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Florida Street Apartments 739-747 Florida Street 12 Unit Apartment Building $3,750,000 ($312,500/Unit) 3.80% Cap Rate Imperial Beach, CA 91932
Investment Highlights
- Three Adjacent 4 Unit Parcels
- Ample Off Street Parking
- All Leases are MTM
- All 2br/2ba Apartments ~ Approx 1000sqft Each
- Significant Amount of Rental Upside
- ~24,000 Sqft Lot
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,750,000 | Apartment Style | Low-Rise |
| Price Per Unit | $312,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.54 AC |
| Cap Rate | 3.80% | Building Size | 8,760 SF |
| Gross Rent Multiplier | 14.5 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Parking Ratio | 1.37/1,000 SF |
| Zoning | C-MU-1 | ||
| Price | $3,750,000 |
| Price Per Unit | $312,500 |
| Sale Type | Investment |
| Cap Rate | 3.80% |
| Gross Rent Multiplier | 14.5 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.54 AC |
| Building Size | 8,760 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1970 |
| Parking Ratio | 1.37/1,000 SF |
| Zoning | C-MU-1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 12 | $1,675 | 1,000 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $279,249 (2025) | |
| Land Assessment | $110,118 (2025) | Total Assessment | $389,367 (2025) |
Property Taxes
Parcel Numbers
Land Assessment
$110,118 (2025)
Improvements Assessment
$279,249 (2025)
Total Assessment
$389,367 (2025)
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Florida Street Apartments | 739-747 Florida Street
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