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Primary Photo for Listing #170000810
1193 Florence
Imperial Beach, California CA 91932
Listing ID 170000810
Price: $2,850,000
SOLD Status
9,000 Square Feet
IB Villas has recently undergone many improvements to the exterior and interiors of the units. New dual-pane windows throughout the property have just been installed. Great unit mix of 7-2Br/1Ba units and 5-1Br/1Ba units. Effective March 1, 2017 all 1 Bedroom units will be renting for $1,250 and all 2 Bedroom units will be renting for $1,450. The property is gated with secured intercom access. The tenants enjoy an on-site laundry room and spacious BBQ patio area with ivy covered walls. There are 17 on-site parking spaces. The property is 100% occupied.
Address: 1193 Florence
City: Imperial Beach
Postal Code: 91932
County: San Diego
Age: 1960
Property Type: Commercial-Residential Income
Number of Units: 12
Price/Unit: 237500
Cap Rate Actual: 4.6
Cap Rate Projected: 4.8
Gross Multiplier: 14.3
Projected Gross Multiplier: 13.8
Square Feet: 9,000

Listing courtesy of Apartment Consultants, Inc.
©2017 Sandicor, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from Sandicor, Inc. The information being provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data updated on Wednesday, August 16th, 2017.

Contact - Listing ID 170000810

ACI - Apartment Consultants, Inc.

2635 Camino del Rio South
Suite 300, CA 92108
Phone: 6192993000
Fax: 6192998536

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