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Multifamily

1333-47 Holly Ave

1333 Holly Ave, Imperial Beach, CA 91932

Listing Price: $7,000,000

Cap Rate
4.26%
Number of Units
8
Occupancy
97.0%
Price/Unit
$875,000
Price/Gross SF
$546.88
Gross SF
12,800

Investment Overview

Marcus & Millichap is pleased to present for sale 8 new construction luxury townhomes in Imperial Beach, California. Constructed as condominiums in 2022, this property rests on a 17,000 SF lot and offers 12,800 SF of rentable space. 1333-47 Holly Ave is comprised of a desirable unit mix with eight 3-bedroom/2.5-bathroom craftsman style “Cape Cod” townhomes. Each unit has spacious 1,600 square foot floor plans with 9’ high ceilings. These townhomes feature private patios and 2nd floor balconies, oversized windows, custom kitchens with stainless steel appliances, and luxury vinyl flooring. Tenants enjoy access to private double car garages wired for electric vehicles and video surveillance systems. There is also in-unit laundry and separate utility meters for each unit. Built to condo specifications and with a completed condo map, this is a rare opportunity to acquire an asset that is poised for long term appreciation while also giving the investor an additional exit strategy to sell off as condos. Imperial Beach is on the rise with several mixed-use development projects in the works. Recent projects include the $1 Billion Silver Strand Training Complex Renovation, the $7 million Imperial Beach Boulevard Enhancement, and the highly anticipated 240ft tall Gaylord Hotel Tower & Convention Center that will serve as the premiere anchor to San Diego’s South Bay. With the overwhelming increase in demand for rental housing in San Diego, Imperial Beach is emerging as one of the city’s most sought-after rental markets with its coastal location and qualified residents. This asset is the ideal investment vehicle for investors looking for passive income and security for generations to come.

Investment Highlights

  • New Construction Craftsman Style Townhouses
  • Built to Condo Specifications with a Completed Condo Map
  • No Rent Control for New Construction
  • Spacious Floor Plans All 3-Bedroom/2.5-Bathroom
  • Rapidly Gentrifying Market of Imperial Beach

Exclusively Listed By

Financing By

Multifamily

1333-47 Holly Ave

Listing Price: $7,000,000

Cap Rate
4.26%
Number of Units
8
Occupancy
97.0%
Price/Unit
$875,000
Price/Gross SF
$546.88
Gross SF
12,800

Investment Highlights

  • New Construction Craftsman Style Townhouses
  • Built to Condo Specifications with a Completed Condo Map
  • No Rent Control for New Construction
  • Spacious Floor Plans All 3-Bedroom/2.5-Bathroom
  • Rapidly Gentrifying Market of Imperial Beach

Investment Overview

Marcus & Millichap is pleased to present for sale 8 new construction luxury townhomes in Imperial Beach, California. Constructed as condominiums in 2022, this property rests on a 17,000 SF lot and offers 12,800 SF of rentable space. 1333-47 Holly Ave is comprised of a desirable unit mix with eight 3-bedroom/2.5-bathroom craftsman style “Cape Cod” townhomes. Each unit has spacious 1,600 square foot floor plans with 9’ high ceilings. These townhomes feature private patios and 2nd floor balconies, oversized windows, custom kitchens with stainless steel appliances, and luxury vinyl flooring. Tenants enjoy access to private double car garages wired for electric vehicles and video surveillance systems. There is also in-unit laundry and separate utility meters for each unit. Built to condo specifications and with a completed condo map, this is a rare opportunity to acquire an asset that is poised for long term appreciation while also giving the investor an additional exit strategy to sell off as condos. Imperial Beach is on the rise with several mixed-use development projects in the works. Recent projects include the $1 Billion Silver Strand Training Complex Renovation, the $7 million Imperial Beach Boulevard Enhancement, and the highly anticipated 240ft tall Gaylord Hotel Tower & Convention Center that will serve as the premiere anchor to San Diego’s South Bay. With the overwhelming increase in demand for rental housing in San Diego, Imperial Beach is emerging as one of the city’s most sought-after rental markets with its coastal location and qualified residents. This asset is the ideal investment vehicle for investors looking for passive income and security for generations to come.

Exclusively Listed By

Financing By

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