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812-16 Florida Street

812 Florida Street, Imperial Beach, CA, USA

Pending

$1,375,000

Value-add Three-unit Residential Income Property

Marketing Package
Drone Video

Property Type

Multifamily

Units

3

SqFt

2,264

Price

$1,375,000

Price/Unit

$458,333

Year Built

1965

Market

Imperial Beach

Price/SF

$607

Cap Rate

1.14%

GRM

33.21

Unit Mix

(3) 2bed/1bath

Property Description

Top Gun CRE is pleased to present 812-16 Florida St, a value-add three-unit residential income property located in the vibrant community of Imperial Beach, CA.

This offering consists of a duplex with two 2bed/1bath units that are approximately 768 square feet each, and a detached 2bed/1bath single-family home that is approximately 728 square feet, all on a substantial 7562 SF lot.

This property also features a large driveway with plenty of room for off-street parking. The true value of this property lies in its significant rental upside potential through interior unit renovations allowing new leases at market rates.

Situated in an enviable location close to alluring beaches and a vibrant community atmosphere, this property stands as an ideal venture for investors keen on realizing significant growth and enhancing value in a sought-after coastal market.

Contact Agent

Nick Hernandez

786.334.7569

02207439

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