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565 Florida St, Imperial Beach, CA 91932

Commercial property · 2 recorded sales since 2012

565 Florida St, Imperial Beach, CA 91932 Sold March 2025 CRMLS
$2,235,000Sold March 2025

Listing Agent: Terry Moore (DRE #00918512) · Listing Office: Apartment Consultants Incorporated · Contact: 619-299-3000 · Bought with: Karla Vidrio · Familiar Real Estate · MLS #240027402SD · Source: CRMLS

5
Units
4.10%
Cap Rate
$100,336
NOI
11,148 sqft
Lot Size
Commercial property
Type

About this commercial property

565 Florida is a detached four bed/two bath house. 567 Florida is comprised of two duplexes each with twin two bed/one and a half bath townhome units. The cost per square foot and GRM are the lowest in IB now, Dollars/ SF is lower than anything that has been listed in IB in the past year. GRM is lower than average of what has been listed in IB in the last year. The average of recent Imperial Beach sales has been $560/SF. That would imply a value over $3,200,000 for this property. The four townhome apartments each have attached garages and private patios. The four garages offer an opportunity to add ADUs to create extra income. All units are individually metered for water, gas and electric. Each unit has individual laundry hookups.

Listing description from the March 2025 sale, as reported to CRMLS.

Sale history

$2,235,000
Sold March 2025 · listed $2,459,000, on market November 2024 · MLS #240027402SD · Source: CRMLS
Listing Agent: Terry Moore · Listing Office: Apartment Consultants Incorporated · Contact: 619-299-3000 · Bought with: Karla Vidrio · Familiar Real Estate
$800,000
Sold July 2012 · listed $835,000, orig. $850,000, on market February 2012 · MLS #120008565 · Source: CRMLS
Listing Agent: Jorge Jimenez · Listing Office: Marcus & Millichap · Contact: 858-373-3100 · Bought with: Jorge Jimenez · Marcus & Millichap
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