$2,175,000
SOLD JUN 9, 2025

613 Florence St Imperial Beach, CA 91932

4 Beds
3 Baths
1,800 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$1,208 Per Sq Ft

3% Below List Price

19 Days on Market

About This Home

As of June 2025

Remodeled House + 4 Units in Imperial Beach, the front house is a 3Bedroom/2Bathroom House (1,200sf) with a private back and side-yard and in-unit laundry. The rear building consists of four (4) spacious 1Bedroom/1Bathroom units. This is a fantastic opportunity to purchase an extremely well-located and completely remodeled 5-unit apartment community. There is ample onsite parking and the rear building has a laundry room. The property has been remodeled top-to-bottom and offers an investor a turnkey asset with strong in-place rents.

Last Agent to Sell the Property

James V. Carter

Apartment Realty Group (ARG) License #01352336 Listed on: 03/04/2025

Last Buyer's Agent

Non Subscriber

Non Subscriber

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Home Design

  • Composition Roof
  • Wood Siding

Additional Features

  • 2-Story Property
  • 7,546 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 626-242-18-00

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Imperial Beach Community

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $128,388

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

7,546 Sq Ft Lot

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: Calla Ave & Palm Ave
  • Neighborhood: Imperial Beach
  • LP / Sq Ft: 16.1
  • Stories: 2 Story
  • Sale Price List Price: 0.97
  • Total Stories: 2
  • Year Built: 1980
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Roof: Composition

Condo/Co-op/Association

  • Complex Name: Imperial Beach
  • Pets Allowed: Yes
  • Community: IMPERIAL BEACH

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Water District: OTAY WATER DISTRICT
  • Zoning: C/MU-1
  • Assessor Parcel Number: 626-242-18-00
  • Estimated Lot Sq Ft: 7546
  • Estimated Number of Acres: 0.17
  • Map Code Column: H
  • Map Code Page: 1329
  • Map Code Row: 7

Multi Family

  • No. of Units: 5
  • Actual Net Operating Income: 128388
  • Gross Rent Multiplier Actual: 12.42
  • Gross Rent Multiplier Projected: 11.63
  • Number Of Buildings: 2
  • Number Of Furnished Units: 5
  • Number Of Units With Cooling: 5
  • Number Of Units With Dishwashers: 5
  • Number Of Units With Dryers: 5
  • Number Of Units With Fireplaces: 5
  • Number Of Units With Garage: 5
  • Number Of Units With Patios: 5
  • Number Of Units With Range Oven: 5
  • Number Of Units With Refrigerator: 5
  • Number Of Units With Washers: 5
  • Other Income Actual: 1380
  • Other Income Projected: 1380.0
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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 Prior Sale
06/09/2025 06/09/25 Sold $2,175,000 -3.3% $1,208 / Sq Ft
03/24/2025 03/24/25 Pending -- -- --
03/04/2025 03/04/25 For Sale $2,249,000 +57.3% $1,249 / Sq Ft
05/18/2022 05/18/22 Sold $1,430,000 -10.3% $424 / Sq Ft View Prior Sale
05/02/2022 05/02/22 Pending -- -- --
04/21/2022 04/21/22 For Sale $1,595,000 0.0% $472 / Sq Ft
03/31/2022 03/31/22 Pending -- -- --
03/29/2022 03/29/22 For Sale $1,595,000 -- $472 / 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 $18,674 $1,517,527 $1,061,208 $456,319
2024 $18,674 $1,487,772 $1,040,400 $447,372
2023 $18,332 $1,458,600 $1,020,000 $438,600
2022 $4,163 $179,010 $30,015 $148,995
2021 $5,450 $175,501 $29,427 $146,074
2020 $5,391 $173,703 $29,126 $144,577
2019 $4,082 $170,298 $28,555 $141,743
2018 $3,382 $166,960 $27,996 $138,964
2017 $3,395 $163,688 $27,448 $136,240
2016 $3,261 $160,479 $26,910 $133,569
2015 $3,248 $158,069 $26,506 $131,563
2014 $2,939 $154,973 $25,987 $128,986
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 250020434

San Diego MLS
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