Imperial Beach Multifamily Investment
564 11Th St Imperial Beach, CA 91932
564 11Th St, Imperial Beach, CA, 91932
$1,599,995
For Sale
$1,599,995
Multifamily property with assumable VA loan in quiet neighborhood.
Property Size3,450 SF
Price / SF$463.77
Days on Market85
Property Features for 564 11Th St
General Information
- Standard status
- Active
- Size
- 3,450 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1980
Listing Agency
Starker West
(619) 813-7583
Listed by
Eric Lowe
(619) 813-7583
Source
Elliman
Added: Apr 24 Checked: Jul 17 at 6:11 am
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 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
Local Financial Insights For Apartment 5plus
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 | $109.7k | $31.80 |
| − Vacancy | −$5.5k | −$1.59 |
| EGI | $104.2k | $30.21 |
| − OpEx | −$46.9k | −$13.59 |
| NOI | $57.3k | $16.62 |
3,450 SF · lease $31.80/SF/yr · vacancy 5.00% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
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 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
