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5460 Imperial Ave San Diego, CA 92114

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For Sale
Pending
$6,300,000

28-unit apartment community near downtown San Diego.

Lot size:
0.55 Acres

Property Features for 5460 Imperial Ave

General Information

Property type
Commercial
Standard status
Pending
Lot size
0.55 Acres

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Listing Contact
Thomas Mccartin
Source: Elliman

Listing Agent: Thomas Mccartin

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Imperial Terrace Apartments For Sale

The Imperial Terrace Apartments is a 28-unit garden-style apartment community situated a few miles from downtown San Diego. Constructed in 1984 and renovated in 2012, this gated complex comprises five two-story buildings on a 23,958 square foot (0.55-acre) flag-shaped lot. The property has been professionally managed and well-maintained. The unit mix primarily consists of two-bedroom units, appealing to families with young children. Several elementary, middle, and high schools are located in close proximity. Residents have access to numerous shopping options, including grocery stores and a Walmart Supercenter within a short drive. Multiple public transportation lines and convenient access to the 805 and 5 freeways are available. Nine of the two-bedroom units have been converted from one-bedroom units with a den, where the den was converted into a bedroom without a built-in closet. The one-bedroom unit is listed on the title as a legal unit; the buyer is responsible for confirming its legal dwelling status. The sale is contingent on a 15-day Notice of Proposed Action to the heirs of the estate and their consent or lack of objection, pursuant to California Probate Code Sections 10587–10591. The seller is the probate administrator, and any personal property conveyed is without warranty. The sale is AS-IS, and all reports are provided for disclosure purposes only; the seller will not make any repairs.
Location Intelligence

Current Use by Public Records

Margoso Pet Supplies Department Store

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
San Diego
County
San Diego
State
California
Longitude
-117.0777472
Latitude
32.7075714

FAQs

What type of property is this?
Apartment building - 28-unit apartment community near downtown San Diego.
Where is this apartment building located?
The property is located at 5460 Imperial Ave San Diego, CA.
What is the asking price?
The asking price for this property is $6,300,000.
What are key features of this property?
This property features: - Immediate upside in rents: Comparable nearby updated units achieve approximately 15% higher rates.; - Desirable unit mix: Primarily two-bedroom units, appealing to families.; - Well-maintained property: Built in 1984 and renovated in 2012 under professional management.
More about this property
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