1485 Elder Imperial Beach, CA 91932
IB Villas, constructed in 1976, consists of 38 apartment units. Situated on a large 1.03 acre lot in a high demand rental area, the property consists entirely of 1 Bedroom / 1 Bath units. Currently 100% Occupied with the following rents: 21 @ $1,200 - 2 @ $1,161 - 11 @ $1,100 - 2 @ $1,050 - and 2 @ $900. Level all the rents to $1,200 and you have a 5% CAP rate deal. The property is well maintained and many recent improvements have been made. There is a large laundry room with 4 washers and 4 dryers for the tenants. Ample on-site parking (55 spaces). The property is located West of the I-5 on a quiet street in central Imperial Beach and just 13 blocks to the beach.
Interior Features Include:
Floor Type: Vinyl, Wall to Wall Carpet
Exterior Features Include:
Fully Landscaped, Part Fenced
Acreage: 1.0300 Acres
Exterior: Drywall, Stucco
Total Parking Spaces 55
Other Features Include:
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2013 Sandicor®, Inc.