OUR AGENTS' LISTINGS

1484-90 15th St
South Bay Imperial Beach 91932

$1,499,900
2-4 Units built: 1967

Main Photo: IMPERIAL BEACH Property for sale: 1484-90 15th St
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Status:
Active
Prop. Type:
2-4 Units
MLS® Num:
220015190
Year Built:
1967
This is your rare chance to buy the ONLY fourplex west of I-5 listed for sale at a price under $1.5M! 15th St is one of the highest Cap Rate 4-unit properties for sale at this price point in all of San Diego County. Just two miles from the beach and west of Interstate 5, you can own an ideal investment apartment complex in the rapidly growing beach community of Imperial Beach. All units are continuously fully leased and include 2 bedrooms / 1 bath, outdoor yard space, on-site laundry, and 8 off-street parking spaces. Current annual revenue, including laundry income, is $85,248 and proforma rents will produce over $105,600/year.
Lot Size:
4,000-7,499 SF
Number of Buildings:
1
Number of Units:
4
Year Built:
1967
Stories:
2 Story
Total Stories:
2
Market Area:
South Bay
Community:
IMPERIAL BEACH
County:
San Diego
Neighborhood Code:
Imperial Beach
Name of Complex/Subdivision:
N/A
Mello Roos Fee:
0.0
Monthly Total Fees:
0.0
Other Fees:
0.0
Tenant pays:
Cable TV, Electricity, Gas/Propane
Projected net operating income:
74976
Other income:
760
Projected other income:
760.0
Annual expense actual:
24503
Projected annual expense:
30624
Cap Rate.:
4.0
Projected Cap Rate.:
5.0
Gross Rent Multiplier:
17.8
Projected Gross Rent Multiplier:
14.2
Gross scheduled income:
84492
Projected gross scheduled income:
105600
Unit Number for Unit 1:
1484
Finished Area for Unit 1:
910 sq. ft.
Bedrooms for Unit 1:
2
Number of bathrooms for Unit 1:
1
Full Bathrooms for Unit 1:
1
Half Bathrooms for Unit 1:
0
Deposit for Unit 1:
100.0
Total Rent for Unit 1:
1491.0
Projected Rent for Unit 1:
2200.0
Parking for Unit 1:
Uncovered
Unit 1 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 1:
Common
Unit Number for Unit 2:
1486
Finished Area for Unit 2:
910 sq. ft.
Bedrooms for Unit 2:
2
Number of bathrooms for Unit 2:
1
Full Bathrooms for Unit 2:
1
Half Bathrooms for Unit 2:
0
Deposit for Unit 2:
1500.0
Total Rent for Unit 2:
1825.0
Projected Rent for Unit 2:
2200.0
Parking for Unit 2:
Uncovered
Unit 2 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 2:
Common
Unit Number for Unit 3:
1488
Finished Area for Unit 3:
910 sq. ft.
Bedrooms for Unit 3:
2
Number of bathrooms for Unit 3:
1
Full Bathrooms for Unit 3:
1
Half Bathrooms for Unit 3:
0
Deposit for Unit 3:
1700.0
Total Rent for Unit 3:
1800.0
Projected Rent for Unit 3:
2200.0
Parking for Unit 3:
Uncovered
Unit 3 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 3:
Common
Unit Number for Unit 4:
1490
Finished Area for Unit 4:
910 sq. ft.
Bedrooms for Unit 4:
2
Number of bathrooms for Unit 4:
1
Full Bathrooms for Unit 4:
1
Half Bathrooms for Unit 4:
0
Deposit for Unit 4:
1500.0
Total Rent for Unit 4:
1875.0
Projected Rent for Unit 4:
2200.0
Parking for Unit 4:
Uncovered
Unit 4 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 4:
Common
Take advantage of South Bay's growth and appreciating rental market by buying into an investment property within close proximity to some of the region’s most rapidly growing job locations including the Navy’s newly built $1B Silver Strand Training Complex, the $1.3B Chula Vista Bayfront Development, and Amazon’s new 3 million sqft fulfillment center, the largest in all of California.
Satellite Blvd
Complex Features:
Laundry Facilities
Exterior Features:
Stucco
Cooling:
None
Heating:
Wall/Gravity
Heating fuel:
Natural Gas
Number of Units with Cooling:
0
Number of Units with Dishwashers:
0
Number of Units with Dryers:
0
Number of Units with Fireplaces:
0
Number of Furnished Units:
0
Number of Units with Garages:
0
Number of Units with Patios:
2
Number of Units with Range/Oven:
4
Number of Units with Refrigerators:
4
Number of Units with Washers:
0
Roof:
Rolled/Hot Mop
Security:
N/K
Fencing:
Partial
Short Sale:
No
Listing Type:
Exclusive Agency (A)
Age Restrictions:
N/K
Sales Restrictions:
N/K
Terms:
Cal Vet, Cash, Conventional, Exchange, FHA, VA
Parcel Number:
633-232-45-00
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Data was last updated June 26, 2022 at 07:10 AM (UTC)
Area Statistics
Listings on market:
33
Avg list price:
$1,075,000
Min list price:
$619,000
Max list price:
$8,000,000
Avg days on market:
69
Min days on market:
5
Max days on market:
1,974
Avg price per sq.ft.:
$154.71
These statistics are generated based on the current listing's property type and located in South Bay. Average values are derived using median calculations.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego Multiple Listing Service, Inc.