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1413 Hemlock Ave 6 Unit Apartment Building $2,439,432 CAD ($406,572 CAD/Unit) 4.85% Cap Rate Imperial Beach, CA 91932



INVESTMENT HIGHLIGHTS
- STABLE INCOME
- UPGRADED CONDITION
- GREAT LOCATION
EXECUTIVE SUMMARY
* GREAT UNIT MIX OF ONE BEDROOMS.
* SMALL APARTMENT COMMUNITY.
* STABLE CASH FLOW.
* BEACH COMMUNITY.
* MOSTLY LONG TERM TENANTS.
* AFFORDABLE / LOW UNIT PRICE UNDER $300,000 PER UNIT.
* SMALL APARTMENT COMMUNITY.
* STABLE CASH FLOW.
* BEACH COMMUNITY.
* MOSTLY LONG TERM TENANTS.
* AFFORDABLE / LOW UNIT PRICE UNDER $300,000 PER UNIT.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,439,432 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $406,572 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 4.85% | Building Size | 3,000 SF |
| Gross Rent Multiplier | 13.2 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Zoning | R-3 - Residential Multi-Family | ||
| Price | $2,439,432 CAD |
| Price Per Unit | $406,572 CAD |
| Sale Type | Investment |
| Cap Rate | 4.85% |
| Gross Rent Multiplier | 13.2 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 2/1,000 SF |
| Zoning | R-3 - Residential Multi-Family |
AMENITIES
UNIT AMENITIES
- Disposal
- Ceiling Fans
- Refrigerator
- Range
- Tub/Shower
- Double Pane Windows
- Window Coverings
SITE AMENITIES
- Laundry Facilities
- Gas Range
- Recycling
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $2,988 CAD | 500 |
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PROPERTY TAXES
| Parcel Number | 633-232-48 | Total Assessment | $2,210,230 CAD |
| Land Assessment | $1,620,835 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $589,395 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
633-232-48
Land Assessment
$1,620,835 CAD
Improvements Assessment
$589,395 CAD
Total Assessment
$2,210,230 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Presented by
Tayyar Egilmez
1413 Hemlock Ave
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