1150 11th St - Apartments FOR SALE


Imperial Beach, CA 91932
$2,799,000 USD
619-226-6011
1150 11th St, Imperial Beach, CA for Sale
$2,799,000 USD
Apartments - FOR SALE
1/12
null | 3.78% Cap Rate

1150 11th St
Imperial Beach, CA 91932


HIGHLIGHTS

  • HUGE Value-Add Potential: 9 Garages to potentially convert into ADU's
  • Large 16,000+ Sqft Lot
  • Townhome style two story units

OVERVIEW

1150 11th Street is a 6 unit apartment complex located in the city of Imperial beach. The versatility offered at the subject property is extraordinarily rare. A buyer has the opportunity to purchase existing units, with the ability to build additional ADU units. Equipped with 9 garages and situated on a 16,061 square foot lot, this property o?ers a new owner in-place cash flow and future upside. Replete with a strong unit mix of all 3-bedrooms and 2-bedroom units, the asset is a great match for a traditional investor or a 1031 exchange buyer

FOR SALE DETAILS

PRICE

$2,799,000 USD

PRICE/SF

$421 USD /SF

# OF UNITS

6

PRICE/UNIT

$466,500

CAP RATE

3.78%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

RHD, Imperial Beach

APN/PARCEL ID

632-130-36-00

ASK ABOUT THIS PROPERTY

Brian NelsonSouth Coast Commercial, Inc.More Info
619-226-6011

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Brian NelsonSouth Coast Commercial, Inc.More Info
619-226-6011

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