Sold
1019 Imperial Beach Blvd
Imperial Beach CA, 91932
$12,750,000
$333.77 per sqft
Sold
9 Beds
38,200 sqft
Commercial
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.
240000587
MLSⓇ ID
January 8, 2024
Listed
November 22, 2024
Updated
Map
1019 Imperial Beach Blvd
Imperial Beach CA, 91932
Interior Features
Total Stories
2
Bedrooms
9
Appliances
Range, Refrigerator, Disposal
Laundry Description
Owned
Floor Description
Concrete, Vinyl, Carpet
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Radiant
Exterior/Building Features
Lot Size
1.54 Acres
Lot Features
Auto Front Sprinklers, Auto Rear Sprinklers, Landscaped
Roof
Tar/Gravel
Other Property Details
Area Name
South Bay
Taxes
$157,797
Tax Frequency
Annually
Days on Market
45
Garage
Yes
Parking
Garage, Spaces
Parking Total
68
View
No
County
San Diego
Pool
No
Zoning
Multi-Res
Listing History
Date | Event | Price |
|---|---|---|
8/15/2024 | Sold | $12,750,000 |
2/7/2024 | Pending | — |
2/1/2024 | Pending | — |
Listed by Mango Tree Real Estate Corp., Chris Robinson,
Listing Contact: 858-232-0945
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Data last updated 8:51 PM UTC, 11/22/2024
