1166 Imperial Beach Blvd - Multi-Family FOR SALE


Imperial Beach, CA 91932
$1,600,000 USD
859-433-8741
1166 Imperial Beach Blvd, Imperial Beach, CA for Sale
$1,600,000 USD
Multi-Family - FOR SALE
1/24
null | 4.37% Cap Rate

1166 Imperial Beach Blvd
Imperial Beach, CA 91932


HIGHLIGHTS

  • Rare 3-on-1 Investment Opportunity in Imperial Beach
  • Three Detached Homes, Each with Full-Size Double Car Garage & Parking in Front
  • Value-Add Opportunity Through Light Renovation, 1993 Construction
  • Private Backyard & Patio for Every Home
  • Walking Distance to the Beach, Imperial Beach Pier, Bayshore Bikeway

OVERVIEW

Whitewater Commercial Real Estate presents a rare opportunity to acquire a unique asset located in the vibrant community of Imperial Beach, CA. Built in 1993, 1166-68 Imperial Beach Blvd is a classic 3-on-1 investment property situated on a single lot in Imperial Beach. The property features an attractive unit mix consisting of (3) fully detached 3-bedroom/2.5-bathroom homes, each equipped with a full-size double car garage with parking in front. Each home offers a functional two-story layout, with the kitchen, living room, half bathroom, and full two-car garage located on the main level, and all three bedrooms upstairs — including a primary suite with an attached bathroom, plus two additional bedrooms sharing a full bathroom. Residents also enjoy in-unit laundry, a private backyard, and a dedicated patio area for every home. The property is offered in largely original condition, presenting investors with a compelling value-add opportunity. Some of the three homes have already been updated with newer kitchen appliances, including refrigerators and ranges, and the classic 3-on-1 configuration offers meaningful upside through further interior renovation.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$358 USD /SF

# OF UNITS

3

PRICE/UNIT

$533,333

CAP RATE

4.37%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Florida Palms 3-on-1

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1993

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

626-532-11

ASK ABOUT THIS PROPERTY

Carson TrujilloWhitewater Commercial Real EstateMore Info
859-433-8741

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Carson TrujilloWhitewater Commercial Real EstateMore Info
859-433-8741

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.