296 ELDER AVE

269 ELDER AVE, IMPERIAL BEACH, CA 91932

Whitewater Commercial Real Estate is pleased to present 269 Elder Avenue, a five-unit multifamily property located along the Imperial Beach coastline, just two blocks from the beach and Imperial Beach Pier.

Built in 1972, the property features a desirable mix of one- and two-bedroom units, each offering a functional floor plan with large walk-in closets and one dedicated parking space located at the rear of the property. The combination of spacious layouts, on-site parking, and close proximity to the coast provides an attractive offering for tenants seeking the Imperial Beach lifestyle.

The property has benefited from recent interior upgrades, with select improvements including updated kitchen appliances, new shared laundry facilities, kitchen flooring, bathroom finishes, and vinyl flooring. These improvements, combined with the property's strong unit mix and coastal location, provide investors with an opportunity to acquire a well-located multifamily asset with continued potential for additional improvements over time.

Located within walking distance of Imperial Beach Pier, the beach, restaurants, shops, and neighborhood amenities, 269 Elder Avenue offers residents convenient access to the area's coastal amenities and recreation.

PROPERTY DETAILS

Purchase Price - $1,595,000

4,032

05

SQ. FT.

UNITS

5.20%

4,709

CAP RATE

LOT SIZE

Imperial Beach

Value Add

LOCATION

ASSET TYPE

PROPERTY HIGHLIGHTS

01 / 5 Unit Property

5-Unit Investment Opportunity in Imperial Beach, Featuring a Mix of One- and Two-Bedroom Units with Dedicated Off-Street Parking

02 / Coastal Location

Roughly 2 Blocks to the Beach and Imperial Beach Pier, along the Imperial Beach Seacoast Drive Retail Corridor

03 / Significant Rental Upside

Value-Add Investment Opportunity, with Recent Unit Improvements and Additional Upside Through Continued Renovations and the Potential to Increase Rents Toward Market Levels