$360,154*
●
Multifamily -
Off Market
259 Rosarito Dr
Imperial, CA 92251
3 Beds
2 Baths
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.
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
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
09/21/2022
|
|
3 Bed
|
2 Bath
|
1259 ft²
|
$1,528,000
3 Bed
2 Bath
1259 ft²
|
-
-
|
-
|
Patricia Seay
Pat Seay Real Estate
|