613 Florence St - Apartments FOR SALE


Imperial Beach, CA 91932
$2,249,000 USD
619-784-1031
613 Florence St, Imperial Beach, CA for Sale
$2,249,000 USD
Apartments - FOR SALE
1/13
null | 5.86% Cap Rate

613 Florence St
Imperial Beach, CA 91932


HIGHLIGHTS

  • Fully Remodeled, Turnkey Property
  • Detached 3Bdrm/2Bath Front House (In-Unit Laundry)
  • Rear Building Comprised of (4) 1Bdrm/1Bath Units
  • Strong In-Place Cap Rate
  • Onsite Laundry, Air-Conditioning and Off-Street Parking

OVERVIEW

Fantastic opportunity to purchase an extremely well-located and completely remodeled 5-unit apartment community in Imperial Beach (South Bay San Diego). 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.

FOR SALE DETAILS

PRICE

$2,249,000 USD

PRICE/SF

$666 USD /SF

# OF UNITS

5

PRICE/UNIT

$449,800

CAP RATE

5.86%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Coastal Southbay Multifamily - 5.01% Cap

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

7

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C/MU-1

APN/PARCEL ID

626-242-18-00

ASK ABOUT THIS PROPERTY

James V. CarterApartment Realty GroupMore Info
619-784-1031

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James V. CarterApartment Realty GroupMore Info
619-784-1031

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