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562-564 11th St
Imperial Beach, CA 91932
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Prime Coastal Location with Strong Walkability
- High-Quality Tenant Base Driven by Location
- Attractive Unit Mix with Strong Income Profile
- Well-Maintained Property with Recent Upgrades
Executive Summary
Multifamily investment property located in quiet North Imperial Beach neighborhood. Property consists of one 3BD/2BA house (~1,200SF) and three 2BD/1BA units (each ~750SF). Property is well-maintained, professionally managed, and located in a desirable neighborhood of Imperial Beach with long term, quiet tenants. Property features include alley access, separate entrances, separated gas/electric/water meters. Located just one block to the Silver Strand Bikeway and walking distance to Trident Coffee, Rad Power Bikes, and more. The Property is two blocks from Palm Avenue, offering quick access to I-5, Coronado Island, and South Bay commercial hubs.
Property Facts
| Price Per Unit | $399,999 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 5.31% | Building Size | 2,656 SF |
| Gross Rent Multiplier | 11.5 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1980 |
| Property Type | Multifamily | Parking Ratio | 1.51/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R-3000-D | ||
| Price Per Unit | $399,999 |
| Sale Type | Investment |
| Cap Rate | 5.31% |
| Gross Rent Multiplier | 11.5 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 2,656 SF |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 1.51/1,000 SF |
| Zoning | R-3000-D |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $3,400 | 1,200 |
| 2+1 | 3 | $2,250 | 750 |
Property Taxes
| Parcel Number | 626-114-18 | Improvements Assessment | $463,279 |
| Land Assessment | $930,890 | Total Assessment | $1,394,169 |
Property Taxes
Parcel Number
626-114-18
Land Assessment
$930,890
Improvements Assessment
$463,279
Total Assessment
$1,394,169
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