Five-Unit Apartment
1240-70 Holly Ave Imperial, Imperial Beach, CA 91932
For Sale
$2,600,000
Detached residences offer private front and rear yards, with garage or covered-carport parking serving each home.
Property Size5,260 SF
Lot Size0.67 Acres
Days on Market98
Property Features for 1240-70 Holly Ave Imperial
General Information
Standard status
Size
Net Rentable
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Public Transit
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Listing Agency:
BERKSHIRE HATHAWAY HOME SERVICES
Listed By:
Thomas Rico · License CA #01198997
(760) 805-6300
Source:
Thebrokerlist
Added: Aug 9
Changed: Nov 11
Last Checked: Nov 12 at 4:07AM
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 BERKSHIRE HATHAWAY HOME SERVICES
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property contains five detached, single-family-style residences totaling approximately 5,260 rentable square feet, along with a substantial rear storage structure. The unit mix comprises two two-bedroom, one-bath homes of roughly 860 square feet each, two three-bedroom, one-bath homes of about 1,008 square feet each, and one two-bedroom, two-bath residence measuring approximately 1,524 square feet. Each home includes front and rear yard areas. Parking consists of four single-car garages and one covered carport. Improvements completed over time include painting, flooring, selected plumbing and electrical work, roof replacement and maintenance, refreshed kitchen and bath surfaces, wall heaters, and fencing. One residence is vacant and ready for leasing, while another is occupied month to month.
The approximately 0.67-acre site is west of Interstate 5 and about two miles from the Pacific Ocean. R-3000 zoning allows detached and attached dwelling units at a maximum density of 14 units per acre; the stated site area supports a maximum of nine dwelling units, subject to applicable approvals. Access is provided through driveways only.
The approximately 0.67-acre site is west of Interstate 5 and about two miles from the Pacific Ocean. R-3000 zoning allows detached and attached dwelling units at a maximum density of 14 units per acre; the stated site area supports a maximum of nine dwelling units, subject to applicable approvals. Access is provided through driveways only.
Key Highlights
- Five detached residences totaling approximately 5,260 rentable square feet
- Unit mix includes two 2‑bedroom/1‑bath, two 3‑bedroom/1‑bath, and one 2‑bedroom/2‑bath homes
- Approximately 0.67‑acre site with R‑3000 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,398
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,747,960
$1.7M
Cap Rate 7%
$1,248,543
$1.2M
Cap Rate 9%
$971,089
$971.1K
Market Conditions
NOI Build-Up for 5,260 SF
Gross rent
$167.3K $31.80/SF
− Vacancy
−$8.4K −$1.59/SF
EGI
$158.9K $30.21/SF
− OpEx
−$71.5K −$13.59/SF
NOI
$87.4K $16.62/SF
Area
San Diego County, CA
Vacancy
5.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,747,960
Cap Rate 7%
$1,248,543
Cap Rate 9%
$971,089
Alternative Uses
Best Use
Apartment 5plus
$1.25M
$1.09M – $1.46M
NOI $87,398 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,697 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
5
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
394
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
$811,000
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in San Diego County, CA
Properties on Market for Apartment buildings in San Diego County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Detached residences offer private front and rear yards, with garage or covered-carport parking serving each home.
Where is this apartment building located?
The property is located at 1240-70 Holly Ave Imperial Imperial Beach, CA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Five detached residences totaling approximately 5,260 rentable square feet; Unit mix includes two 2‑bedroom/1‑bath, two 3‑bedroom/1‑bath, and one 2‑bedroom/2‑bath homes; Approximately 0.67‑acre site with R‑3000 zoning
