163-199 Elder Ave - Apartments FOR SALE


Imperial Beach, CA 91932
$8,950,000 USD
619-884-5456
163-199 Elder Ave, Imperial Beach, CA for Sale
$8,950,000 USD
Apartments - FOR SALE
1/3
null | 4.35% Cap Rate

163-199 Elder Ave
Imperial Beach, CA 91932


HIGHLIGHTS

  • Ideal Condo Product with Condo Map
  • Ocean Views
  • Large 2 bed, 2 bath units

OVERVIEW

19 large two-bedroom, two-bathroom units. Ideal condominium product with fireplaces, two private balconies, full size washer and dryer and some ocean views. Condominium map with separate APN's and separate city water meters. Upside if sold as individual condominiums. Ample parking. Built 1988. 1 1/2 blocks to the beach. Top floor deck with spectacular ocean views. Fun walkable and bikeable community. Rent increase potential. Contact listing agent for Offering Memorandum.

FOR SALE DETAILS

PRICE

$8,950,000 USD

PRICE/SF

$471 USD /SF

# OF UNITS

19

PRICE/UNIT

$471,053

CAP RATE

4.35%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Elder Seacoast Condominiums

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1988

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,905 SF

ZONING

R3, Imperial Beach

APN/PARCEL ID

625-353-23-11

ASK ABOUT THIS PROPERTY

Ray AdamsKidder MathewsMore Info
619-884-5456

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Ray AdamsKidder MathewsMore Info
619-884-5456

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