1026 Georgia Street

Imperial Beach, CA 91932

$1,550,000
Price
6
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Charming Duplex with Income Potential in Imperial Beach 1026-28 Georgia St, Imperial Beach, CA This fully renovated duplex offers a prime investment opportunity in Imperial Beach. Both units, each over 1,400 sq. ft., feature 3 bedrooms, 2.5 bathrooms, and modern finishes, including stainless steel appliances. Renovated in 2022, both units come with in-unit washer/dryer hookups and private, fenced backyards. Each unit has a detached 2-car garage, offering potential for Accessory Dwelling Unit (ADU)...Charming Duplex with Income Potential in Imperial Beach 1026-28 Georgia St, Imperial Beach, CA This fully renovated duplex offers a prime investment opportunity in Imperial Beach. Both units, each over 1,400 sq. ft., feature 3 bedrooms, 2.5 bathrooms, and modern finishes, including stainless steel appliances. Renovated in 2022, both units come with in-unit washer/dryer hookups and private, fenced backyards. Each unit has a detached 2-car garage, offering potential for Accessory Dwelling Unit (ADU) conversion to increase income. Currently, the property is tenant-occupied with leases running through 12/31/2024, transitioning to month-to-month thereafter, providing flexibility for a new owner. With low operating expenses and ADU potential, this duplex is ideal for maximizing returns in an evolving market. Buyer can occupy one unit and rent the other! Located close to Coronado and Downtown San Diego, the property provides easy access to beaches, shopping, and dining, enhancing tenant demand. This well-maintained property combines flexible leasing, a central location, and excellent income potential. Reach out today!
  1. Listed by Caden Medina • DRE #02135844 • Brokerage DRE #02007217 • Arrow Real Estate

Property Details for 1026 Georgia Street

Zoning
R2
Cross Streets
Elder Ave
Source Living Area
404
Area
Imperial Beach (IMB)
Home owner Dues
$0
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly
LISTING UPDATED: 11/19/2024 11:12 AM

Property Details for 1026 Georgia Street

StatusActive
MLS #240024486SD
Days on Market45
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1988
Lot Size-
CountySan Diego County

Building Information for 1026 Georgia Street

Stories2Residences-Year Built1988Building Size-Lot Size-

Property Information for 1026 Georgia Street

Community / Development
Community / Development
  • Complex Name: N/A
  • Number Of Units: 2
  • Amenities: None
  • Association Fees Include: N/K
  • Builders Tract Name: Imperial Palms
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 2
  • View: No
  • View Description: None
  • Security Features: None
  • Water: Meter on Property
  • Sewer: Sewer Connected
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $70,179.00
  • Gross Scheduled Income: $84,000
  • Cap Rate: 5.90%
  • Gross Rent Multiplier: $13.93
  • Other Income1: $600.00
  • Total Annual Expense: 13600
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
Parking Details
Parking Details
  • Parking Garage: None, None Known
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Central Forced Air
  • Heating Type: Electric, Forced Air
Exterior Features
Exterior Features
  • Pool: No
  • Pool Description: None
  • Spa: No
  • Roof: Composition
  • Fence: Full, Gate
Lease Terms
Lease Terms
  • Listing Terms: Cash, Conventional, FHA, VA
  • Tenant Pays: Cable TV, Electricity, Gas/Propane, Sewer, Trash Collection, Water
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Rent: $3,700.00
  • Unit Actual Rent: $3,700.00
  • Unit Projected Rent: $3,850.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Rent: $3,350.00
  • Unit Actual Rent: $3,350.00
  • Unit Projected Rent: $3,850.00
  • Like Units: 1

Property History for 1026 Georgia Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1026 Georgia Street

This home is within Sweetwater Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 7 to 9
Rating
School
Distance
Central Elementary School
PublicK to 6

Mar Vista Academy
Public7 to 8

Mar Vista Senior High School
Public9 to 12

Sweetwater Community Day School
Public7 to 9

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1026 Georgia Street is a multi-family home for sale in Imperial Beach, CA 91932. This property was listed for sale on October 15, 2024 by Arrow Real Estate, it's currently listed at $1,550,000. It has been on the market for a total of 45 days and was last sold on May 27, 2022. This listing's school districts are Sweetwater Union High School District, South Bay Union School District. Nearby schools include Central Elementary School, Mar Vista Academy and Mar Vista Senior High School. 1026 Georgia Street is a 6-bed, 6-bath, multi-family home built in 1988.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Arrow Real Estate, Caden Medina, DRE #02135844

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