Imperial Beach Duplex Investment
For Sale
Contact for pricing
1026-28 Georgia, Imperial Beach, CA 91932
Duplex near the beach with income and expansion potential.
Property Size2,856 SF
Price / SF$463.94
Days on Market167
Property Features for 1026-28 Georgia
General Information
Standard status
Active
Size
2,856 SF
Property subtype
Multifamily
Building Details
Year Built
1988
Buildings
1
Stories
2
Units
2
Listing Agency:
Arrow Real Estate
Listed By:
Elizabeth Rowe · License #01917609
(858) 224-2457
Source:
Crexi
Added: Mar 20
Changed: Aug 31
Last Checked: Jul 30 at 10:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Arrow Real Estate
Investment Insights
Based on property information with market context.
This duplex in Imperial Beach presents an investment opportunity, situated minutes from the beach. Each unit features 3 bedrooms and 2.5 baths, with spacious layouts designed to attract renters. The property includes front and back yards, along with a detached 2-car garage for each unit. Alley access is also available. The 2,856 square foot lot may allow for additional units or expansion, pending city approval, which could increase rental income. This property is suited for investors seeking an income-producing asset in a high-demand location.
Key Highlights
- Prime duplex investment opportunity in Imperial Beach, minutes from the beach.
- Each unit features 3 bedrooms and 2.5 baths with spacious layouts.
- Strong rental appeal with income‑producing potential.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,172
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,023,440
$1.0M
Cap Rate 7%
$731,029
$731.0K
Cap Rate 9%
$568,578
$568.6K
Market Conditions
NOI Build-Up for 2,856 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$77.1K $27.00/SF
− Vacancy
−$4.0K −$1.40/SF
EGI
$73.1K $25.60/SF
− OpEx
−$21.9K −$7.68/SF
NOI
$51.2K $17.92/SF
Area
San Diego County, CA
Vacancy
5.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,023,440
Cap Rate 7%
$731,029
Cap Rate 9%
$568,578
Alternative Uses
Best Use
Multifamily LT 5
$731.0K
$639.7K – $852.9K
NOI $51,172 @ 7.0% cap · market cap 3.86%
Second Best
Apartment 5plus
$677.9K
$593.2K – $790.9K
NOI $47,454 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$1.31M
$1.14M – $1.53M
NOI $91,597 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,017
Businesses Nearby
Explore this area
Business Placement
Demographics for 91932, CA
26,013
Population
10,276
Households
2.5
Avg Household Size
35
Median Age
24%
College-Educated
85%
High-School Grad
4.3 sq mi
ZIP Area
6,050
Density / Sq Mi
$79,071
Median Household Income
$41,917
Median Earnings
$1,914
Median Rent
$811,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex near the beach with income and expansion potential.
Where is this duplex located?
The property is located at 1026-28 Georgia Imperial Beach, CA.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Prime duplex investment opportunity in Imperial Beach, minutes from the beach.; Each unit features 3 bedrooms and 2.5 baths with spacious layouts.; Strong rental appeal with income‑producing potential.
