Detached 3-Unit Residential Income
1166 Imperial Beach Boulevard Imperial Beach, CA 91932
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For Sale
Contact for pricing
Three fully detached 3-bedroom homes on one lot, each with a double car garage, in-unit laundry, and private outdoor space.
Property Size4,464 SF
Price / SF$358.42
Days on Market6
Property Features for 1166 Imperial Beach Boulevard
General Information
Standard status
Active
Size
4,464 SF
Property subtype
Multifamily
Building Details
Year Built
1993
Listing Agency:
WHITEWATER Commercial Real Estate
(859) 433-8741
Listed By:
Carson Trujillo · License #CA 01974818
Source:
Crexi
Added: Jul 22
Changed: Jul 25
Last Checked: Jul 25 at 4:51PM
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 WHITEWATER Commercial Real Estate
Investment Insights
Based on property information with market context.
Built in 1993, this 3-on-1 residential income property is located on a single lot and consists of three fully detached two-story homes. Each home features a main-level layout with kitchen, living room, a half bathroom, and a full-size double car garage with parking in front, with three bedrooms located upstairs. Each home includes in-unit laundry and a private backyard plus a dedicated patio area.
The three units are described as largely original condition. Some homes have already been updated with newer kitchen appliances, including refrigerators and ranges, providing an opportunity for further interior renovation.
The property’s unit mix is three-bedroom, with 2.5 bathrooms per home, including a primary suite with an attached bathroom and two additional bedrooms sharing a full bathroom.
The three units are described as largely original condition. Some homes have already been updated with newer kitchen appliances, including refrigerators and ranges, providing an opportunity for further interior renovation.
The property’s unit mix is three-bedroom, with 2.5 bathrooms per home, including a primary suite with an attached bathroom and two additional bedrooms sharing a full bathroom.
Key Highlights
- Built in 1993: 3‑on‑1 investment property with three fully detached 3‑bedroom homes on a single lot in Imperial Beach, CA.
- Each home includes a full‑size double car garage with parking in front.
- Two‑story layout: kitchen, living room, half bath, and two‑car garage on the main level; three bedrooms upstairs.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $120.5k | $27.00 |
| − Vacancy | −$6.3k | −$1.40 |
| EGI | $114.3k | $25.60 |
| − OpEx | −$34.3k | −$7.68 |
| NOI | $80.0k | $17.92 |
4,464 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$999.8K – $1.33M
NOI $79,982 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$1.06M
$927.2K – $1.24M
NOI $74,172 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$2.05M
$1.79M – $2.39M
NOI $143,168 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Three fully detached 3-bedroom homes on one lot, each with a double car garage, in-unit laundry, and private outdoor space.
Where is this triplex located?
The property is located at 1166 Imperial Beach Boulevard Imperial Beach, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Built in 1993: 3‑on‑1 investment property with three fully detached 3‑bedroom homes on a single lot in Imperial Beach, CA.; Each home includes a full‑size double car garage with parking in front.; Two‑story layout: kitchen, living room, half bath, and two‑car garage on the main level; three bedrooms upstairs.
