5
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

CALLING ALL INVESTORS! This is the perfect opportunity to purchase a cashflow triplex with one of the highest CAP rates in all of IB with self management. Property consists of one detached 2 bed 1 bath unit, and two attached 2 bed 2 bath units. All units have private outdoor space, in unit laundry, and 2 car parking/unit. Sellers added all new roofs, fully upgraded electrical, 2 of 3 units have new kitchens and bathrooms, new paint and other upgrades. Purchase owner occupied, lease at market rent...CALLING ALL INVESTORS! This is the perfect opportunity to purchase a cashflow triplex with one of the highest CAP rates in all of IB with self management. Property consists of one detached 2 bed 1 bath unit, and two attached 2 bed 2 bath units. All units have private outdoor space, in unit laundry, and 2 car parking/unit. Sellers added all new roofs, fully upgraded electrical, 2 of 3 units have new kitchens and bathrooms, new paint and other upgrades. Purchase owner occupied, lease at market rent or have a lucrative AirBNB. Less than 2 miles from the beach, this triplex is your perfect turn-key opportunity.

Listing Agents

  1. Marel Dugan

    Marel Dugan

    Listing Agent

    Compass

    DRE #02079212

    marel.dugan@compass.com

    P: (619)-985-5063

  2. Patrick Kappel

    Patrick Kappel

    Alternative Listing Agent

    Compass

    DRE #02017034

Property Details for 1122 11th Street

Cross Streets
Imperial Beach Blvd
Area
Imperial Beach (IMB)
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly
Assessor Parcel Number
632-130-42-00
Directions
Turn left off of Imperial Beach Blvd onto 11th St.
LISTING UPDATED: 06/27/2022 07:14 PM

Property Details for 1122 11th Street

StatusSold
MLS #210031111SD
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
Lot Size-
CountySan Diego County
Buyer's Agent Compensation2.5%

Location

Listing Courtesy of Compass, Marel Dugan, DRE #02079212; Compass, Patrick Kappel, DRE #02017034

Sold By Compass, Sherry Chen, DRE #02109149; Compass, Kristine Kappel, DRE #02138567

Add your commute

Building Information for 1122 11th Street

Stories2Residences-Year Built1958Building Size-Lot Size-

Payment Calculator

$7,902 per month

30 year fixed, 6.15% Interest

Principal and Interest

$6,336

Property Taxes

$1,566

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1122 11th Street

Community / Development
Community / Development
  • Complex Name: 0
  • Number Of Units: 3
  • Pets Allowed: Yes
  • Builders Tract Name: Imperial Beach
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 2
  • View: No
  • Security Features: None
Contract Info
Contract Info
  • Financing: Cash
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $52,956.00
  • Gross Scheduled Income: $73,680
  • Cap Rate: 4.80%
  • Gross Rent Multiplier: $14.90
  • Other Income1: $.00
  • Total Annual Expense: 19250
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: None
  • Heating Type: Natural Gas, Wall
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Other
  • Fence: Partial
Lease Terms
Lease Terms
  • Listing Terms: Cash, Conventional, FHA, VA
  • Tenant Pays: Electricity, Gas/Propane
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $2,250.00
  • Unit Actual Rent: $2,250.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Rent: $1,895.00
  • Unit Actual Rent: $1,895.00
  • Unit Projected Rent: $2,050.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Rent: $1,995.00
  • Unit Actual Rent: $1,995.00
  • Unit Projected Rent: $2,150.00
  • Like Units: 1

Property History for 1122 11th Street

DateEvent & SourcePriceAppreciation
Dec 12, 2021

Sold

CLAW #210031111SD

$1,300,000
Nov 30, 2021

Sold (Public Record)

Public Record #1478768360

$1,300,000

+36.6% / yr

Nov 20, 2021

Pending

CLAW #210031111SD

Nov 10, 2021

Listed (Active)

CLAW #210031111SD

$1,099,999
Oct 22, 2020

Sold

SDMLS #200009366

$890,000
Oct 22, 2020

Sold

CRMLS #200009366

$890,000
Oct 22, 2020

Sold

CLAW #200009366SD

$890,000
Sep 12, 2020

Sold (Public Record)

Public Record #680967871

$890,000
Sep 6, 2020

Pending

CLAW #200009366SD

Sep 6, 2020

Pending

CRMLS #200009366

Sep 6, 2020

Pending

SDMLS #200009366

Sep 2, 2020

Listed (Active)

CRMLS #200009366

Sep 2, 2020

Expired

CRMLS #200009366

$914,000
Jun 29, 2020

Price Change

CRMLS #200009366

$914,000
May 1, 2020

Price Change

CRMLS #200009366

$915,000
Feb 22, 2020

Listed (Active)

CLAW #200009366SD

$958,000
Feb 22, 2020

Listed (Active)

SDMLS #200009366

$958,000
Feb 22, 2020

Listed (Active)

CRMLS #200009366

$958,000
DateEvent & SourcePrice
12/12/2021

Sold

CLAW #210031111SD

$1,300,000
11/30/2021

Sold (Public Record)

Public Record #1478768360

$1,300,000

+36.6% / yr

11/20/2021

Pending

CLAW #210031111SD

11/10/2021

Listed (Active)

CLAW #210031111SD

$1,099,999
10/22/2020

Sold

SDMLS #200009366

$890,000
10/22/2020

Sold

CRMLS #200009366

$890,000
10/22/2020

Sold

CLAW #200009366SD

$890,000
09/12/2020

Sold (Public Record)

Public Record #680967871

$890,000
09/06/2020

Pending

CLAW #200009366SD

09/06/2020

Pending

CRMLS #200009366

09/06/2020

Pending

SDMLS #200009366

09/02/2020

Listed (Active)

CRMLS #200009366

09/02/2020

Expired

CRMLS #200009366

$914,000
06/29/2020

Price Change

CRMLS #200009366

$914,000
05/01/2020

Price Change

CRMLS #200009366

$915,000
02/22/2020

Listed (Active)

CLAW #200009366SD

$958,000
02/22/2020

Listed (Active)

SDMLS #200009366

$958,000
02/22/2020

Listed (Active)

CRMLS #200009366

$958,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1122 11th Street

Taxable ValueLand$1,061,208Additions$318,362Total$1,379,570
Tax Record2025$18,788 ($1,566 / month)
Home Facts
Total Finished SqFt2,682 SqFtAbove Grade Finished SqFt2,682 SqFtLot Size7,272 SqFtStyleMulti-Family Dwelling (2-4)Year Built1958ZoningR-1:SINGLE FACountySAN DIEGOAPN632-130-42-00

Schools near 1122 11th Street

This home is within Sweetwater Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 7 to 9
Rating
School
Distance
Oneonta Elementary School
PublicK to 6

Mar Vista Academy
Public7 to 8

Mar Vista Senior High School
Public9 to 12

Sweetwater Community Day School
Public7 to 9

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Marel Dugan, DRE #02079212; Compass, Patrick Kappel, DRE #02017034

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