Log In/Sign Up
Your email has been sent.
1413 Hemlock Ave 6 Unit Apartment Building $1,750,000 ($291,667/Unit) 5.85% Cap Rate Imperial Beach, CA 91932
INVESTMENT HIGHLIGHTS
- Upgraded Beach Units
- Low maintenance
- On-Site Laundry
- Excellent location
- Concrete Driveway
- Functional floor plans with roomy design
EXECUTIVE SUMMARY
Excellent Choice for 10-31 Exchange . DONT MISS THIS Rare Gem. Welcome to the most Southwesterly City in Continental U.S. - Just a blocks from the beach enjoy the closeness of being minutes away from the , freeways of both downtown San Diego and the Coronado Islands.This great multifamily property is perfect for Owner Occupant, Airbnb, traveling professionals, and much more.... There are a total of SIX (6) 1BR 1BA units PLUS six assigned one car parking at the property. The property showcases true pride of ownership with well maintained units and tons of upgrades throughout. The property also has a large laundry room, common picnic area space. The building recently painted, newer vinyl windows, entry doors, most units are upgraded with vinyl plank flooring, new kitchens a must see.
FINANCIAL SUMMARY (PRO FORMA - 2026) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$151,600
|
$50.53
|
| Other Income |
$1,800
|
$0.60
|
| Vacancy Loss |
$4,500
|
$1.50
|
| Effective Gross Income |
$148,900
|
$49.63
|
| Taxes |
$25,540
|
$8.51
|
| Operating Expenses |
$21,015
|
$7.01
|
| Total Expenses |
$46,555
|
$15.52
|
| Net Operating Income |
$102,345
|
$34.12
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $151,600 |
| Annual Per SF | $50.53 |
| Other Income | |
|---|---|
| Annual | $1,800 |
| Annual Per SF | $0.60 |
| Vacancy Loss | |
|---|---|
| Annual | $4,500 |
| Annual Per SF | $1.50 |
| Effective Gross Income | |
|---|---|
| Annual | $148,900 |
| Annual Per SF | $49.63 |
| Taxes | |
|---|---|
| Annual | $25,540 |
| Annual Per SF | $8.51 |
| Operating Expenses | |
|---|---|
| Annual | $21,015 |
| Annual Per SF | $7.01 |
| Total Expenses | |
|---|---|
| Annual | $46,555 |
| Annual Per SF | $15.52 |
| Net Operating Income | |
|---|---|
| Annual | $102,345 |
| Annual Per SF | $34.12 |
PROPERTY FACTS
| Price | $1,750,000 | Apartment Style | Low-Rise |
| Price Per Unit | $291,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 5.85% | Building Size | 3,000 SF |
| Gross Rent Multiplier | 12.63 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1971/2024 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Zoning | R-3 - Residential Multi-Family | ||
| Price | $1,750,000 |
| Price Per Unit | $291,667 |
| Sale Type | Investment |
| Cap Rate | 5.85% |
| Gross Rent Multiplier | 12.63 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1971/2024 |
| Parking Ratio | 2/1,000 SF |
| Zoning | R-3 - Residential Multi-Family |
AMENITIES
UNIT AMENITIES
- Disposal
- Ceiling Fans
- Refrigerator
- Range
- Tub/Shower
- Double Pane Windows
- Window Coverings
SITE AMENITIES
- Laundry Facilities
- Gas Range
- Recycling
- Smoke Free
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $2,050 | 3,000 |
1 1
PROPERTY TAXES
| Parcel Number | 633-232-48 | Total Assessment | $1,591,811 (2025) |
| Land Assessment | $1,167,328 (2025) | Annual Taxes | $25,540 ($8.51/SF) |
| Improvements Assessment | $424,483 (2025) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
633-232-48
Land Assessment
$1,167,328 (2025)
Improvements Assessment
$424,483 (2025)
Total Assessment
$1,591,811 (2025)
Annual Taxes
$25,540 ($8.51/SF)
Tax Year
2026
1 of 17
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Tayyar Egilmez
1413 Hemlock Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.