector with 11 geothermal plants operated by Cal Energy/Warren Buffet of Berkshire Hathaway, acres of wind power, and miles and miles of solar offering a more diverse job base from years past.   Hathaway Energy has estimated that the region's 11 plants could potentially produce more than $1 billion worth of lithium annually and create hundreds of new jobs in Imperial County.    See attached for this Portfolio of 4 homes for sale to include 259 Rosarito Dr, 267 Rosarito Dr, 231 Trail Creek Dr, 440 Sunset Dr, Imperial. The total price for the 4 homes is $1,528,000.00

The manager has listed the unit size as 1259 square feet.
Unit Size
1,259Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$278
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
2007

Price History

Date / Event Date Event Price
Mar 2, 2023 No longer available -
No longer available
Jan 22, 2023 Relisted $349,500
Relisted
Jan 2, 2023 No longer available -
No longer available
Sep 21, 2022 Listed $1,528,000
Listed

Property Highlights



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
1,120 ft²
$277/ft²
$310,000 Jan 24, 2023
-
-
House
3 Beds
2.5 Baths
1,716 ft²
$208/ft²
$357,000 Nov 16, 2022
-
-
House
4 Beds
2 Baths
1,323 ft²
$242/ft²
$319,900 Jan 23, 2023
-
-
Land
Loft
-
-
$300,000 Apr 2, 2020
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20220921
09/21/2022
3 Bed
2 Bath
1259 ft²
$1,528,000
bedrooms
3 Bed
bathrooms
2 Bath
square feet
1259 ft²
-
-
-
Patricia Seay
Pat Seay Real Estate

Building Info

259 Rosarito Drive 259 Rosarito Drive, Imperial, CA 92251
More about this Building
259 Rosarito Drive
Want to find out who owns 259 Rosarito Drive, Imperial, CA 92251? Get detailed property transactions here .

About Imperial


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