725-727 Boulevard Ave
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725-727 Boulevard Ave
14 Unit Block of Flats £3,945,000 (£281,786/Unit) 4.10% Net Initial Yield Imperial Beach, CA 91932
Investment Highlights
- VALUE ADD - UNDER MARKET RENTS
- OFF STREET PARKING - 19 SPACES
- ALL 2-BEDROOM FLOORPLANS
- UNOBSTRUCTED PANORAMIC VIEWS
- CONTIGUOUS PARCELS - 2 APNS
Executive Summary
*Please do not walk on property or disturb tenants*
The Trujillo Group of Marcus & Millichap is pleased to present a 14-unit value add opportunity located in Imperial Beach. Constructed in 1973, this property is made up of 11,040 rentable square feet and is situated on a 15,847 square foot lot.
725 & 727 Boulevard Avenue consists of two adjacent buildings, each with 7 units, creating a 14-unit investment package. This complex is comprised of twelve (12) 2-Bedroom/1-Bathroom units and two (2) 2-Bedroom/1.5-Bathroom townhomes. Residents benefit from amenities such as off-street parking and access to two shared laundry rooms. Recent upgrades to the building include a new roof, improved plumbing, dual-pane windows, and updated kitchens and bathrooms in select units.
Imperial Beach is enduring growing demand due to its close proximity to Coronado’s Naval Amphibious Base (12,000 personnel) and Chula Vista’s $1.3 billion Bayfront redevelopment. Being located in the Dolphin Bay neighborhood of Imperial Beach, this asset supplies investors with a stable tenant base and panoramic views that will never be compromised.
The Trujillo Group of Marcus & Millichap is pleased to present a 14-unit value add opportunity located in Imperial Beach. Constructed in 1973, this property is made up of 11,040 rentable square feet and is situated on a 15,847 square foot lot.
725 & 727 Boulevard Avenue consists of two adjacent buildings, each with 7 units, creating a 14-unit investment package. This complex is comprised of twelve (12) 2-Bedroom/1-Bathroom units and two (2) 2-Bedroom/1.5-Bathroom townhomes. Residents benefit from amenities such as off-street parking and access to two shared laundry rooms. Recent upgrades to the building include a new roof, improved plumbing, dual-pane windows, and updated kitchens and bathrooms in select units.
Imperial Beach is enduring growing demand due to its close proximity to Coronado’s Naval Amphibious Base (12,000 personnel) and Chula Vista’s $1.3 billion Bayfront redevelopment. Being located in the Dolphin Bay neighborhood of Imperial Beach, this asset supplies investors with a stable tenant base and panoramic views that will never be compromised.
Property Facts
| Price | £3,945,000 | Apartment Style | Low Rise |
| Price Per Unit | £281,786 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Net Initial Yield | 4.10% | Building Size | 11,040 SF |
| Gross Rent Multiplier | 15 | Average Occupancy | 100% |
| No. Units | 14 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1973 |
| Property Subtype | Apartment | Parking Ratio | 1.72/1,000 SF |
| Price | £3,945,000 |
| Price Per Unit | £281,786 |
| Sale Type | Investment |
| Net Initial Yield | 4.10% |
| Gross Rent Multiplier | 15 |
| No. Units | 14 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.34 AC |
| Building Size | 11,040 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.72/1,000 SF |
Unit Amenities
- Washer/Dryer
- Kitchen
- Oven
- Views
- Double Pane Windows
Site Amenities
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | - |
| 2+1.5 | 2 | - | - |
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Bike Score ®
Very Bikeable (83)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £1,149,226 | |
| Land Assessment | £1,970,101 | Total Assessment | £3,119,327 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£1,970,101
Improvements Assessment
£1,149,226
Total Assessment
£3,119,327
zoning
| Zoning Code | R-I-3800 |
| R-I-3800 |
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Connor Stolle -
Carson Trujillo -
Marcus & Millichap
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725-727 Boulevard Ave
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