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

January 8, 2024

Listed

May 25, 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 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/25/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 5/25/2024 at 2:03 AM UTC

 

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