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613-615 Florence St

Imperial Beach, CA 91932
  • $2,249,000
  • STATUS: ACTIVE
  • ON SITE: 42 Days
  • ID#: 240023173
Price Reduced
UPDATED: 83 min ago
$2,249,000
  • 7
    BEDS
  • 0.17
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Fantastic opportunity to purchase an extremely well-located and completely remodeled 5-unit apartment community in Imperial Beach. The front house is a 3Bedroom/2Bathroom House (1,200sf) with a private back and side-yard and in-unit laundry. The rear building consists of four (4) spacious 1Bedroom/1Bathroom units. There is ample onsite parking and a laundry room. The property has been remodeled top-to-bottom and offers an investor a turnkey asset with strong in-place rents.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.talechiaandassociates.com/homes/156047816
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613-615 Florence St Imperial Beach, CA 91932

  • Price: $2,249,000
  • Status: ACTIVE
  • On Site: 42 Days
  • Updated: 83 min ago
  • ID#: 240023173
7
Beds
6
Baths
0
½ Baths
0.17
Acres
Neighborhood:
Imperial Beach (91932)
County:
San Diego
Area:
Imperial Beach (91932)
Property Description
Fantastic opportunity to purchase an extremely well-located and completely remodeled 5-unit apartment community in Imperial Beach. The front house is a 3Bedroom/2Bathroom House (1,200sf) with a private back and side-yard and in-unit laundry. The rear building consists of four (4) spacious 1Bedroom/1Bathroom units. There is ample onsite parking and a laundry room. The property has been remodeled top-to-bottom and offers an investor a turnkey asset with strong in-place rents.
Exterior Features

Carports 0 Construction Stucco Parking Spaces Total 8 Roof Composition Units With Garages 0

Interior Features

Floors SlabWood Sq Ft Of Improvement 3376 Unit Furnished1 Yes Unit Furnished2 Yes Unit Furnished3 No Unit Furnished4 No Unit Furnished5 No Units With Dishwashers 5 Units With Disposals 5 Units With Ranges 5 Units With Refrigerators 5

Property Features

Actual Cap Rate 5.86 Actual Gross Operating Income 181002 Actual Gross Scheduled Income 186600.0 Actual Operating Expense 49183 Assumable Finance 0 Buildings 1 Gross Equity 2279000 Gross Multiplier 12.05 Have 5-Units Leased Apartments 5 Mandatory Remarks None Known Market Area South Bay Monthly Rent Total 14234 Motive Want Sell Other Income Actual 1380 Other Income Amount $900 Other Income Source Wash/Pet Projected Cap Rate 6.14 Projected Gross Multiplier 11.63 Projected Gross Operating Inc 187579 Projected Gross Scheduled Inc 193380 Projected Net Income 138067 Projected Operating Expense 49512 Projected Other Income 1380 Short Sale No Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Unit Number1 1 Unit Number2 1 Unit Number3 1 Unit Number4 1 Unit Number5 1 Unit Rent Total1 5000 Unit Rent Total2 2595 Unit Rent Total3 2950 Unit Rent Total4 2395 Unit Rent Total5 2495 Unit Rent1 5000 Unit Rent2 2595 Unit Rent3 2950 Unit Rent4 2395 Unit Rent5 2495 Zoning C/MU-1

San Diego MLS logo Listing provided courtesy of James Carter of Apartment Realty Group (ARG): 619-784-1031. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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