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Imperial Terrace Apartments 5460-5468 Imperial Ave 28 Unit Apartment Building $8,794,296 CAD ($314,082 CAD/Unit) 6.24% Cap Rate San Diego, CA 92114

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INVESTMENT HIGHLIGHTS

Excellent Unit Mix with Majority of 2BR units
Gated Complex with plenty of Gated Off Street Parking and 6 Garages. On Site Laundry Facilities.
Built in 1984 And Renovated in 2012. All new Pitched Roofs in 2019. Select Units with updated Flooring and Countertops.

Gated Complex with plenty of Gated Off Street Parking and 6 Garages. On Site Laundry Facilities.
Potential to Add ADUs on large lot or Convert Garages to ADUs
Low Irrigation Landscaping to help save on water costs.

EXECUTIVE SUMMARY

The sale is contingent on a 15-day Notice of Proposed Action to the heirs of the estate and their consent or lack of objection, pursuant to California Probate Code Sections 10587–10591.
1. The seller is the probate administrator.
2. Any personal property conveyed is without warranty.
3. This sale is AS-IS. All reports are provided for disclosure purposes only. The seller will not make any repairs.
The Imperial Terrace Apartments is a 28-unit garden-style apartment community located just a few miles from downtown San Diego. This gated complex consists of five two-story buildings on a 23,958 SF (.55-acre) flag-shaped lot. Built in 1984 and renovated in 2012, the property has been well maintained under professional management. There is immediate upside in rents, with comparable nearby updated units achieving rates approximately 15% higher.
With a desirable unit mix of mostly two-bedroom units, the property appeals to families with young children. Several elementary, middle, and high schools are located nearby. In addition, residents benefit from numerous shopping options, including several grocery stores and a Walmart Supercenter just a short drive away. Tenants also enjoy the convenience of multiple public transportation lines and easy access to the 805 and 5 freeways.

PROPERTY FACTS Under Contract

Price	$8,794,296 CAD	Apartment Style	Garden
Price Per Unit	$314,082 CAD	Building Class	C
Sale Type	Investment	Lot Size	0.55 AC
Cap Rate	6.24%	Building Size	21,350 SF
Gross Rent Multiplier	9.83	No. Stories	2
No. Units	28	Year Built	1984
Property Type	Multifamily	Parking Ratio	1.26/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	C - Multi Family Dwelling

Price	$8,794,296 CAD
Price Per Unit	$314,082 CAD
Sale Type	Investment
Cap Rate	6.24%
Gross Rent Multiplier	9.83
No. Units	28
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Garden
Building Class	C
Lot Size	0.55 AC
Building Size	21,350 SF
No. Stories	2
Year Built	1984
Parking Ratio	1.26/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	C - Multi Family Dwelling