775 9th Imperial Beach, CA 91932

Newer construction (1992) multifamily investment property, centrally located in Imperial Beach. Built to condo specifications, this Seven (7) unit apartment property is comprised of: Three (3) 2Br/2Ba units and Four (4) 2Br/2.5Ba units, all of which are townhomes. There is a slightly below grade parking garage on call it 1st floor, with fourteen (14) spaces and laundry room, above which are two floors housing the apartments, each with balconies/patios, central heat, dishwashers, standard finishes, fixtures and appliances for the era. Automatic gated vehicle access and two separate gated walk-up entryways help provide for improved property security. Roof is relatively new, Spanish-tile, exterior fascia is stucco, and units are separately metered for water, gas and electricity. An opportunity exists to improve this Property via interior cosmetic upgrades that would justify higher rents than are currently in-place. Good apartment property (built to condo specs) within good part of IB, steps from post office, within a block from new 'Breakwater Town Center' (with retailers including Chipotle; Jersey Mikes; Five Guys; and Starbucks), about 5 blocks from the Silver Strand Bikeway, and about 10 blocks from the beach. This property has good bones, with nicely landscaped exterior, good curb appeal, yet with room for upside via some cosmetic updates. There is ample covered off-street parking and community laundry on-site. Some units have been updated w/ wood-laminate flooring, others have an older commercial grade tile. It has been indicated that there were 'white papers' for the property, which have expired. Palma Commercial has not and will not verify this information. Buyer shall verify all pertinent Property information prior to removing contingencies and taking ownership, without relying on the information contained herein. Cooling: Central Forced Air Gas