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1185 Georgia St 2 Unit Apartment Building Offered at $875,000 at a 5.95% Cap Rate Imperial Beach, CA 91932
Investment Highlights
- Separate SFR's Both 2Bd/1Ba
- Private Fenced Yards & Separate Access
- Separately Metered
Executive Summary
Great Investment or First Time Home Owner Opportunity, Located in the Heart of Imperial Beach. 2 Homes on 1 Lot, Single Level, Two Bedroom 1 Bath Detached SFR's. Separately Metered for All Utilities with Tenants Paying Own for Ease of Ownership & Management. Both featuring Private Front and Back Yards with Full Privacy Fencing and Separate Driveways. Pride of Ownership.
****DO NOT WALK ON PROPERTY Nor Disturb Tenants****
Please Contact LA for Showings Instructions. All Tenants are on MTM Leases and Pay All Utilities. Seller(s) are 1031 out of state. The information contained herein has been obtained from sources believed reliable. KW Realty does not doubt the accuracy, but we have not verified it and make no guarantee, warranty or representations. Buyer to verify.
****DO NOT WALK ON PROPERTY Nor Disturb Tenants****
Please Contact LA for Showings Instructions. All Tenants are on MTM Leases and Pay All Utilities. Seller(s) are 1031 out of state. The information contained herein has been obtained from sources believed reliable. KW Realty does not doubt the accuracy, but we have not verified it and make no guarantee, warranty or representations. Buyer to verify.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$52,097
|
$30.01
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$52,097
|
$30.01
|
| Taxes |
$10,763
|
$6.20
|
| Operating Expenses |
$730
|
$0.42
|
| Total Expenses |
$11,493
|
$6.62
|
| Net Operating Income |
$40,604
|
$23.39
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $52,097 |
| Annual Per SF | $30.01 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $52,097 |
| Annual Per SF | $30.01 |
| Taxes | |
|---|---|
| Annual | $10,763 |
| Annual Per SF | $6.20 |
| Operating Expenses | |
|---|---|
| Annual | $730 |
| Annual Per SF | $0.42 |
| Total Expenses | |
|---|---|
| Annual | $11,493 |
| Annual Per SF | $6.62 |
| Net Operating Income | |
|---|---|
| Annual | $40,604 |
| Annual Per SF | $23.39 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $2,975 | 868 |
| 2+1 | 1 | $2,460 | 868 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
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Contact the Sale Advisor
1185 Georgia St