Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated Four-Unit Multifamily Property Title is generated by Realmo AI

    1020 15Th St, Imperial Beach, CA 91932

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,658,000

    Turnkey four-unit multifamily property in South San Diego / Imperial Beach.

    Type:Investment
    Lot size:
    0.15 Acres
    Added:
    Apr 24, 2026
    Days on Market:
    21
    Last Refresh:
    Apr 24 at 8:28 pm

    Property Features for 1020 15Th St

    General Information

    Standard status
    Active
    Lot size
    0.15 Acres
    Property subtype
    Investment

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    Adam Cairo
    Adam Cairo

    Listing agent Adam Cairo License #01948040

    Listing office Starker West, Inc

    Listing date Apr 24, 2026

    Source Elliman

    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 Starker West, Inc

    HighLights

    • Turnkey, fully renovated four‑unit multifamily property.
    • Each unit has a private yard.
    • In‑unit washer and dryers, stainless steel appliances, quartz countertops, and modern finishes.
    • Located in the rapidly growing South San Diego / Imperial Beach corridor with strong rental demand.
    • Qualifies for FHA/VA purchase, ideal for owner‑occupants or investors.
    • Newly upgraded 200 AMP electrical panel and full fire sprinkler system.

    Overview

    The property at 1020-24 15th St is a renovated, turnkey four-unit multifamily property located in the South San Diego / Imperial Beach area. It features two 2-bedroom, 1-bathroom units and two studio units, each with an efficient layout and modern finishes. Interiors include custom cabinetry, quartz countertops, stainless steel appliances, in-unit washer and dryers, luxury vinyl plank flooring, and designer lighting. Each studio has an energy-efficient AC mini-split system. The property includes low-maintenance landscaping and a newly upgraded 200 AMP electrical panel. Each unit has its own large private yard. A full fire sprinkler system is installed. Situated on a 6,580 square foot lot, the property combines functionality, privacy, and location in a high-demand rental market with a strong military presence. It qualifies as an ideal FHA or VA purchase for owner-occupants or investors seeking long-term income and appreciation potential. The property has a bike score of 43, indicating it is somewhat bikeable, a walk score of 62, indicating it is somewhat walkable, and a transit score of 47, indicating some transit options are available.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    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

    • Map
    • Local Demand
    City
    Imperial Beach
    County
    San Diego
    State
    California
    Longitude
    -117.101573
    Latitude
    32.5772

    Nearby Similar for Sale

    • $1,200,000
      1,995 SF

      Renovated Duplex with Income Potential

      Fully renovated duplex in Imperial Beach with income potential.
      1175 Granger St 77, Imperial Beach, CA 91932
      View Details
    • $1,250,000
      1,994 SF

      Imperial Beach Multifamily Investment Opportunity

      Two independent homes on one lot in Imperial Beach.
      1175-1177 Georgia, Imperial Beach, CA 91932
      View Details
    • $1,599,900
      2,072 SF

      Imperial Beach Income Property

      Upgraded triplex near the beach in Imperial Beach, CA.
      244 DATE AVE, Imperial Beach, CA 91932
      View Details
    • $6,500,000
      14,915 SF

      Imperial Beach Commercial Asset

      Thriving beachfront community with strong connectivity and ongoing revitalization.
      535 Florence St, Imperial Beach (San Diego MSA), CA 91932
      View Details
    • $3,000,000

      Prime Corner Lot with Views

      New construction showroom/restaurant space with ocean views and customization potential.
      801 Seacoast, Imperial Beach, CA 91932
      View Details
    • $5,950,000
      13,468 SF

      Imperial Beach Sixteen-Unit Apartment Building

      Sixteen-unit apartment building in thriving Imperial Beach community.
      1091 Calla Ave, Imperial Beach, CA 91932
      View Details
    • $3,000,000
      2,950 SF

      Prime Retail Space with Views

      New construction retail space with ocean views and customization options.
      801 Seacoast, Imperial Beach, CA 91932
      View Details
    • $1,599,995
      3,450 SF

      Imperial Beach Multifamily Investment Opportunity

      Multifamily property with assumable VA loan in quiet neighborhood.
      564 11Th St, Imperial Beach, CA 91932
      View Details
    • $2,000,000

      Imperial Beach Multifamily Investment Opportunity

      Renovated multifamily property in desirable coastal rental market.
      608 7th St, Imperial Beach, CA 91932
      View Details
    • $1,099,995
      2,276 SF

      Spacious Imperial Beach Duplex

      Large duplex with separate utilities, yards, entrances, and garages.
      1352 Imperial Beach Blvd., Imperial Beach, CA 91932
      View Details
    • $1,395,000

      Imperial Beach Duplex Investment Opportunity

      Duplex near the beach with income and expansion potential.
      28 Georgia, Imperial Beach, CA 91932
      View Details
    • $2,000,000

      Imperial Beach Multifamily Investment Opportunity

      Renovated multifamily property in desirable coastal rental market.
      608 7th St, Imperial Beach, CA 91932
      View Details

    FAQs

    What type of property is this?
    Quadplex - Turnkey four-unit multifamily property in South San Diego / Imperial Beach.
    Where is this quadplex located?
    The property is located at 1020 15Th St Imperial Beach, CA.
    What is the asking price?
    The asking price for this property is $1,658,000.
    What are key features of this property?
    This property features: Turnkey, fully renovated four‑unit multifamily property.; Each unit has a private yard.; In‑unit washer and dryers, stainless steel appliances, quartz countertops, and modern finishes.
    (619) 300-0173
    We can help!
    Listing Contact
    Adam Cairo
    Adam Cairo
    Real Estate License ID: 01948040
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1020 15Th St, Imperial Beach, CA 91932
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!