Multi-Unit Residential Income
943 Georgia Street Imperial Beach, CA 91932
943 Georgia Street, Imperial Beach, CA, 91932
Contact for pricing
For Sale
Contact for pricing
Pending
Multi-unit residential income property with a mix of recently remodeled units and new construction.
Property Size2,947 SF
Days on Market120
Property Features for 943 Georgia Street
General Information
- Standard status
- Pending
- Size
- 2,947 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1980
Listing agency
Real Estate eBroker, Inc.
(619) 820-7896
Listed by
George Wood · License #01907938
Source
Crexi
Added: Mar 26 Updated: Jul 20 at 10:03PM Checked: Jul 22 at 12:51PM
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.
Investment Insights
Based on property information with market context.
This multi-unit residential income property offers a combination of recently remodeled units and new construction. It’s set up as a legal multi-unit configuration, making it suitable for owners looking to generate rental income or accommodate extended-family living with separate units under the same property umbrella.
The property is located at 943 Georgia Street in Imperial Beach, California. It is currently offered for sale and is presented as move-ready for an owner-occupant or investor seeking a turnkey multi-unit setup.
As described, the value of the asset centers on its blend of updated interiors and newly constructed components within one multi-unit property.
The property is located at 943 Georgia Street in Imperial Beach, California. It is currently offered for sale and is presented as move-ready for an owner-occupant or investor seeking a turnkey multi-unit setup.
As described, the value of the asset centers on its blend of updated interiors and newly constructed components within one multi-unit property.
Key Highlights
- Multi‑unit residential income property with a mix of recently remodeled units and new construction
- Year built: 1980
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 | $93.7k | $31.80 |
| − Vacancy | −$4.7k | −$1.59 |
| EGI | $89.0k | $30.21 |
| − OpEx | −$40.1k | −$13.59 |
| NOI | $49.0k | $16.62 |
2,947 SF · lease $31.80/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$699.5K
$612.1K – $816.1K
NOI $48,966 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,515 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Multi-unit residential income property with a mix of recently remodeled units and new construction.
Where is this multifamily property located?
The property is located at 943 Georgia Street Imperial Beach, CA.
What is the asking price?
The asking price for this property is $1,549,000.
What are key features of this property?
This property features: Multi‑unit residential income property with a mix of recently remodeled units and new construction; Year built: 1980
