Imperial Beach Multi-Unit
For Sale
$1,149,000
Pending
943 Georgia St, Imperial Beach, CA 91932
Multi-unit property with remodeled and new construction units.
Property Size2,946 SF
Lot Size0.17 Acres
Days on Market206
Property Features for 943 Georgia St
General Information
Standard status
Pending
Size
2,946 SF
Lot size
0.17 Acres
Property subtype
Investment
Building Details
Building Size
2,946 SF
Year Built
1980
Units
4
Listing Agency:
Real Estate eBroker, Inc.
Listed By:
George Wood Jr. · License #01907938
(619) 820-7896
Source:
Elliman
Added: Mar 31
Changed: Oct 11
Last Checked: Oct 20 at 9:45PM
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 Real Estate eBroker, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multi-unit property features a mix of recently remodeled units and new construction. It is suitable for adding to a rental portfolio or for accommodating immediate or extended family members.
Key Highlights
- Multi‑unit property suitable for rental portfolio expansion.
- Ideal for immediate/extended family living in separate units.
- Mix of recently remodeled and new construction.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,949
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$978,980
$979.0K
Cap Rate 7%
$699,271
$699.3K
Cap Rate 9%
$543,878
$543.9K
Market Conditions
NOI Build-Up for 2,946 SF
Gross rent
$93.7K $31.80/SF
− Vacancy
−$4.7K −$1.59/SF
EGI
$89.0K $30.21/SF
− OpEx
−$40.0K −$13.59/SF
NOI
$48.9K $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%
$978,980
Cap Rate 7%
$699,271
Cap Rate 9%
$543,878
Alternative Uses
Best Use
Apartment 5plus
$699.3K
$611.9K – $815.8K
NOI $48,949 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,483 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,036
Businesses Nearby
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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
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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?
Multifamily property - Multi-unit property with remodeled and new construction units.
Where is this multifamily property located?
The property is located at 943 Georgia St Imperial Beach, CA.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: Multi‑unit property suitable for rental portfolio expansion.; Ideal for immediate/extended family living in separate units.; Mix of recently remodeled and new construction.
