Log In/Sign Up
Your email has been sent.
277 Evergreen Ave 6 Unit Apartment Building $2,000,000 ($333,333/Unit) Imperial Beach, CA 91932
INVESTMENT HIGHLIGHTS
- Premier Imperial Beach location steps from the beach with significant rental upside
- Ideal unit mix with spacious one- and two-bedroom floor plans, individually metered for gas & electric
- Extremely competitive housing market ideal for multifamily investment
- Walking distance to the beach, employment, restaurants, shopping, cafes, schools, parks, and entertainment
- Private laundry facility and 6 parking spaces for tenant convenience
- Convenient access to the Silver Strand and Interstate 5
EXECUTIVE SUMMARY
CBRE is pleased to offer for sale 277 Evergreen, a 6-unit residential community steps from the beach with modern architecture and well manicured landscaping to create the perfect living environment. An excellent investment opportunity, 277 Evergreen offers a new investor significant immediate rental upside. Built in 1973, the property features an ideal unit mix of spacious one-bedroom and two-bedroom floor plans, individually metered for gas and electric. The property also has 6 parking spaces and a private laundry facility for the tenant’s convenience. Recent capital improvements include new electrical main and sub panels, roof (replaced November 2020), and passed SB 721/E3 balcony inspection on August 7, 2024. The property enjoys proximity to employment, restaurants, entertainment, shopping, parks, schools, and the beach. As a result, the area attracts young professionals, families, retirees, and Naval personnel from the Navy Seal Training Center and Naval Outlying Landing Field, all seeking a beach lifestyle with strong sense of community. All of which make Imperial Beach ideal for multifamily investment.
PROPERTY FACTS
| Price | $2,000,000 | Building Class | C |
| Price Per Unit | $333,333 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 4,572 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1973 |
| Apartment Style | Low-Rise | Parking Ratio | 1.31/1,000 SF |
| Zoning | R3 - Multi-Family 10 units or less | ||
| Price | $2,000,000 |
| Price Per Unit | $333,333 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,572 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.31/1,000 SF |
| Zoning | R3 - Multi-Family 10 units or less |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $2,195 | 646 |
| 2+1 | 2 | $2,695 | 750 |
1 1
Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 625-362-14 | Improvements Assessment | $137,203 |
| Land Assessment | $53,795 | Total Assessment | $190,998 |
PROPERTY TAXES
Parcel Number
625-362-14
Land Assessment
$53,795
Improvements Assessment
$137,203
Total Assessment
$190,998
1 of 9
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
277 Evergreen 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.