Individually Metered Duplex with
For Sale
$789,000
919 21 Georgia Street, Imperial Beach, CA 91932
Duplex offers two occupied 2-bedroom, 1-bath units with separate utilities and gated rear driveway parking.
Property Size2,000 SF
Price / SF$394.50
Days on Market114
Property Features for 919 21 Georgia Street
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Multi Family
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Year Built
1972
Tenancy
Multi
Listing Agency:
United Real Estate San Diego
(858) 361-6095
Listed By:
Ryan Schuder · License #01900202
(858) 361-6095
Source:
Exitrealty
Added: Apr 10
Changed: Jul 23
Last Checked: Aug 1 at 9:15AM
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 United Real Estate San Diego
Investment Insights
Based on property information with market context.
This individually metered IB duplex provides two occupied units with generous 2-bedroom, 1-bath layouts. Unit 921 has been updated with vinyl plank flooring, an open-concept living area, stainless steel appliances, and an upgraded bathroom with a tiled shower stall. It also includes a functional outdoor laundry room and a newer water heater. Unit 919 follows the same floorplan and is in place for a buyer looking to refresh finishes, as it “just needs some TLC.”
In addition to each unit’s living space, the property offers a lengthy gated rear driveway and separate back alley parking, which can support current parking needs and provide flexibility for future improvements.
With both units currently occupied, the duplex presents a straightforward rental setup with separate metering and a defined rear access and parking arrangement.
In addition to each unit’s living space, the property offers a lengthy gated rear driveway and separate back alley parking, which can support current parking needs and provide flexibility for future improvements.
With both units currently occupied, the duplex presents a straightforward rental setup with separate metering and a defined rear access and parking arrangement.
Key Highlights
- IB duplex built in 1972 with two occupied 2‑bedroom, 1‑bath units, each about 1,000 sq ft
- Both units are individually metered for separate utilities
- Unit 921 updated with vinyl plank flooring, open‑concept living area, and stainless steel appliances
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 | $54.0k | $27.00 |
| − Vacancy | −$2.8k | −$1.40 |
| EGI | $51.2k | $25.60 |
| − OpEx | −$15.4k | −$7.68 |
| NOI | $35.8k | $17.92 |
2,000 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$511.9K
$447.9K – $597.2K
NOI $35,834 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$474.7K
$415.4K – $553.9K
NOI $33,231 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$916.3K
$801.8K – $1.07M
NOI $64,143 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,017
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 offers two occupied 2-bedroom, 1-bath units with separate utilities and gated rear driveway parking.
Where is this duplex located?
The property is located at 919 21 Georgia Street Imperial Beach, CA.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: IB duplex built in 1972 with two occupied 2‑bedroom, 1‑bath units, each about 1,000 sq ft; Both units are individually metered for separate utilities; Unit 921 updated with vinyl plank flooring, open‑concept living area, and stainless steel appliances
