1019 Imperial Beach Blvd
Imperial Beach , CA 91932
MLS#: 240000587SD
$13,500,000
Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
None
Sq.Footage
N/A
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.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
NO
-
Cooling
N/A
-
Heating YN
YES
-
Heating
Radiant
Exterior
-
Garage
No
-
Construction Materials
Frame, Stucco
-
Pool
No
Area & Lot
-
Lot Size(acres)
1.54
-
Property Type
Commercial Sale
-
Property Sub Type
Mixed Use
Price
-
Sales Price
$13,500,000
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
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Location
County
San Diego
Elementary School
Middle School
High School
Listing Courtesy of Chris Robinson , Mango Tree Real Estate Corp.
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