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1139 Granger

Active

$950,000

Drone Video

Property Type

Multifamily

Units

2

SqFt

1,896

Price

$950,000

Price/Unit

$425,000

Year Built

1959

Market

Imperial Beach

Price/SF

$501

Cap Rate

3.42%

GRM

20.48

Unit Mix

(2) 2Bed/1Bath

Property Description

Duplex in Imperial Beach with recent capital improvements including new exterior paint, windows, hot water heaters, asphalt driveway, and fencing. Both units are oversized 2 bedroom / 1 bathroom layouts, each with a private yard and attached one car garage. The two garages share an adjoining wall, creating potential for a third unit through a garage/ADU conversion. Both units are currently tenant occupied. Approximately 42% rent upside on existing units with opportunity to renovate interiors upon unit turns and achieve market rents.

Contact Agent

Nick Hernandez

619.602.0263

DRE # 02207439

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