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Multifamily

1451 Hemlock Ave

1451 Hemlock Ave, Imperial Beach, CA 91932

Listing Price: $3,200,000

Cap Rate
5.67%
Number of Units
8
GRM
14.28
Occupancy
100.0%
Price/Unit
$400,000
Price/Gross SF
$589.86
Gross SF
5,425

Investment Overview

Nestled in the vibrant coastal community of Imperial Beach, 1451 Hemlock Avenue unveils a newly renovated 8-unit apartment building, exuding contemporary charm and comfort. Boasting a unit mix that caters to varied lifestyles, this property offers six thoughtfully designed two-bedroom, one-bathroom units, providing ample space for residents to create their ideal sanctuary. Additionally, there’s a cozy studio unit and a charming one-bedroom, one-bathroom unit, each crafted to offer a perfect blend of functionality and style.

As you approach the building, you’re greeted by a fresh aesthetic, thanks to a series of exterior upgrades. A brand-new roof ensures durability and weather resistance, while new fascia boards and plank balcony siding contribute to the building’s modern appeal. Energy-efficient windows and sliding doors flood the interiors with natural light, enhancing the overall ambiance. The exterior doors, complemented by sleek new hardware, offer both security and elegance. Illuminating the pathways and common areas, new exterior lighting adds a welcoming touch, while upgraded landscaping elevates the curb appeal. With freshly painted exteriors and new address signage, the building stands as a beacon of sophistication in the neighborhood.

Investment Highlights

  • Newly renovated 8-unit apartment building
  • 5.67% In- Place Cap
  • 9 Parking Spaces & 3 Garages

Exclusively Listed By

Financing By

Multifamily

1451 Hemlock Ave

Listing Price: $3,200,000

Cap Rate
5.67%
Number of Units
8
GRM
14.28
Occupancy
100.0%
Price/Unit
$400,000
Price/Gross SF
$589.86
Gross SF
5,425

Investment Highlights

  • Newly renovated 8-unit apartment building
  • 5.67% In- Place Cap
  • 9 Parking Spaces & 3 Garages

Investment Overview

Nestled in the vibrant coastal community of Imperial Beach, 1451 Hemlock Avenue unveils a newly renovated 8-unit apartment building, exuding contemporary charm and comfort. Boasting a unit mix that caters to varied lifestyles, this property offers six thoughtfully designed two-bedroom, one-bathroom units, providing ample space for residents to create their ideal sanctuary. Additionally, there’s a cozy studio unit and a charming one-bedroom, one-bathroom unit, each crafted to offer a perfect blend of functionality and style. As you approach the building, you’re greeted by a fresh aesthetic, thanks to a series of exterior upgrades. A brand-new roof ensures durability and weather resistance, while new fascia boards and plank balcony siding contribute to the building’s modern appeal. Energy-efficient windows and sliding doors flood the interiors with natural light, enhancing the overall ambiance. The exterior doors, complemented by sleek new hardware, offer both security and elegance. Illuminating the pathways and common areas, new exterior lighting adds a welcoming touch, while upgraded landscaping elevates the curb appeal. With freshly painted exteriors and new address signage, the building stands as a beacon of sophistication in the neighborhood.

Exclusively Listed By

Financing By

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