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1485 Elder, Imperial Beach, CA 91932

$6,720,000

  • Sold
  • Closed
  • Multi-Family
  • Updated 3 days ago
1485 Elder, Imperial Beach, CA 91932 View this property at 1485 Elder, Imperial Beach, CA 91932
1485 Elder Imperial Beach CA 91932

Property Description

IB Villas, constructed in 1976, consists of 38 apartment units. Situated on a large 1.03 acre lot in a high demand rental area, the property consists entirely of 1 Bedroom / 1 Bath units. Currently 100% Occupied with the following rents: 21 @ $1,200 - 2 @ $1,161 - 11 @ $1,100 - 2 @ $1,050 - and 2 @ $900. Level all the rents to $1,200 and you have a 5% CAP rate deal. The property is well maintained and many recent improvements have been made. There is a large laundry room with 4 washers and 4 dryers for the tenants. Ample on-site parking (55 spaces). The property is located West of the I-5 on a quiet street in central Imperial Beach and just 13 blocks to the beach.

Full Property Details for 1485 Elder

  • Sold For: $6,720,000
  • Status: Closed
  • Type: Multi-Family
  • MLS ID: 170032193
  • Added: 94 day(s) ago

Property History

  • 1485 Elder, Imperial Beach, CA
  • Sold at $6,720,000 on 9/18/17
  • Listed at $7,100,000 on 6/20/17

Rooms

Other Rooms

  • Laundry: Leased

Location

  • Area: IMPERIAL BEACH (91932)
  • County: San Diego

Unit Information

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 1.03

Listed and Sold by Apartment Consultants, Inc.

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1485 Elder, Imperial Beach, CA 91932 (MLS# 170032193) is a Multi-Family property that was sold at $6,720,000 on September 18, 2017. Want to learn more about 1485 Elder? Do you have questions about finding other Multi-Family real estate for sale in Imperial Beach? You can browse all Imperial Beach real estate or contact a Coldwell Banker agent to request more information.

Listed and Sold by Apartment Consultants, Inc.