1484-90 15th St, Imperial Beach, CA 91932
This is your rare chance to buy the ONLY fourplex west of I-5 listed for sale at a price under $1.5M! 15th St is one of the highest Cap Rate 4-unit properties for sale at this price point in all of San Diego County. Just two miles from the beach and west of Interstate 5, you can own an ideal investment apartment complex in the rapidly growing beach community of Imperial Beach. All units are continuously fully leased and include 2 bedrooms / 1 bath, outdoor yard space, on-site laundry, and 8 off-street parking spaces. Current annual revenue, including laundry income, is $85,248 and proforma rents will produce over $105,600/year.
Veteran owned and operated, the Kappel Realty Group is a team of Realtors focused on educating and assisting real estate buyers and sellers in the San Diego region. Nearly all of our agents have advanced degrees and master’s degrees in real estate or finance and half our agents are military veterans.