832 Desty St - Apartments FOR SALE


San Diego, CA 92154- Palm City
$4,799,500 USD
503-929-9432
832 Desty St, San Diego, CA for Sale
$4,799,500 USD
Apartments - FOR SALE
1/88
null | 4.75% Cap Rate

832 Desty St
San Diego, CA 92154
Palm City


HIGHLIGHTS

  • Brand new construction completed in 2026 with ten (10) off street parking spaces
  • Prime East Imperial Beach location near major employment hubs and major transit including I5, and the 805, 905, and 75 freeways
  • Twelve-Unit Multifamily Asset with a mix of one-, and three-bedroom residences
  • Premium designer fixtures and finishes, in-unit washers & dryers, split level HVAC systems, and select units with patios or balconies
  • Drought tolerant landscaping, drip irrigation, energy efficient lighting and rooftop solar
  • Market-rate / New construction asset provides shelter from California AB-1482 rent control measures

OVERVIEW

We are pleased to present "Atlas 12 at Imperial Beach" a twelve-unit multifamily community located in the highly accessible Imperial Beach neighborhood of San Diego. This sleek boutique property offers a compelling combination of high-quality construction, modern interiors, and stable rental demand - all within one of San Diego's most strategically positioned submarkets. Completed in 2026, Atlas 12 at Imperial Beach consists of ten (10) one-bedroom/one-bathroom units averaging approximately 496 square feet, one (1) one-bedroom/one-bathroom unit at approximately 747 square feet, and one (1) three-bedroom/two-bathroom unit at approximately 1,084 square feet. Each unit features a thoughtfully designed layout to maximize living space and functionality for today's urban renter. Interiors feature plenty of natural sunlight and are appointed with high ceilings, oversized windows, premium designer fixtures and finishes, quartz countertops, wood cabinetry, stainless-steel appliances, luxury vinyl-plank flooring, custom tile shower enclosures, ample closet space, recessed and pendant lighting, ceiling fans, split-level HVAC systems, and in-unit washers and dryers. Additionally, the property is located in a low-density residential neighborhood with ample street parking available for all tenants within walking distance to local schools and parks. Centrally located in Imperial Beach with easy access to the beach, local dining, and major transportation routes, "Atlas 12 at Imperial Beach" benefits from excellent connectivity and tenant accessibility. The property is ideally suited for students, professionals, and residents seeking convenient access to education, employment, and lifestyle amenities. With off-street parking, minimal operational complexity, and potential for future enhancements such as accessory storage or shared amenities, "Atlas 12 at Imperial Beach" represents a rare opportunity to acquire a low-maintenance, income producing asset in one of San Diego's most resilient rental markets.

FOR SALE DETAILS

PRICE

$4,799,500 USD

PRICE/SF

$710 USD /SF

# OF UNITS

12

PRICE/UNIT

$399,958

CAP RATE

4.75%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

RM-2-5

APN/PARCEL ID

628-200-11

ASK ABOUT THIS PROPERTY

Graeme HendersonMarcus & MillichapMore Info
503-929-9432

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

Graeme HendersonMarcus & MillichapMore Info
503-929-9432

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