5460-5468 Imperial Ave - Apartments FOR SALE


San Diego, CA 92114- Valencia Park
$6,300,000 USD
858-373-3196
5460-5468 Imperial Ave, San Diego, CA for Sale
$6,300,000 USD
Apartments - FOR SALE
1/30
null | 6.24% Cap Rate

5460-5468 Imperial Ave
San Diego, CA 92114
Valencia Park


HIGHLIGHTS

  • Excellent Unit Mix with Majority of 2BR units
  • Gated Complex with plenty of Gated Off Street Parking and 6 Garages. On Site Laundry Facilities.
  • Gated Complex with plenty of Gated Off Street Parking and 6 Garages. On Site Laundry Facilities.
  • Potential to Add ADUs on large lot or Convert Garages to ADUs
  • Built in 1984 And Renovated in 2012. All new Pitched Roofs in 2019. Select Units with updated Flooring and Countertops.
  • Low Irrigation Landscaping to help save on water costs.

OVERVIEW

The sale is contingent on a 15-day Notice of Proposed Action to the heirs of the estate and their consent or lack of objection, pursuant to California Probate Code Sections 10587–10591. 1. The seller is the probate administrator. 2. Any personal property conveyed is without warranty. 3. This sale is AS-IS. All reports are provided for disclosure purposes only. The seller will not make any repairs. The Imperial Terrace Apartments is a 28-unit garden-style apartment community located just a few miles from downtown San Diego. This gated complex consists of five two-story buildings on a 23,958 SF (.55-acre) flag-shaped lot. Built in 1984 and renovated in 2012, the property has been well maintained under professional management. There is immediate upside in rents, with comparable nearby updated units achieving rates approximately 15% higher. With a desirable unit mix of mostly two-bedroom units, the property appeals to families with young children. Several elementary, middle, and high schools are located nearby. In addition, residents benefit from numerous shopping options, including several grocery stores and a Walmart Supercenter just a short drive away. Tenants also enjoy the convenience of multiple public transportation lines and easy access to the 805 and 5 freeways.

FOR SALE DETAILS

PRICE

$6,300,000 USD

PRICE/SF

$295 USD /SF

# OF UNITS

28

PRICE/UNIT

$225,000

CAP RATE

6.24%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Imperial Terrace Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

C, San Diego

APN/PARCEL ID

548-090-25

ASK ABOUT THIS PROPERTY

Thomas McCartinThe McCartin GroupMore Info
858-373-3196

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Thomas McCartinThe McCartin GroupMore Info
858-373-3196

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