Multifamily Income
562-564 11Th St Imperial Beach, CA 91932
For Sale
$1,599,995
Pending
Quadplex with four separate units, alley access, and separate utilities for each unit in Imperial Beach.
Property Size3,450 SF
Days on Market54
Property Features for 562-564 11Th St
General Information
- Standard status
- Pending
- Size
- 3,450 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1980
Listing Agency:
Starker West
(619) 776-2681
Listed By:
Eric Lowe
(619) 776-2681
Source:
Elliman
Added: Jun 3
Changed: Jul 23
Last Checked: Jul 26 at 10:53AM
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
Investment Insights
Based on property information with market context.
This multifamily quadplex includes one 3-bedroom, 2-bath house and three 2-bedroom, 1-bath units. The property is described as well-maintained and professionally managed, with separate entrances and alley access that support independent tenant use.
Each unit is provided with separated gas, electric, and water meters. The asset is located in a quiet North Imperial Beach neighborhood, one block from the Silver Strand Bikeway and within walking distance of local businesses such as Trident Coffee and Rad Power Bikes. It is also listed as two blocks from Palm Avenue, providing quick access toward I-5 and the South Bay commercial hubs.
The overall configuration provides four residential rental units within a single property, with utility separation designed to help simplify unit-level billing and operations.
Each unit is provided with separated gas, electric, and water meters. The asset is located in a quiet North Imperial Beach neighborhood, one block from the Silver Strand Bikeway and within walking distance of local businesses such as Trident Coffee and Rad Power Bikes. It is also listed as two blocks from Palm Avenue, providing quick access toward I-5 and the South Bay commercial hubs.
The overall configuration provides four residential rental units within a single property, with utility separation designed to help simplify unit-level billing and operations.
Key Highlights
- Quadplex built in 1980 in Imperial Beach with one 3BD/2BA house (~1,200 SF) plus three 2BD/1BA units (each ~750 SF)
- Separate entrances with alley access for the four‑unit setup
- Separated gas/electric/water meters for each unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $93.2k | $27.00 |
| − Vacancy | −$4.8k | −$1.40 |
| EGI | $88.3k | $25.60 |
| − OpEx | −$26.5k | −$7.68 |
| NOI | $61.8k | $17.92 |
3,450 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$883.1K
$772.7K – $1.03M
NOI $61,814 @ 7.0% cap · market cap 3.86%
Second Best
Apartment 5plus
$818.9K
$716.5K – $955.4K
NOI $57,323 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,647 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Quadplex with four separate units, alley access, and separate utilities for each unit in Imperial Beach.
Where is this quadplex located?
The property is located at 562-564 11Th St Imperial Beach, CA.
What is the asking price?
The asking price for this property is $1,599,995.
What are key features of this property?
This property features: Quadplex built in 1980 in Imperial Beach with one 3BD/2BA house (~1,200 SF) plus three 2BD/1BA units (each ~750 SF); Separate entrances with alley access for the four‑unit setup; Separated gas/electric/water meters for each unit
