258 Date Ave - Apartments FOR SALE


Imperial Beach, CA 91932
$3,700,000 USD
760-822-9861
258 Date Ave, Imperial Beach, CA for Sale
$3,700,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

258 Date Ave
Imperial Beach, CA 91932


HIGHLIGHTS

  • Premier condominium beach community with condo map for future conversion
  • All spacious two-bed & two-bath floor plans averaging 996 SF
  • In-unit full size washer & dryers, central heat, private balconies, and all individually metered for gas, electric, and water
  • Secured access garage with 11 spaces, 7 carports, and private storage
  • Walking distance to beach, restaurants, shops, parks, and entertainment
  • Value-add opportunity with significant immediate rental upside

OVERVIEW

CBRE is pleased to offer for sale 258 Date Avenue, a 9-unit condominium quality beach community with a condo map for future conversion, ideally located steps away from the beach, shops, restaurants, and entertainment of Imperial Beach. This prime value-add opportunity offers a new investor significant immediate rental upside. Built in 1989, the property features all spacious two-bedroom and two bathroom floor plans averaging 996 SF with central heat, full size washer and dryer, private balconies, and all individually metered for gas, electric, and water. The property also includes a secured access garage with 11 parking spaces, 7 carports, and private storage. The property passed the SB 721/E3 balcony inspection on February 3, 2025. The area attracts young professionals, families, retirees, and Naval personnel from the Navy Seal Training Center and Naval Outlying Landing Field, all seeking a beach lifestyle with strong sense of community. All of which make Imperial Beach ideal for multifamily investment.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$413 USD /SF

# OF UNITS

9

PRICE/UNIT

$411,111

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

R3

APN/PARCEL ID

625-282-24

ASK ABOUT THIS PROPERTY

Philip BuckleyCBRE, Inc.More Info
760-822-9861

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Philip BuckleyCBRE, Inc.More Info
760-822-9861

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