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1193 Florence Street, Imperial Beach, CA 91932

Commercial property · 3 recorded sales since 2016

1193 Florence Street, Imperial Beach, CA 91932 Sold September 2020 CRMLS
$2,600,000Sold September 2020

Listing Agent: Mark Morgan (DRE #01339919) · Listing Office: Apartment Consultants, Inc. · Contact: 619-299-3000 · Bought with: Seth Watje · South Coast Commercial, Inc. · MLS #200022586 · Source: CRMLS

12
Units
4.80%
Cap Rate
$137,244
NOI
9,000 sqft
Lot Size
Commercial property
Type

About this commercial property

Great unit mix here with 7-2Br/1Ba units and 5-1Br/1Ba units. Some of the units have been upgraded with granite countertops, new tile showers, new appliances, and new flooring. Immediate rental upside. Brand new roof in 2017. New dual pane windows throughout. 17 on-site parking spaces + ample street parking in the mostly residential neighborhood. Laundry Room and serene BBQ patio area are both enjoyed by tenants. Walking distance to shops, restaurants, and public transportation. 12 blocks to the beach. Solid Imperial Beach location west of 13th St.

Listing description from the September 2020 sale, as reported to CRMLS.

Sale history

$2,600,000
Sold September 2020 · listed $2,850,000, on market May 2020 · MLS #200022586 · Source: CRMLS
Listing Agent: Mark Morgan · Listing Office: Apartment Consultants, Inc. · Contact: 619-299-3000 · Bought with: Seth Watje · South Coast Commercial, Inc.
$1,905,000
Sold March 2016 · listed $1,895,000, on market January 2016 · MLS #160000562 · Source: CRMLS
Listing Agent: Michael Boyd · Listing Office: Coldwell Banker · Contact: 949-661-9355 · Bought with: Mark Morgan · Apartment Consultants, Inc.
$1,905,000
Sold March 2016 · listed $1,895,000, on market January 2016 · MLS #OC16001742 · Source: CRMLS
Listing Agent: Michael Boyd · Listing Office: Coldwell Banker Res. Brokerage · Contact: 949-661-9355 · Bought with: Michael Boyd · Coldwell Banker Res. Brokerage
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