$2,235,000
SOLD MAR 14, 2025

565 Florida St Imperial Beach, CA 91932

12 Beds
6 Baths
5,861 Sq Ft
0.26 Acres

Recently Sold

$381 Per Sq Ft

9% Below List Price

81 Days on Market

About This Home

As of March 2025

565 Florida is a detached four bed/two bath house. 567 Florida is comprised of two duplexes each with twin two bed/one and a half bath townhome units. The cost per square foot and GRM are the lowest in IB now, Dollars/ SF is lower than anything that has been listed in IB in the past year. GRM is lower than average of what has been listed in IB in the last year. The average of recent Imperial Beach sales has been $560/SF. That would imply a value over $3,200,000 for this property. The four townhome apartments each have attached garages and private patios. The four garages offer an opportunity to add ADUs to create extra income. All units are individually metered for water, gas and electric. Each unit has individual laundry hookups.

Last Agent to Sell the Property

Terry Moore

ACI Apartments License #00918512 Listed on: 11/22/2024

Last Buyer's Agent

Karla Vidrio

Familiar Real Estate License #01751872

Property Details

Home Type

  • Multi-Family

Parking

  • 8 Parking Spaces

Home Design

Interior Spaces

  • 12 Bedrooms
  • 5,861 Sq Ft Home
  • 2-Story Property

Additional Features

  • 0.26 Acre Lot
  • Number of ADU Units: 1

Listing and Financial Details

  • Total Actual Rent $13,630

Community Details

Overview

  • 3 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • Operating Expense $56,682

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Property Sub Type: Com-Res Income
  • CapRate: 4.1
  • Co List Office Mls Id: 61276
  • Living Area: 5861.0
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-03-15T05:18:05Z
  • FullAddress: 565-67 Florida St
  • NumofLeasedApartments: 5
  • ShortSale: No
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 12

Garage/Parking

  • Total Parking Spaces: 8.0

Lot Info

  • Lot Size Sq Ft: 11148.0

Multi Family

  • Number Of Buildings: 3
  • Number Of Units Total: 5
  • Annual Operating Expense: 56682.0
  • Total Actual Rent: 13630.0
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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 List to Sale Price per Sq Ft
03/14/2025 03/14/25 Sold $2,235,000 -9.1% $381 / Sq Ft
02/13/2025 02/13/25 Pending -- -- --
11/23/2024 11/23/24 For Sale $2,459,000 -- $420 / Sq Ft
Source: San Diego MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $29,557 $2,265,678 $1,379,570 $886,108
2024 $29,557 $2,221,254 $1,352,520 $868,734
2023 $28,606 $2,177,700 $1,326,000 $851,700
2022 $18,199 $1,272,281 $582,672 $689,609
2021 $18,170 $1,272,281 $582,672 $689,609
2020 $17,144 $1,239,384 $541,216 $698,168
2019 $16,723 $1,215,083 $530,604 $684,479
2018 $16,111 $1,191,258 $520,200 $671,058
2017 $16,842 $1,167,900 $510,000 $657,900
2016 $12,193 $832,187 $312,070 $520,117
2015 $11,932 $819,688 $307,383 $512,305
2014 $11,859 $803,632 $301,362 $502,270
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240027402

San Diego MLS

APN: 626-182-20-00