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$480,000
23232751IC MLS
No doubt about it...you're gonna kick yourself if you don't look at this property. This unique property is situated on the NW signalized corner of Old Hwy 111 and Worthington Rd in Imperial. The site was previously known as Wilson's Corner where the El Tiki Restaurant was located for many years. There's 5 parcels of land that total 4.68 acres. There's a mobile home on the corner that rents for $1000 per month, plus 4 homes ranging from 576sf to 2150sf with a total income of $2300 per month. Yes, the rent is low but that's because some family members have been living there for several years. They want to stay and will consider paying an increased rental rate. Clearly, there's potential to rent out the vacant mobile home plus increasing the existing rents to market rate. So, you can buy an affordable country property to live, an opportunity to have rental income, plus an opportunity to set up your business on your own property. And, did I say there's a shop in the back, yep. The property is unique because it has a commercial zone, C-2-PE (Commercial Medium-Pre-Existing). This is a great site for an owner/operator to work, live and have additional income. The additional parcel numbers are 044-500-007, 044-500-008, 044-500-077, 044-500-080. Call your agent asap and take a look. There are many permitted uses , some would include: Appliance stores, including service and repair; auto sales/leasing/rentals, Auto service, tire sales and repair, Auto wash, card room, Boat sales, including service and parts, carpet cleaning, medical or physical therapy clinic for outpatient use only, Clothing & apparel stores, Club or lodge, Commercial cargo containers, Computer stores, Convalescent hospital, Dance school, Department stores, Electrical vehicles charging stations as a primary use, Emergency shelters, small equipment rental/repair, Farmers market, Feed stores, Fire/police station, Floor covering, drapery & upholstery stores, Furniture stores, Gardening & landscaping stores, Gun stores (including repair, Hardware (general), including lumber sales provided there is no outside storage of materials, Hospital, Janitorial service, Laboratory testing, including medical, optical and biological, Lawn equipment, including repair, Liquor stores, Military surplus, Mini-warehouse (no outside storage), Mobile home sales, including rental and service, Motorcycle sales, including service and repair, Nursery, Office machine/equipment, Paint and wallpaper stores, Pawn shops, Pest control, Pet grooming, Pet stores, Plumbing supply, provided no outside storage, Pool or billiard parlor, Pottery stores, Public agency, Recreational vehicle sales and service, Self-service auto wash, Solar energy extraction generation, Sporting goods, truck fueling station without repair, Truck sales, including rental provided no repair or service, Veterinarians office. Utility building. Auto body repair & painting, College or university, Commercial cannabis retail sales, distribution and testing subject to Division 4, Chapter 6 of Title 9, Land Use Ordinance and Title 14 of the Imperial County Codified Ordinances. Communication towers, including radio, television, cellular, digital, along with the necessary support equipment such as receivers, transmitters, antennas, satellite dishes, relays, etc. (subject to requirements of this zone and Division 24; Section 92401 "Communications Facilities Ordinance" et al. Community sewage treatment facility. Community water treatment facility. Contractors storage yard, Equestrian establishment, Flea market, Flood control facility. Heliport. Massage parlor. Transfer station. Facilities for the transmission of electrical energy (100-200 kV).

2707 Old Hwy 111, Imperial

Listing courtesy of Listing Agent: Patricia Seay () from Listing Office: Pat Seay Real Estate.

$389,500
4 Beds 22200361IC MLS
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. Imperial County continues to be a great place to live for those that like a small town, family-oriented feel with access to jobs, schools, shopping, dining and entertainment. A big portion of jobs, over 10,000 employees, come from Border Patrol, DEA, the Department of Corrections, and the Imperial Irrigation District. See attached list of Portfolio Investment and for this Portfolio of 8 homes for sale to include 170 Sunset Dr, Imperial; 299 Mustang Ct, Imperial; 1260 Mullet, Thermal; 1290 Indian Ocean Ave, Thermal; 2768 Michigan Ave, Thermal; 289 Rosarito Dr, Imperial; 287 Rosarito Dr, Imperial; 241 Shoshonean, Imperial. The total price for the 8 homes is $2,706,800.00

170 Sunset Dr, Imperial

Listing courtesy of Listing Agent: Patricia Seay () from Listing Office: Pat Seay Real Estate.

$349,500
3 Beds 22200357IC MLS
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

259 Rosarito Dr, Imperial

Listing courtesy of Listing Agent: Patricia Seay () from Listing Office: Pat Seay Real Estate.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS®,

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