Imperial Beach, CA 91932,1019 Imperial Beach Blvd
Imperial Beach, CA 91932,1019 Imperial Beach Blvd
Imperial Beach, CA 91932,1019 Imperial Beach Blvd
Imperial Beach, CA 91932,1019 Imperial Beach Blvd
Imperial Beach, CA 91932,1019 Imperial Beach Blvd
Imperial Beach, CA 91932,1019 Imperial Beach Blvd
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$12,750,000

$13,500,000

5.6%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

1.54 Acres Lot


SOLD DATE : 05/15/2024

Key Details

Sold Price $12,750,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 240000587

Sold Date 05/15/24

Lot Size 1.540 Acres

Acres 1.54

Property Description

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.

Location

State CA

County San Diego

Area Imperial Beach (91932)

Zoning Multi-Res

Interior

Heating Radiant

Cooling None

Flooring Vinyl, Wall to Wall Carpet

Laundry Owned

Exterior

Exterior Feature Auto Front Sprinklers, Auto Rear Sprinklers, Fully Landscaped, Metal Fence

Parking Features Garages, Spaces

Roof Type Tar & Gravel

Total Parking Spaces 68

Building

Story 2

Lot Size Range 1.5 through 2.5 Acres

Others

Acceptable Financing Cash, Cash to New Loan

Space Rent $966,000

Listing Terms Cash, Cash to New Loan

Financing Cash to New Loan

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San Diego Regional MLS (SDMLS)
Listed by Chris Robinson • Mango Tree Real Estate Corp.
Bought with Chris Robinson • Mango Tree Real Estate Corp.
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