NOT LISTED FOR SALE

1122 11th St Imperial Beach, CA 91932

6 Beds
5 Baths
2,662 Sq Ft
1958 Built

Last Sold December 13, 2021

Last sale price $1,300,000 $488 Per Sq Ft

9 Days on Market

About This Home

As of December 2021

CALLING ALL INVESTORS! This is the perfect opportunity to purchase a cashflow triplex with one of the highest CAP rates in all of IB with self management. Property consists of one detached 2 bed 1 bath unit, and two attached 2 bed 2 bath units. All units have private outdoor space, in unit laundry, and 2 car parking/unit. Sellers added all new roofs, fully upgraded electrical, 2 of 3 units have new kitchens and bathrooms, new paint and other upgrades. Purchase owner occupied, lease at market rent or have a lucrative AirBNB. Less than 2 miles from the beach, this triplex is your perfect turn-key opportunity.

Last Agent to Sell the Property

Dana Marel Dugan

Compass License #02079212 Listed on: 11/11/2021

Compass

Co-Listed By

Patrick Kappel

Compass License #02017034

Last Buyer's Agent

Sherry Chen

Compass License #02109149

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Home Design

  • Stucco Exterior

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas

Additional Features

  • 2-Story Property
  • Partially Fenced Property

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 632-130-42-00

Community Details

Overview

  • 2 Buildings
  • 3 Units

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $52,956

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: Imperial Beach Blvd
  • Neighborhood: Imperial Beach
  • LP / Sq Ft: 19.43
  • Stories: 2 Story
  • Sale Price List Price: 1.18
  • Total Stories: 2
  • Year Built: 1958
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 2
  • Prkng Non Garage Spac U3: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial

Utilities

  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: IMPERIAL BEACH

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 632-130-42-00

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 52956
  • Annual Expense Actual: 19250
  • Annual Expense Projected: 19250
  • Gross Rent Multiplier Actual: 14.9
  • Gross Rent Multiplier Projected: 14.2
  • Gross Sched Income Actual: 73680
  • Gross Sched Income Projected: 77400
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 3
  • Number Of Units With Dryers: 3
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 3

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2021 12/13/21 Sold $1,300,000 +18.2% $488 / Sq Ft
11/21/2021 11/21/21 Pending -- -- --
11/11/2021 11/11/21 For Sale $1,099,999 +23.6% $413 / Sq Ft
10/22/2020 10/22/20 Sold $890,000 -2.6% $332 / Sq Ft
09/06/2020 09/06/20 Pending -- -- --
09/03/2020 09/03/20 For Sale $914,000 +2.7% $341 / Sq Ft
09/02/2020 09/02/20 Off Market $890,000 -- --
06/29/2020 06/29/20 Price Changed $914,000 -0.1% $341 / Sq Ft
05/02/2020 05/02/20 Price Changed $915,000 -4.5% $341 / Sq Ft
02/25/2020 02/25/20 For Sale $958,000 -- $357 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210031111

San Diego MLS

APN: 632-130-42-00