Free-Market Multifamily Building
For Sale
Contact for pricing
1039 Elder Ave, Imperial Beach, CA 91932
Five free-market multifamily buildings with 21 three-bedroom apartments in a R6 zoning area with protected tax status.
Property Size16,080 SF
Days on Market132
Property Features for 1039 Elder Ave
General Information
Standard status
Active
Size
16,080 SF
Property subtype
Multifamily
Zoning
R6
Additional Details
Highway Access
Yes
Multifamily Units
21
Listing Agency:
Ariel Property Advisors
(212) 544-9500
Listed By:
Jason Gold · License #NY 10301214771
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 21 at 10:59PM
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 Ariel Property Advisors
Investment Insights
Based on property information with market context.
The Elder & Fteley Portfolio offers a package of five free-market multifamily buildings totaling 21 residential apartments and approximately 16,080 gross square feet. The portfolio includes one 5-unit building and four 4-unit buildings, with all apartments described as spacious three-bedroom residences.
The buildings are positioned in the Soundview section of the South Bronx along Elder & Fteley Avenue, with easy access to the Bruckner Expressway, Robert F. Kennedy Bridge, Route 278, and the Bronx River Parkway. The portfolio is also described as steps from the 6 subway train.
As described by the seller, the portfolio benefits from protected tax class 2A and favorable R6 zoning, which offers roughly 12,000 buildable square feet of air rights.
The buildings are positioned in the Soundview section of the South Bronx along Elder & Fteley Avenue, with easy access to the Bruckner Expressway, Robert F. Kennedy Bridge, Route 278, and the Bronx River Parkway. The portfolio is also described as steps from the 6 subway train.
As described by the seller, the portfolio benefits from protected tax class 2A and favorable R6 zoning, which offers roughly 12,000 buildable square feet of air rights.
Key Highlights
- Package of 5 free‑market multifamily buildings totaling 21 residential apartments and 16,080 SF
- One 5‑unit building plus four 4‑unit buildings (total 22 units stated) with all apartments listed as 3‑bedroom units
- Protected Tax Class 2A and R6 zoning
Property Analytics
Current Use
Lease Details
21
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
996
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Five free-market multifamily buildings with 21 three-bedroom apartments in a R6 zoning area with protected tax status.
Where is this apartment building located?
The property is located at 1039 Elder Ave Imperial Beach, CA.
What are key features of this property?
This property features: Package of 5 free‑market multifamily buildings totaling 21 residential apartments and 16,080 SF; One 5‑unit building plus four 4‑unit buildings (total 22 units stated) with all apartments listed as 3‑bedroom units; Protected Tax Class 2A and R6 zoning
