1031 Imperial Beach Blvd.

Imperial Beach, CA 91932 View Map $19,000,000 Ask a Question
Sq.Ft.55,756
Year51
Robert & Joy Aumann

Robert & Joy Aumann

(858) 752-8730

Ask a Question
FOR SALE: 1031 Imperial Beach Blvd. Imperial Beach CA 91932 | 230003007 |$19,000,000| Call Rob (858) 752-8730 for a TOUR!

Status: Sold
Property Type:Com-Res Income
MLS #:230003007
Sq. Feet:55,756
Date Sold:6/7/2023
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.

Detailed Maps

Community Information

Address:1031 Imperial Beach Blvd., Imperial Beach, CA 91932
County:San Diego
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

WALKING AND TRANSPORTATION

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Listing information last updated on May 18, 2024 2:30 AM EST.