1036 1042 Fern Ave

1036 1042 Fern Ave

1036 1042 Fern Ave

$2,500,000 | 1036 1042 Fern Ave, Imperial Beach, CA 91932

Pleased to present for sale a newly constructed 4 townhome complex in Imperial Beach, CA. Constructed in 2018, the property rests on an 11,065 SF lot and offers 6,316 of rentable SF. 1036-1042 Fern Ave has a completed condo map, each unit with its own APN and separate utility meters. Each townhome is comprised of spacious 3-Bedroom/2.5-Bathroom floor plans. These townhomes feature master en-suite bathrooms, fenced-in private patios (front unit also has large fenced yard), and attached double car finished garages. Own 100% of the complex with full control and no HOA compliance. There are no HOA fees for this property. This is a rare opportunity for an investor to purchase a high performing asset with multiple exit strategies. Imperial Beach is on the rise with several mixed-use development projects in the works. Emerging as one of San Diego’s most sought-after rental markets, Imperial Beach attracts high quality and reliable tenants. This property is located only a short drive from both the main Naval Amphibious Base Coronado and Naval Special Warfare Center. In addition to the tenants Imperial Beach draws in for its coastal location and unique culture, the Navy only increases demand of quality tenants as most receive housing allowances between $2,000 - $3,800/ month. This asset is poised for long term appreciation and is located on the coast with the investor’s longevity in mind. According to the San Diego Union Tribune, the median price of a house in San Diego could be around $776,000.00 by the end of 2021. Sewer: Sewer Connected Unit # for Unit 1: 1036 Unit # for Unit 2: 1038 Unit # for Unit 3: 1040 Unit # for Unit 4: 1042 Number of Furnished Units: 0