Imperial Beach, CA 91932,1019 Imperial Beach Blvd
Imperial Beach, CA 91932,1019 Imperial Beach Blvd
Imperial Beach, CA 91932,1019 Imperial Beach Blvd
$12,750,000
Est. payment /mo
$13,500,000
5.6%
Est.Price: ?

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1.54 Acres Lot
SOLD DATE : 05/15/2024

Key Details

Sold Price $12,750,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 240000587SD

Sold Date 05/15/24

HOA Y/N No

Lot Size 1.540 Acres

Property Description

The Sussex Gardens Apts is a true pride of ownership 53 unit community with significant value add potential via new more proactive Management. There are 36-1Bed units of various floorplans, 16-2Bed units with two separate floorplans and a detached 3Bed house on Ivy Lane (same parcel) totaling 53 current leased units. Current ownership has kept rents significantly under market while nearly half of the units have been remodeled in the last few years with new wood cabinets, flooring, quartz countertops, new vanities, paint, ceiling popcorn removal among other upgrades. Common area amenities include ample parking, a clubhouse, pool, 8-garages and a large laundry room with owned equipment that produces significant extra monthly income. Ownership is charging extra rent for select extra parking spaces and pet rent. ADU possibilities exist from the current clubhouse, a bonus storage unit on the front upper level of the property and 8 detached garages on the West side of the property.

Location

State CA

County San Diego

Area 91932 - Imperial Beach

Zoning Multi-Res

Interior

Heating Radiant

Fireplace No

Exterior

Roof Type Tar/Gravel

Total Parking Spaces 68

Others

Tax ID 6321223300

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash to New Loan

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California Regional MLS (CRMLS)
Listed by Chris Robinson • Mango Tree Real Estate Corp.
Bought with Chris Robinson • Mango Tree Real Estate Corp.

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Max Chuong Thai

+1(323) 309-3423

Agent | License ID: 02134406

Agent License ID: 02134406

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