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243 Dahlia Ave 2 Unit Apartment Building $3,200,000 ($1,600,000/Unit) 3.90% Cap Rate Imperial Beach, CA 91932

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INVESTMENT HIGHLIGHTS

  • New Construction
  • 1.5 Blocks to the beach
  • Units sold Separately or together, no HOA

EXECUTIVE SUMMARY

New construction duplex 1.5 blocks from beach in one of the last untapped markets in Souther California. Each units has its own parcels # and can be sold individually or together, no common areas and no HOA fees.
Each unit is 3 bd/2.5 bath 1,868 sf, oversized 1 car garage, with space for 3 cars in driveway. Lots of outdoor space with a huge side patio, master balcony, back yard, and large rooftop deck with views to Point Loma. Rooftop solar is owned and activated.
Sewage treatment is underway and planning of a new oceanfront hotel is taking place in this last untouched beach community.
Minutes from Coronado and Down Town San Diego.

FINANCIAL SUMMARY (PRO FORMA - 2025)

ANNUAL ANNUAL PER SF
Gross Rental Income $148,000 $39.61
Other Income - -
Vacancy Loss - -
Effective Gross Income $148,000 $39.61
Taxes $25,000 $6.69
Operating Expenses - -
Total Expenses $25,000 $6.69
Net Operating Income - -

FINANCIAL SUMMARY (PRO FORMA - 2025)

Gross Rental Income
Annual $148,000
Annual Per SF $39.61
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $148,000
Annual Per SF $39.61
Taxes
Annual $25,000
Annual Per SF $6.69
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $25,000
Annual Per SF $6.69
Net Operating Income
Annual -
Annual Per SF -

PROPERTY FACTS

Price $3,200,000
Price Per Unit $1,600,000
Sale Type Investment
Cap Rate 3.90%
No. Units 2
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Apartment Style Townhome
Building Class B
Lot Size 0.12 AC
Building Size 3,736 SF
Average Occupancy 0%
No. Stories 2
Year Built 2025
Parking Ratio 1.07/1,000 SF
Zoning R-2000 - Medium Density, 1 unit/2000sf

AMENITIES

  • Smoke Detector

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Disposal
  • Storage Space
  • Washer/Dryer Hookup
  • Heating
  • Tile Floors
  • Double Vanities
  • Kitchen
  • Refrigerator
  • Oven
  • Sprinkler System
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Views
  • Walk-In Closets
  • Yard
  • Deck
  • Dining Room
  • Double Pane Windows
  • Handrails
  • Island Kitchen
  • Pantry
  • Patio
  • Smoke Free
  • Vinyl Flooring
  • Quartz Countertops
  • Floor to Ceiling Windows

SITE AMENITIES

  • Individual Locking Bedrooms
  • Private Bathroom

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+2.5 2 - 1,868
Walk Score®
Very Walkable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 38804272

  • Date on Market: 12/17/2025

  • Last Updated:

  • Address: 243 Dahlia Ave, Imperial Beach, CA 91932

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