Imperial Beach Multifamily Investment
For Sale
$1,599,995
Pending
562 564 11Th St, Imperial Beach, CA 91932
Multifamily property with assumable VA loan in quiet neighborhood.
Property Size3,450 SF
Days on Market176
Property Features for 562 564 11Th St
General Information
Standard status
Pending
Size
3,450 SF
Property subtype
Investment
Building Details
Year Built
1980
Stories
2
Units
3
Listing Agency:
Starker West
Listed By:
Eric Lowe
(619) 813-7583
Source:
Elliman
Added: Apr 24
Changed: Oct 14
Last Checked: Oct 16 at 10:41AM
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
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Investment Insights
Based on property information with market context.
This multifamily investment property is located in a quiet North Imperial Beach neighborhood. The property is well-maintained and professionally managed with long-term, quiet tenants. It features alley access, separate entrances, and separated gas, electric, and water meters. The property consists of one 3-bedroom, 2-bathroom house of approximately 1,200 square feet and three 2-bedroom, 1-bathroom units, each approximately 750 square feet. Located one block from the Silver Strand Bikeway and within walking distance to Trident Coffee and Rad Power Bikes, the property is also two blocks from Palm Avenue, providing quick access to I-5, Coronado Island, and South Bay commercial hubs. The location has a walk score of 84, indicating it is very walkable, a bike score of 59, indicating it is bikeable, and a transit score of 45, indicating some transit options are available.
Key Highlights
- Assumable VA loan at 2.75%
- Multifamily investment property featuring a 3BD/2BA house and three 2BD/1BA units.
- Located in a desirable North Imperial Beach neighborhood
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,323
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,146,460
$1.1M
Cap Rate 7%
$818,900
$818.9K
Cap Rate 9%
$636,922
$636.9K
Market Conditions
NOI Build-Up for 3,450 SF
Gross rent
$109.7K $31.80/SF
− Vacancy
−$5.5K −$1.59/SF
EGI
$104.2K $30.21/SF
− OpEx
−$46.9K −$13.59/SF
NOI
$57.3K $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%
$1,146,460
Cap Rate 7%
$818,900
Cap Rate 9%
$636,922
Alternative Uses
Best Use
Apartment 5plus
$818.9K
$716.5K – $955.4K
NOI $57,323 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
786
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with assumable VA loan in quiet neighborhood.
Where is this apartment building 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: Assumable VA loan at 2.75%; Multifamily investment property featuring a 3BD/2BA house and three 2BD/1BA units.; Located in a desirable North Imperial Beach neighborhood
