800 Emory St - Apartments FOR SALE


Imperial Beach, CA 91932
$2,500,000 USD
760-929-7846
800 Emory St, Imperial Beach, CA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/15
null | 4.4% Cap Rate

800 Emory St
Imperial Beach, CA 91932


HIGHLIGHTS

  • Updated 1+1, each w/ own parking
  • Laundry on Site, potential linen closet w/d conversion
  • Newer windows, paint, façade
  • Building shows well and is light and bright
  • Walkable to retail & resturants
  • Kitchens, floors, baths & appliances updated about 10 years ago

OVERVIEW

Extra clean and well maintained, 9-unit apartment building located in Imperial Beach, just a block south of Palm, 1 mile to beach and one block to The Scoreboard Bar, Raising Cane’s, Jersey Mike’s, Five Guys, Starbucks, Grocery Outlet, Chase Bank. Tenants can park their cars and not drive all weekend. In 2018 approximately, the building underwent extensive renovations with upgraded interiors including kitchens, baths, fixtures, floors, doors, new exterior façade, paint, upgraded windows, roof and modern finishes. Each unit is spacious and situated well with dining room, living room, large bathrooms featuring a shower, bath, tile. There are multiple sliding closets and a linen closet. Each unit features individual water heaters. We believe there are multiple options to add washer dryer in unit. Each unit features a parking spot, with approximately 10-11 parking spots. Especially once the washer/dryers are installed, we think there may be room for a 10th unit on the west side of the building, to replace the existing laundry room and tuck under parking area. This is a nice building, in a great area, drive by and take a look. Owner would like to take the equity here and exchange into something larger in San Diego County, if you have a suitable exchange, 10-20 units, please contact us asap.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$485 USD /SF

# OF UNITS

9

PRICE/UNIT

$277,778

CAP RATE

4.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lowest $/Unit in Imperial Beach

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

R-2000

APN/PARCEL ID

626-321-16

ASK ABOUT THIS PROPERTY

Eric von BluecherEric von BluecherMore Info
760-929-7846

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Eric von BluecherEric von BluecherMore Info
760-929-7846

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