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832 Desty St 12 Unit Apartment Building $4,799,500 ($399,958/Unit) 4.75% Cap Rate San Diego, CA 92154



Investment Highlights
- Brand new construction completed in 2026 with ten (10) off street parking spaces
- Twelve-Unit Multifamily Asset with a mix of one-, and three-bedroom residences
- Drought tolerant landscaping, drip irrigation, energy efficient lighting and rooftop solar
- Prime East Imperial Beach location near major employment hubs and major transit including I5, and the 805, 905, and 75 freeways
- Premium designer fixtures and finishes, in-unit washers & dryers, split level HVAC systems, and select units with patios or balconies
- Market-rate / New construction asset provides shelter from California AB-1482 rent control measures
Executive Summary
We are pleased to present "Atlas 12 at Imperial Beach" a twelve-unit multifamily community located in the highly accessible Imperial Beach neighborhood of San Diego. This sleek boutique property offers a compelling combination of high-quality construction, modern interiors, and stable rental demand - all within one of San Diego's most strategically positioned submarkets.
Completed in 2026, Atlas 12 at Imperial Beach consists of ten (10) one-bedroom/one-bathroom units averaging approximately 496 square feet, one (1) one-bedroom/one-bathroom unit at approximately 747 square feet, and one (1) three-bedroom/two-bathroom unit at approximately 1,084 square feet. Each unit features a thoughtfully designed layout to maximize living space and functionality for today's urban renter. Interiors feature plenty of natural sunlight and are appointed with high ceilings, oversized windows, premium designer fixtures and finishes, quartz countertops, wood cabinetry, stainless-steel appliances, luxury vinyl-plank flooring, custom tile shower enclosures, ample closet space, recessed and pendant lighting, ceiling fans, split-level HVAC systems, and in-unit washers and dryers. Additionally, the property is located in a low-density residential neighborhood with ample street parking available for all tenants within walking distance to local schools and parks.
Centrally located in Imperial Beach with easy access to the beach, local dining, and major transportation routes, "Atlas 12 at Imperial Beach" benefits from excellent connectivity and tenant accessibility. The property is ideally suited for students, professionals, and residents seeking convenient access to education, employment, and lifestyle amenities. With off-street parking, minimal operational complexity, and potential for future enhancements such as accessory storage or shared amenities, "Atlas 12 at Imperial Beach" represents a rare opportunity to acquire a low-maintenance, income producing asset in one of San Diego's most resilient rental markets.
Completed in 2026, Atlas 12 at Imperial Beach consists of ten (10) one-bedroom/one-bathroom units averaging approximately 496 square feet, one (1) one-bedroom/one-bathroom unit at approximately 747 square feet, and one (1) three-bedroom/two-bathroom unit at approximately 1,084 square feet. Each unit features a thoughtfully designed layout to maximize living space and functionality for today's urban renter. Interiors feature plenty of natural sunlight and are appointed with high ceilings, oversized windows, premium designer fixtures and finishes, quartz countertops, wood cabinetry, stainless-steel appliances, luxury vinyl-plank flooring, custom tile shower enclosures, ample closet space, recessed and pendant lighting, ceiling fans, split-level HVAC systems, and in-unit washers and dryers. Additionally, the property is located in a low-density residential neighborhood with ample street parking available for all tenants within walking distance to local schools and parks.
Centrally located in Imperial Beach with easy access to the beach, local dining, and major transportation routes, "Atlas 12 at Imperial Beach" benefits from excellent connectivity and tenant accessibility. The property is ideally suited for students, professionals, and residents seeking convenient access to education, employment, and lifestyle amenities. With off-street parking, minimal operational complexity, and potential for future enhancements such as accessory storage or shared amenities, "Atlas 12 at Imperial Beach" represents a rare opportunity to acquire a low-maintenance, income producing asset in one of San Diego's most resilient rental markets.
Property Facts
| Price | $4,799,500 | Property Subtype | Apartment |
| Price Per Unit | $399,958 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 4.75% | Lot Size | 0.31 AC |
| Gross Rent Multiplier | 14.27 | Building Size | 6,759 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2025 |
| Zoning | RM-2-5 - Residential Multifamily | ||
| Price | $4,799,500 |
| Price Per Unit | $399,958 |
| Sale Type | Investment |
| Cap Rate | 4.75% |
| Gross Rent Multiplier | 14.27 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.31 AC |
| Building Size | 6,759 SF |
| No. Stories | 2 |
| Year Built | 2025 |
| Zoning | RM-2-5 - Residential Multifamily |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $2,195 | 480 - 2,880 |
| 1+1 | 4 | $2,195 | 512 - 2,048 |
| 1+1 | 1 | $2,535 | 747 |
| 3+2 | 1 | $3,545 | 1,084 |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
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