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285 Elder Ave
Imperial Beach, CA 91932
Multifamily Property For Sale
·
5 Units
PROPERTY FACTS
| No. Units | 5 | Building Size | 4,032 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1972/2020 |
| Building Class | C | Parking Ratio | 1.24/1,000 SF |
| Lot Size | 0.11 AC | ||
| Zoning | R3 | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,032 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2020 |
| Parking Ratio | 1.24/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer
- Kitchen
- Refrigerator
- Tub/Shower
- Walk-In Closets
- Wi-Fi
- Freezer
ABOUT 285 ELDER AVE , IMPERIAL BEACH, CA 91932
Marcus and Millichap is pleased to present for sale a 5 unit pride of ownership property located in the promising city of Imperial Beach. Only within 2 blocks of the beach, this pedestrian and biker friendly neighborhood is applauded for its laid back, coastal vibe. Imperial Beach is on the rise with several mixed-use development projects in the works within just a few blocks of the subject property. Projects include Blue Wave Development, Breakwater Town Center, and the Hampton Inn & Suites. The city recently approved a revitalization plan encouraging investment, promoting economic development, and improving all transit mobility. Constructed in 1972 and renovated in 2020, this property rests on a 4365 SF lot with 4032 rentable SF. This newly renovated property is comprised of 3 one-bedroom/one-bathroom units, 1 two-bedroom/one-bathroom unit, and 1 two-bedroom/two-bathroom unit. All units provide tenants with amenities such as in unit laundry and split unit air conditioning. Tenants also have access to ample parking that includes 5 off street parking spaces. This building is also conveniently located within a couple blocks from Seacoast Drive, providing direct access to a variety of entertainment and restaurants. This asset has undergone a complete overhaul of a renovation that features new interior and exterior finishes to new plumbing and electric. Being located within 2 blocks of the beach, this property is well-positioned for any investor seeking longevity in a flourishing market.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | $1,800 | 700 |
| 2+1 | 1 | $2,200 | 966 |
| 2+2 | 1 | $2,300 | 966 |
PROPERTY TAXES
| Parcel Number | 625-401-11 | Improvements Assessment | $683,527 |
| Land Assessment | $1,312,373 | Total Assessment | $1,995,900 |
PROPERTY TAXES
