360 Residential
Listed by 360 Residential
$1,250,000
1175 Georgia
Details
APN 633-032-16-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,994
Units 2
Cap Rate 5.10%
Year Built 1955
Buildings 1
Acreage 0.150
Zoning R-2:MINOR
Multifamily | 5.10% CAP | 2 Units
Marketing description
This Imperial Beach gem is an exceptional investment opportunity. The property features two fully independent homes on one lot, each with its own fenced yard, laundry hookups, separate electric meters, and street access. It sits in a highly desirable pocket of IB—close to local shops and restaurants, just minutes from freeway access, and equally convenient to the waterfront. The front home is a charming 2-bed, 1-bath with a brand-new roof, spacious driveway, a recently replaced water heater, and an inviting, well-maintained interior. The rear home offers even more space with 3 bedrooms, 2 baths, its own two-car garage, newer water heater, and fresh paint and appliances. With strong rental demand year-round and solid combined income, this property delivers an impressive cap rate. Whether you’re looking for a turnkey investment with great tenants already in place or prefer to live in one unit while renting the other, this versatile property checks all the boxes.
Listing Contacts
360 Residential
Listed by 360 Residential
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