562-564 11th St - Apartments FOR SALE


Imperial Beach, CA 91932
$1,599,995 USD
619-776-2681
562-564 11th St, Imperial Beach, CA for Sale
$1,599,995 USD
Apartments - FOR SALE
1/31
null | 5.31% Cap Rate

562-564 11th St
Imperial Beach, CA 91932


HIGHLIGHTS

  • Prime Coastal Location with Strong Walkability
  • Attractive Unit Mix with Strong Income Profile
  • High-Quality Tenant Base Driven by Location
  • Well-Maintained Property with Recent Upgrades

OVERVIEW

Rare 2.75% assumable VA loan! Multifamily investment property located in quiet North Imperial Beach neighborhood. Property consists of one 3BD/2BA house (~1,200SF) and three 2BD/1BA units (each ~750SF). Property is well-maintained, professionally managed, and located in a desirable neighborhood of Imperial Beach with long term, quiet tenants. Property features include alley access, separate entrances, separated gas/electric/water meters. Located just one block to the Silver Strand Bikeway and walking distance to Trident Coffee, Rad Power Bikes, and more. The Property is two blocks from Palm Avenue, offering quick access to I-5, Coronado Island, and South Bay commercial hubs.

FOR SALE DETAILS

PRICE

$1,599,995 USD

PRICE/SF

$485 USD /SF

# OF UNITS

4

PRICE/UNIT

$399,999

CAP RATE

5.31%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,997 SF

ZONING

R-3000-D

APN/PARCEL ID

626-114-18

ASK ABOUT THIS PROPERTY

Eric LowePierson PostMore Info
619-776-2681

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Eric LowePierson PostMore Info
619-776-2681

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