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1413 Hemlock Ave 6 Unit Apartment Building $2,535,290 CAD ($422,548 CAD/Unit) 4.66% 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 PER UNIT.
* SMALL APARTMENT COMMUNITY.
* STABLE CASH FLOW.
* BEACH COMMUNITY.
* MOSTLY LONG TERM TENANTS.
* AFFORDABLE / LOW UNIT PRICE PER UNIT.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$182,541
|
$60.85
|
| Other Income |
$1,111
|
$0.37
|
| Vacancy Loss |
$9,127
|
$3.04
|
| Effective Gross Income |
$174,525
|
$58.18
|
| Taxes |
$28,098
|
$9.37
|
| Operating Expenses |
$20,991
|
$7.00
|
| Total Expenses |
$49,089
|
$16.36
|
| Net Operating Income |
$125,436
|
$41.81
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $182,541 |
| Annual Per SF | $60.85 |
| Other Income (CAD) | |
|---|---|
| Annual | $1,111 |
| Annual Per SF | $0.37 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $9,127 |
| Annual Per SF | $3.04 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $174,525 |
| Annual Per SF | $58.18 |
| Taxes (CAD) | |
|---|---|
| Annual | $28,098 |
| Annual Per SF | $9.37 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $20,991 |
| Annual Per SF | $7.00 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $49,089 |
| Annual Per SF | $16.36 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $125,436 |
| Annual Per SF | $41.81 |
Property Facts
| Price | $2,535,290 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $422,548 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 4.66% | 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 | $2,535,290 CAD |
| Price Per Unit | $422,548 CAD |
| Sale Type | Investment |
| Cap Rate | 4.66% |
| 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 | $2,987 CAD | 500 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 633-232-48 | Total Assessment | $2,190,459 CAD |
| Land Assessment | $1,606,337 CAD | Annual Taxes | $28,098 CAD ($9.37 CAD/SF) |
| Improvements Assessment | $584,123 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
633-232-48
Land Assessment
$1,606,337 CAD
Improvements Assessment
$584,123 CAD
Total Assessment
$2,190,459 CAD
Annual Taxes
$28,098 CAD ($9.37 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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