Two-Unit Duplex with Fenced
For Sale
Contact for pricing
914-16 Florence St, Imperial Beach, CA 91932
Duplex features two-bedroom, two-bath layouts with fenced private back yards and separately metered utilities.
Property Size1,448 SF
Price / SF$587.02
Days on Market25
Property Features for 914-16 Florence St
General Information
Standard status
Active
Size
1,448 SF
Property subtype
Multifamily
Additional Details
Fenced Yard
Yes
Building Details
Year Built
1957
Tenancy
Multi
Listing Agency:
South Coast Commercial, Inc.
Listed By:
Dennis Dillard · License #02010625
Source:
Crexi
Added: Jul 7
Changed: Jul 22
Last Checked: Jul 30 at 9:29AM
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 South Coast Commercial, Inc.
Investment Insights
Based on property information with market context.
This duplex includes two separate homes, each thoughtfully laid out with two bedrooms and two bathrooms. The property is operated as detached single-family residences with a three-bedroom, two-bath configuration. Both units offer outdoor space with large private, fully fenced back yards, along with partially fenced front yards designed for coastal living. The property also features separate utility metering, with tenants responsible for their own utilities, supporting straightforward ownership and management.
Located in Imperial Beach, the duplex provides a residential income setup in a compact, duplex format.
With two distinct, detached-feel homes and separate utility meters, the property is positioned for tenants who benefit from individual utility responsibility and private outdoor areas.
Located in Imperial Beach, the duplex provides a residential income setup in a compact, duplex format.
With two distinct, detached-feel homes and separate utility meters, the property is positioned for tenants who benefit from individual utility responsibility and private outdoor areas.
Key Highlights
- Duplex built in 1957 with two‑bedroom, two‑bath layouts
- Operated as three‑bedroom, two‑bath detached SFRs
- Large private, fully fenced back yards plus partially fenced front yards
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 | $39.1k | $27.00 |
| − Vacancy | −$2.0k | −$1.40 |
| EGI | $37.1k | $25.60 |
| − OpEx | −$11.1k | −$7.68 |
| NOI | $25.9k | $17.92 |
1,448 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$370.6K
$324.3K – $432.4K
NOI $25,944 @ 7.0% cap · market cap 3.05%
Second Best
Apartment 5plus
$343.7K
$300.7K – $401.0K
NOI $24,059 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$663.4K
$580.5K – $774.0K
NOI $46,440 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
987
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex features two-bedroom, two-bath layouts with fenced private back yards and separately metered utilities.
Where is this duplex located?
The property is located at 914-16 Florence St Imperial Beach, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Duplex built in 1957 with two‑bedroom, two‑bath layouts; Operated as three‑bedroom, two‑bath detached SFRs; Large private, fully fenced back yards plus partially fenced front yards
