1031 Imperial Beach Blvd., Imperial Beach CA 91932 | $19,000,000

Status: Pending

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0 bedrooms
0 bathrooms
0 Sq Ft
0 Lot Sq Ft
Type: Commercial/Residential
Stories: 0
Year Built: 0
MLS#: 230003007SD
Community: 91932 - Imperial Beach

Listing provided courtesy of Thomas McCartin of Marcus & Millichap. Last updated 2023-03-26 09:04:16.000000. Listing information © 2023 SANDICOR.

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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.

More Details

Parking Spots: 79.00

Carport Spaces: 0.00

Construction Materials: Stucco

Carol Stanford

Call or Text: 619.987.8766

Thank you!

Pacific Sothebys

Carol Stanford
CalBRE #01390529

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