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Elder Seacoast Condominiums 163-199 Elder Ave 19 Unit Apartment Building $11,162,476 CAD ($587,499 CAD/Unit) 4.95% Cap Rate Imperial Beach, CA 91932
Investment Highlights
- Ideal Condo Product with Condo Map
- Large 2 bed, 2 bath units
- Ocean Views
Executive Summary
19 large two-bedroom, two-bathroom units. Ideal condominium product with fireplaces, two private balconies, full size washer and dryer and some ocean views. Condominium map with separate APN's and separate city water meters. Upside if sold as individual condominiums. Ample parking. Built 1988. 1 1/2 blocks to the beach. Top floor deck with spectacular ocean views. Fun walkable and bikeable community. Rent increase potential. Contact listing agent for Offering Memorandum.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | $11,162,476 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $587,499 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.43 AC |
| Cap Rate | 4.95% | Building Size | 19,000 SF |
| Gross Rent Multiplier | 13.4 | Average Occupancy | 100% |
| No. Units | 19 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1988 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Zoning | R3, Imperial Beach | ||
| Price | $11,162,476 CAD |
| Price Per Unit | $587,499 CAD |
| Sale Type | Investment |
| Cap Rate | 4.95% |
| Gross Rent Multiplier | 13.4 |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.43 AC |
| Building Size | 19,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1988 |
| Parking Ratio | 2/1,000 SF |
| Zoning | R3, Imperial Beach |
Amenities
Unit Amenities
- Balcony
- Fireplace
- Washer/Dryer Hookup
- Deck
- Double Pane Windows
Site Amenities
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 19 | - | 1,108 |
Somewhat walkable
30/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 625-353-23-11 | Total Assessment | $504,236 CAD (2025) |
| Land Assessment | $339,955 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $164,281 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
625-353-23-11
Land Assessment
$339,955 CAD (2025)
Improvements Assessment
$164,281 CAD (2025)
Total Assessment
$504,236 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Elder Seacoast Condominiums | 163-199 Elder Ave
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