273 Date Ave - Apartments FOR SALE


Imperial Beach, CA 91932
$1,500,000 USD
925-997-0459
273 Date Ave, Imperial Beach, CA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

273 Date Ave
Imperial Beach, CA 91932


HIGHLIGHTS

  • Premier Imperial Beach location steps from the beach with significant rental upside
  • Ideal unit mix with 1,960 square foot three-bedroom two-and-a-half-bathroom multilevel townhomes, individually metered for gas, electric and water
  • Walking distance to the beach, employment, restaurants, shopping, cafes, schools, parks, and entertainment
  • Private in-unit laundry for each unit inside each units individual two car garages
  • Convenient access to the Silver Strand and Interstate 5
  • One unit held vacant for immediate renovation upside or move-in by owner-occupant

OVERVIEW

CBRE is pleased to offer for sale 273 Date Avenue, a two-unit residential community located just two blocks from the sand in San Diego County’s Imperial Beach. An excellent investment or owner-occupant opportunity, 273 Date offers a new investor significant immediate rental upside or the ability to live in one unit while renting out the other, as one unit is currently being held vacant by ownership. Built in 1981, the property features an ideal unit mix of two (2) spacious three-bedroom, two-and-a-half-bathroom, townhome-style floor plans, each with its own attached two-car garage, in-unit laundry, and interior courtyard. Each unit is individually metered for water, gas, and electricity, allowing an owner to fully recover utility expenses or have tenants pay their utility expenses directly to service providers. The property enjoys proximity to employment, restaurants, entertainment, shopping, parks, schools, and the beach. As a result, 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

$1,500,000 USD

PRICE/SF

$243 USD /SF

# OF UNITS

2

PRICE/UNIT

$750,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,744 SF

ZONING

R-2000

APN/PARCEL ID

625-283-22

ASK ABOUT THIS PROPERTY

Sam CookeCBREMore Info
925-997-0459

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

Sam CookeCBREMore Info
925-997-0459

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