Imperial Beach Multifamily Investment
For Sale
$1,250,000
1175-1177 Georgia, Imperial Beach, CA 91932
MULTI_FAMILY - Imperial Beach, CA
Property Size1,994 SF
Lot Size0.15 Acres
Price / SF$626.88
Days on Market97
Property Features for 1175-1177 Georgia
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-2:MINOR
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 5, Bathroom 3
Subdivision
IMPERIAL BEACH
Standard status
Active
APN
633-032-16-00
Size
1,994 SF
Lot size
0.15 Acres
Building Details
Year built
1955
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
360 Residential
(619) 432-7355
Listed By:
Jeffrey O'Neal · License #01473549
(619) 709-3196
Added: May 2
Changed: Jul 15
Last Checked: Aug 6 at 6:06AM
MLS# 260010616
Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Imperial Beach property presents an investment opportunity, featuring two fully independent homes on a single lot. Each home includes its own fenced yard, laundry hookups, separate electric meters, and street access. The property is situated in a desirable area of Imperial Beach, near local shops and restaurants, with convenient freeway access and proximity to the waterfront. The front home is a 2-bedroom, 1-bathroom residence with a new roof, spacious driveway, and a recently replaced water heater. The rear home offers 3 bedrooms, 2 baths, a two-car garage, a newer water heater, and fresh paint and appliances. The property, with a size of 1994 square feet and a lot size of 0.1485 acres, is zoned R-2:MINOR. The property's versatility makes it suitable as a turnkey investment with existing tenants or for an owner-occupant to live in one unit while renting the other.
Key Highlights
- Two fully independent homes on one lot, each with its own fenced yard and street access
- Front home: 2‑bed, 1‑bath with brand‑new composition roof and recently replaced water heater
- Rear home: 3‑bed, 2‑bath with its own two‑car garage, newer water heater, fresh paint and appliances
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 | $53.8k | $27.00 |
| − Vacancy | −$2.8k | −$1.40 |
| EGI | $51.0k | $25.60 |
| − OpEx | −$15.3k | −$7.68 |
| NOI | $35.7k | $17.92 |
1,994 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$510.4K
$446.6K – $595.5K
NOI $35,727 @ 7.0% cap · market cap 2.86%
Second Best
Apartment 5plus
$473.3K
$414.1K – $552.2K
NOI $33,131 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$913.6K
$799.4K – $1.07M
NOI $63,951 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
959
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two independent homes on one lot in Imperial Beach.
Where is this duplex located?
The property is located at 1175-1177 Georgia Imperial Beach, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two fully independent homes on one lot, each with its own fenced yard and street access; Front home: 2‑bed, 1‑bath with brand‑new composition roof and recently replaced water heater; Rear home: 3‑bed, 2‑bath with its own two‑car garage, newer water heater, fresh paint and appliances
