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

Status: Pending
  • 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.

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

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