Sq.Ft.55,756
Year50
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Robert & Joy Aumann
(858) 752-8730ASAP
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FOR SALE: 1031 Imperial Beach Blvd. Imperial Beach CA 91932 | 230003007 |$19,000,000| Call Rob (858) 752-8730 for a TOUR!
Status:
Pending
Property Type:Com-Res Income
MLS #:230003007
Sq. Feet:55,756
On Site:5 Days
Lot Size:1.28 Acres
County:San Diego
Listing Agent/Office
Agent:Thomas Mccartin
Agent Phone:858-373-3100
Office:Marcus & Millichap
This is an amazing opportunity to own one of San Diego County's largest coastal Apartment Buildings. The bonus is that this property is very well maintained by long term ownership & management but there is immediate upside in the Rental Income! Rents are 30% below market. 50% of the units have been upgraded along with a substantial amount of Capital Improvements to the Exteriors. Opportunity to raise rents and initiate a RUBS (Utility Reimbursement) program to increase NOI. Stabilized cap rate close to 5.5% cap. Seller may consider carrying a 1st or 2nd Note. Call agent for details.
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Community Information
Address:1031 Imperial Beach Blvd., Imperial Beach, CA 91932
County:San Diego
City:Imperial Beach
Area (MLS Code):South Bay
Zip Code:91932
Features / Amenities
Amenities: Clubhouse, Rec Room
Rooms
| Dimensions | |
| Master | |
| Bedroom 2 | |
| Bedroom 3 | |
| Bedroom 4 | |
| Bedroom 5 | |
| Breakfast Area | |
| Dining Room | |
| Kitchen | |
| Living Room | |
| Family Room | |
| Extra Room 1 | |
| Extra Room 2 | |
| Extra Room 3 |
Property Features
Lot Size:
1.28 Acres
Lot Dimensions:.75 through 1.5 Acres
Zoning:R-3 RM
Tax and Financial Info
Gross Sched Income Projected: $1, 744, 800
Other Income Projected: $70, 583
Cap Rate Projected: $5.33
Actual Operating Expense: $541, 375
Actual Gross Schd Income: $1, 099, 790
Tenant Pays: Electricity, Gas
Terms: Owner May Carry 1st, Owner May Carry 2nd
Schools
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1031 Imperial Beach Blvd. Imperial Beach, CA 91932
ASAP
Tue
28
Mar
Wed
29
Mar
Thu
30
Mar
Fri
31
Mar
Sat
1
Apr
Sun
2
Apr
Mon
3
Apr
Choose Your Date -- It's Free, Cancel Anytime
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