EMORY APARTMENTS
EMORY APARTMENTS
635 EMORY ST, IMPERIAL BEACH, CA 91932
Whitewater Commercial Real Estate presents The Emory Apartments, just one mile from the beach and steps to Coronado's Silver Strand, 635 Emory Street presents the opportunity to acquire a well-located 15-unit apartment community with strong in-place cash flow and significant income upside. The property features a desirable mix of thirteen 2-bedroom units and two 1-bedroom units, with several renovated interiors showcasing modern finishes, while the remaining units offer a clear path to increased rental income through future renovations.
Additional highlights include 3 garages, large parking lot, in-unit laundry in select units, and a prime location near Palm Avenue, the Bayshore Bikeway, Imperial Beach Pier, shopping, dining, and major commuter routes. This is an opportunity to invest in one of San Diego County's strongest coastal rental markets with both stability today and long-term growth potential.
PROPERTY DETAILS
Purchase Price - $4,950,000
12,116
15
SQ. FT.
UNITS
5.65%
14,271
CAP RATE
LOT SIZE
Imperial Beach
Value Add
LOCATION
ASSET TYPE
PROPERTY HIGHLIGHTS
01 / Fifteen Unit Apartment Investment
Emory Apartments is a 15-Unit Multifamily Community in Imperial Beach consisting of apx. 12,116 SF Building(s) on 14,271 SF Lot.
02 / Coastal Location
Roughly One Mile to the Beach and Imperial Beach Pier & Steps to Bayshore Bikeway, along the Palm Ave Retail Corridor
03 / Strong In-Place Income
Blend of Stabilized Income and Value-Add Upside. Unit Mix of (13) 2BR/1BA and (2) 1BR/1BA, 7 of 15 Units with In-Unit Laundry
Listing Team
Whitewater Commercial Real Estate
350 Tenth Ave #710, San Diego, CA 92101
License #: CA 01974818
Whitewater Commercial Real Estate
350 Tenth Ave #710, San Diego, CA 92101
License #: CA 01974818
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