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$5,500,000
28 Beds 20 Baths 260008386 MLS ACTIVE Status
1091 Calla Avenue is a sixteen (16) unit apartment building well-located in Imperial Beach which is one of San Diego county's thriving beach communities with further growth and gentrification on the horizon. This well-maintained property is comprised of four (4) 2 Bedroom/ 1.5 Bathroom two-story townhome style units, eight (8) 2 Bedroom/1 Bathroom units, and four (4) 1 Bedroom/1 Bathroom units. This community is in an excellent location within Imperial Beach, just a short distance from the Pacific Ocean, the popular Imperial Beach Pier, the US Navy's Silver Strand Special Operations Training Center, several new eateries, local parks, and so much more. The property consists of 13,468 square feet of structure built in 1978 and situated on a 22,216 square foot corner lot with 25 parking spaces. There is additional income from RUBS/submetering and laundry facilities. DO NOT WALK ON THE PROPERTY OR DISTURB TENANTS.

1091 Calla Ave, Imperial Beach

$12,750,000
9 Beds 5 Baths 240000587 MLS CLOSED Status
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.

1019 Imperial Beach Blvd, Imperial Beach

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