Log In/Sign Up
Your email has been sent.
1413 Hemlock Ave 6 Unit Apartment Building $1,825,000 ($304,167/Unit) 4.66% Cap Rate Imperial Beach, CA 91932
Investment Highlights
- STABLE INCOME
- UPGRADED CONDITION
- GREAT LOCATION
Executive Summary
* GREAT UNIT MIX OF ONE BEDROOMS.
* SMALL APARTMENT COMMUNITY.
* STABLE CASH FLOW.
* BEACH COMMUNITY.
* MOSTLY LONG TERM TENANTS.
* AFFORDABLE / LOW UNIT PRICE PER UNIT.
* SMALL APARTMENT COMMUNITY.
* STABLE CASH FLOW.
* BEACH COMMUNITY.
* MOSTLY LONG TERM TENANTS.
* AFFORDABLE / LOW UNIT PRICE PER UNIT.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$131,400
|
$43.80
|
| Other Income |
$800
|
$0.27
|
| Vacancy Loss |
$6,570
|
$2.19
|
| Effective Gross Income |
$125,630
|
$41.88
|
| Taxes |
$20,226
|
$6.74
|
| Operating Expenses |
$15,110
|
$5.04
|
| Total Expenses |
$35,336
|
$11.78
|
| Net Operating Income |
$90,294
|
$30.10
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $131,400 |
| Annual Per SF | $43.80 |
| Other Income | |
|---|---|
| Annual | $800 |
| Annual Per SF | $0.27 |
| Vacancy Loss | |
|---|---|
| Annual | $6,570 |
| Annual Per SF | $2.19 |
| Effective Gross Income | |
|---|---|
| Annual | $125,630 |
| Annual Per SF | $41.88 |
| Taxes | |
|---|---|
| Annual | $20,226 |
| Annual Per SF | $6.74 |
| Operating Expenses | |
|---|---|
| Annual | $15,110 |
| Annual Per SF | $5.04 |
| Total Expenses | |
|---|---|
| Annual | $35,336 |
| Annual Per SF | $11.78 |
| Net Operating Income | |
|---|---|
| Annual | $90,294 |
| Annual Per SF | $30.10 |
Property Facts
| Price | $1,825,000 | Apartment Style | Low-Rise |
| Price Per Unit | $304,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 4.66% | Building Size | 3,000 SF |
| Gross Rent Multiplier | 13.2 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Zoning | R-3 - Residential Multi-Family | ||
| Price | $1,825,000 |
| Price Per Unit | $304,167 |
| Sale Type | Investment |
| Cap Rate | 4.66% |
| Gross Rent Multiplier | 13.2 |
| 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 | 1971 |
| 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
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $2,150 | 500 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 633-232-48 | Total Assessment | $1,591,811 |
| Land Assessment | $1,167,328 | Annual Taxes | $20,226 ($6.74/SF) |
| Improvements Assessment | $424,483 | Tax Year | 2025 |
Property Taxes
Parcel Number
633-232-48
Land Assessment
$1,167,328
Improvements Assessment
$424,483
Total Assessment
$1,591,811
Annual Taxes
$20,226 ($6.74/SF)
Tax Year
2025
1 of 25
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.