For Sale
$1,270,000

812-16 Florida StImperial Beach, CA 91932

Renovated coastal triplex, strong ROI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This fully renovated Imperial Beach triplex presents a compelling investment opportunity. The property, located at 812-16 Florida St, Imperial Beach, CA 91932, consists of three 2-bedroom, 1-bathroom units, each meticulously updated in 2024 with modern kitchens, bathrooms, flooring, and fixtures. Situated on a sizable 7,562 square foot lot, the property offers ample parking. The asking price is $1,270,000, representing a price per unit of $423,333.33 and a price per square foot of $590.15. The property boasts a pro-forma NOI of $61,511 and a pro-forma cap rate of 4.84%. Built in 1965, this stabilized investment property features two buildings, each one story high, and is zoned R-2000. The total square footage is 2,152. Two units currently command a monthly rent of $2,500 each, with the third unit available for immediate occupancy or owner use (pro-forma rent of $2500). Its prime location in the rapidly growing coastal community of Imperial Beach offers easy access to freeways, local amenities, and scenic trails, promising both immediate cash flow and significant long-term appreciation potential. This turnkey investment is ideal for those seeking a stable, high-return property in a desirable coastal market. The APN is 626-331-17-00.

Highlights

  • Three renovated 2-bed/1-bath units with modern kitchens and baths.
  • Two units command $2,500/month rent; third unit vacant, projected at $2,500/month.
  • 7,562 SF lot with ample parking.
  • Prime Imperial Beach location near freeways, amenities, and trails.
  • Excellent cash flow and long-term appreciation potential.

Property Details for 812-16 Florida St

Property type
Apartment buildings
Square Feet
2,152 SF
Year Built/Renovated
1965/2024
Buildings
2
Stories
1
Units
3

Location Insight

City
Imperial Beach
County
San Diego
State
California
Latitude
32.58191
Longitude
-117.109755
812-16 Florida St, Imperial Beach, California

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812-16 Florida St
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