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1166 Imperial Beach Blvd - Florida Palms 3-on-1 3 Unit Apartment Building Offered at $1,600,000 at a 4.37% Cap Rate Imperial Beach, CA 91932
Investment Highlights
- Rare 3-on-1 Investment Opportunity in Imperial Beach
- Value-Add Opportunity Through Light Renovation, 1993 Construction
- Walking Distance to the Beach, Imperial Beach Pier, Bayshore Bikeway
- Three Detached Homes, Each with Full-Size Double Car Garage & Parking in Front
- Private Backyard & Patio for Every Home
Executive Summary
Whitewater Commercial Real Estate presents a rare opportunity to acquire a unique asset located in the vibrant community of Imperial Beach, CA.
Built in 1993, 1166-68 Imperial Beach Blvd is a classic 3-on-1 investment property situated on a single lot in Imperial Beach. The property features an attractive unit mix consisting of (3) fully detached 3-bedroom/2.5-bathroom homes, each equipped with a full-size double car garage with parking in front.
Each home offers a functional two-story layout, with the kitchen, living room, half bathroom, and full two-car garage located on the main level, and all three bedrooms upstairs — including a primary suite with an attached bathroom, plus two additional bedrooms sharing a full bathroom. Residents also enjoy in-unit laundry, a private backyard, and a dedicated patio area for every home.
The property is offered in largely original condition, presenting investors with a compelling value-add opportunity. Some of the three homes have already been updated with newer kitchen appliances, including refrigerators and ranges, and the classic 3-on-1 configuration offers meaningful upside through further interior renovation.
Built in 1993, 1166-68 Imperial Beach Blvd is a classic 3-on-1 investment property situated on a single lot in Imperial Beach. The property features an attractive unit mix consisting of (3) fully detached 3-bedroom/2.5-bathroom homes, each equipped with a full-size double car garage with parking in front.
Each home offers a functional two-story layout, with the kitchen, living room, half bathroom, and full two-car garage located on the main level, and all three bedrooms upstairs — including a primary suite with an attached bathroom, plus two additional bedrooms sharing a full bathroom. Residents also enjoy in-unit laundry, a private backyard, and a dedicated patio area for every home.
The property is offered in largely original condition, presenting investors with a compelling value-add opportunity. Some of the three homes have already been updated with newer kitchen appliances, including refrigerators and ranges, and the classic 3-on-1 configuration offers meaningful upside through further interior renovation.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
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| Other Income |
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| Vacancy Loss |
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| Effective Gross Income |
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| Net Operating Income |
$99,999
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$9.99
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Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
Site Amenities
- Fenced Lot
- Walking/Biking Trails
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 3 | $4,750 | 1,166 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 626-532-11 | Improvements Assessment | $453,747 (2026) |
| Land Assessment | $91,334 (2026) | Total Assessment | $545,081 (2026) |
Property Taxes
Parcel Number
626-532-11
Land Assessment
$91,334 (2026)
Improvements Assessment
$453,747 (2026)
Total Assessment
$545,081 (2026)
Contacts
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Carson Trujillo -
Connor Stolle -
Ricky Partida -
Whitewater Commercial Real Estate
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1166 Imperial Beach Blvd - Florida Palms 3-on-1
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