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1413 Hemlock Ave 6 Unit Apartment Building $2,500,998 CAD ($416,833 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 |
$180,072
|
$60.02
|
| Other Income |
$1,096
|
$0.37
|
| Vacancy Loss |
$9,004
|
$3.00
|
| Effective Gross Income |
$172,165
|
$57.39
|
| Taxes |
$27,718
|
$9.24
|
| Operating Expenses |
$20,707
|
$6.90
|
| Total Expenses |
$48,425
|
$16.14
|
| Net Operating Income |
$123,740
|
$41.25
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $180,072 |
| Annual Per SF | $60.02 |
| Other Income (CAD) | |
|---|---|
| Annual | $1,096 |
| Annual Per SF | $0.37 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $9,004 |
| Annual Per SF | $3.00 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $172,165 |
| Annual Per SF | $57.39 |
| Taxes (CAD) | |
|---|---|
| Annual | $27,718 |
| Annual Per SF | $9.24 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $20,707 |
| Annual Per SF | $6.90 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $48,425 |
| Annual Per SF | $16.14 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $123,740 |
| Annual Per SF | $41.25 |
Property Facts
| Price | $2,500,998 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $416,833 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 | $2,500,998 CAD |
| Price Per Unit | $416,833 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 | $2,946 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 | $2,191,176 CAD |
| Land Assessment | $1,606,862 CAD | Annual Taxes | $27,718 CAD ($9.24 CAD/SF) |
| Improvements Assessment | $584,314 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
633-232-48
Land Assessment
$1,606,862 CAD
Improvements Assessment
$584,314 CAD
Total Assessment
$2,191,176 CAD
Annual Taxes
$27,718 CAD ($9.24 CAD/SF)
Tax Year
2025
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Tayyar Egilmez
1413 Hemlock Ave
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