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    Upgraded Triplex with Private Yards Title is generated by Realmo AI

    1284 15th St 88, Imperial Beach, CA 91932

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    For Sale
    $1,350,000

    Triplex - Imperial Beach, CA

    Type:Triplex
    Property size:
    2,762 SF
    Lot size:
    7,725.00 Acres
    Price / SF:
    $488/SF
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 6:06 am

    Property Features for 1284 15th St 88

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Zoning
    R-2 Minor Multiple
    Bedrooms
    6
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking
    9
    Exterior features
    Community Features Included: Street Lights, Sidewalks, Level, No Landscaping, Front Yard, Walkstreet, Back Yard, Yard
    Standard status
    Active
    APN
    6331121300
    Size
    2,762 SF
    Lot size
    7,725.00 Acres

    Building Details

    Year built
    1954
    Floors in Building
    2
    Number of units
    3
    Architectural style
    Other

    We can help!

    Listing Contact
    Sergio Pena

    Listing agent Sergio Pena License #01765089

    Listing office Coldwell Banker West 864 Amena Court, Chula Vista, CA

    Listing date Jun 3, 2026

    MLS# PTP2604299 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Imperial Beach multi‑unit property with 3 upgraded units on a single lot, each updated approximately five years ago with a new roof
    • Unit 1284: single‑level 2 bed/1 bath approx. 760 SF with attached garage, washer/dryer hookups, and private yard
    • Unit 1286: approx. 1,300 SF over two levels with in‑unit laundry on main floor and 2 bedrooms/2 baths upstairs, plus private yard
    • Unit 1288: approx. 700 SF over two levels with 2 bed/1 bath and laundry on the main level, plus private yard
    • Additional features include two garages and three separate gas meters
    • Street lights and sidewalks; property includes level outdoor space with front and back yards

    Overview

    This upgraded triplex is configured as three separate residential units on a single lot. Unit 1284 is a single-level 2 bed/1 bath home with an attached garage, washer/dryer hookups, and a private yard. Unit 1286 is a two-level layout with living room, dining area, kitchen, and a full bath plus in-unit laundry on the main floor, with 2 bedrooms and 2 baths on the upper level, and it includes a private yard. Unit 1288 is a two-level plan with 2 bedrooms and 1 bath upstairs, and the main level features a living room, dining area, kitchen, full bath, laundry, and a private yard. All three units were updated approximately five years ago with a new roof and contemporary finishes.

    The property totals 2,762 square feet on a lot size of about 0.18 acres. Additional practical features include two garages and three separate gas meters.

    With three independently laid out units and private yard space across the building, the property may appeal to investors seeking a multi-unit setup or households looking for multi-generational living under one ownership structure. The listing is zoned R-2 Minor Multiple.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness 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
    -117.10167
    Latitude
    32.5731

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    FAQs

    What type of property is this?
    Triplex - Three updated residential units on one lot, each with private yard space and separate utility setups.
    Where is this triplex located?
    The property is located at 1284 15th St 88 Imperial Beach, CA.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: Imperial Beach multi‑unit property with 3 upgraded units on a single lot, each updated approximately five years ago with a new roof; Unit 1284: single‑level 2 bed/1 bath approx. 760 SF with attached garage, washer/dryer hookups, and private yard; Unit 1286: approx. 1,300 SF over two levels with in‑unit laundry on main floor and 2 bedrooms/2 baths upstairs, plus private yard
    (619) 279-9888
    We can help!
    Listing Contact
    Sergio Pena
    Real Estate License ID: 01765089
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    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.

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