Brokerage
Brokerage
812-16 Florida Street
812-16 Florida Street, Imperial Beach, CA, USA
Active
$1,295,000
Renovated Imperial Beach Triplex
Property Type
Multifamily
Units
3
SqFt
2,152
Price
$1,295,000
Price/Unit
$431,667
Year Built
1965
Market
Imperial Beach
Price/SF
$602
Cap Rate
4.75%
GRM
14.39
Unit Mix
(3) 2bed/1bath
Property Description
Top Gun CRE, Inc. is pleased to present 812-16 Florida St, a fully renovated triplex situated in Imperial Beach, San Diego’s southernmost coastal community. This property offers a rare opportunity to acquire a well-maintained asset in a rapidly growing area known for its laid-back coastal charm and increasing popularity among renters and investors.
The subject property is comprised of three 2-bed/1-bath units, each thoughtfully upgraded with modern finishes, making them highly attractive to prospective tenants. Each unit boasts updated kitchens, bathrooms, flooring, and fixtures, creating a turnkey investment with strong leasing potential. Currently in the lease-up stage, the units are being rented at market-rate rents of $2,500 per month, with further upside anticipated.
Situated on a spacious 7,562 SF lot, the property also provides ample parking, ensuring tenant convenience and enhancing the overall appeal of the property. Outdoor spaces offer room for future enhancements, adding potential for increased rental value.
With the ongoing revitalization of Imperial Beach and easy access to major freeways, the property offers both current cash flow and long-term appreciation potential. Proximity to local amenities, dining, and scenic coastal trails enhances the property's desirability, making it an ideal acquisition for investors looking to capitalize on the area's growth and development.
Don’t miss this exceptional opportunity to acquire a stabilized and modernized asset in a highly promising coastal submarket.