Pending
1019 Imperial Beach Blvd
Imperial Beach CA, 91932
$13,500,000
Pending
Commercial
Listed by Chris Robinson with Mango Tree Real Estate Corp. 858-232-0945
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.
240000587SD
MLSⓇ ID
December 15, 2023
Listed
May 9, 2024
Updated
Map
1019 Imperial Beach Blvd
Imperial Beach CA, 91932
Interior Features
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Radiant
Exterior/Building Features
Lot Size
1.54 Acres
Roof
Tar/Gravel
Other Property Details
Area Name
91932 - Imperial Beach
Days on Market
21
Garage
No
Parking Total
68
View
No
County
San Diego
Pool
No
Zoning
Multi-Res
Buyer Agency Compensation
1%
Listing History
Date | Event | Price |
|---|---|---|
2/7/2024 | Pending | — |
2/1/2024 | Pending | — |
Listing Contact: 858-232-0945
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Data last updated on 5/9/2024 at 3:03 PM UTC