111-123 Elkwood Ave - Apartments FOR SALE


Imperial Beach, CA 91932
$2,500,000 USD
310-210-5789
111-123 Elkwood Ave, Imperial Beach, CA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/30
null | 3.3% Cap Rate

111-123 Elkwood Ave
Imperial Beach, CA 91932


HIGHLIGHTS

  • Walking distance to the beach, breweries, and restaurants.
  • Zoned for AIRBNB
  • Significant Rental Upside

OVERVIEW

LOCATION, LOCATION, LOCATION!!!! 111-123 Elkwood Ave is a well-maintained 5-unit property in Imperial Beach. The property underwent extensive capital improvements. THIS PROPERTY IS ZONED FOR AIRBNB providing an investor significant upside. It consists of a large, 2-story duplex, and a single-story triplex. The duplex consists of one 2-bed/2-bath that has in-unit washer/dryer, a private yard, an extra room, and ocean views from the second story. The other unit is a 2-bed/1-bath with two private yards, a garage, and a laundry shed. The other building is a triplex consisting of three 1-bed/1-bath units with two of them being recently renovated. The total rentable square footage for all 5-units is 2,957 square feet on a 6,929 square foot lot. The zoning is C/MU2.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$845 USD /SF

# OF UNITS

5

PRICE/UNIT

$500,000

CAP RATE

3.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1935

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

6

APN/PARCEL ID

625-391-02

ASK ABOUT THIS PROPERTY

Mario GandaraSoCal Coastal CapitalMore Info
310-210-5789

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Mario GandaraSoCal Coastal CapitalMore Info
310-210-5789

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.