1484 15th Street

Imperial Beach, CA 91932

$1,455,000
Last Sold Price
8
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Appraised above list price! Rare opportunity to buy the ONLY fourplex west of I-5 under $1.5M. 15th St is one of the highest Cap Rate 4-unit properties for sale at this price point in all of San Diego County. Just two miles from the beach and near Navy bases and Amazon's largest warehouse in CA, you can own an ideal apartment in the rapidly growing beach community of Imperial Beach. All units leased mtm and include 2 beds/1 bath, on-site laundry, and a large vacant (potentially buildable) parking...Appraised above list price! Rare opportunity to buy the ONLY fourplex west of I-5 under $1.5M. 15th St is one of the highest Cap Rate 4-unit properties for sale at this price point in all of San Diego County. Just two miles from the beach and near Navy bases and Amazon's largest warehouse in CA, you can own an ideal apartment in the rapidly growing beach community of Imperial Beach. All units leased mtm and include 2 beds/1 bath, on-site laundry, and a large vacant (potentially buildable) parking lot with 8 off-street spaces and fenced-in yards. Back on market due to previous buyer's personal financial situation causing the loan to fall out after removing appraisal and all inspection contingencies.

Listing Agents

  1. Patrick Kappel

    Patrick Kappel

    Listing Agent

    Compass

    DRE #02017034

  2. Kelsey Olson

    Kelsey Olson

    Alternative Listing Agent

    Compass

    DRE #02033733

Property Details for 1484 15th Street

Cross Streets
Satellite Blvd
Area
Imperial Beach (IMB)
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly
Assessor Parcel Number
633-232-45-00

Location

Listing Courtesy of Compass, Patrick Kappel, DRE #02017034; Compass, Kelsey Olson, DRE #02033733

Sold By Compass, Twana Rasoul, DRE #02026495

Add your commute
LISTING UPDATED: 08/29/2022 05:44 PM

Property Details for 1484 15th Street

StatusSold
MLS #220015190SD
Days on Market19
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1967
Lot Size-
CountySan Diego County

Location

Listing Courtesy of Compass, Patrick Kappel, DRE #02017034; Compass, Kelsey Olson, DRE #02033733

Sold By Compass, Twana Rasoul, DRE #02026495

Add your commute

Virtual Tour

Building Information for 1484 15th Street

Stories2Residences-Year Built1967Building Size-Lot Size-

Payment Calculator

$8,371 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,941

Property Taxes

$430

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1484 15th Street

Community / Development
Community / Development
  • Complex Name: N/A
  • Number Of Units: 4
  • Amenities: Laundry Facilities
  • Builders Tract Name: Imperial Beach
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 2
  • View: No
  • Security Features: None
Contract Info
Contract Info
  • Financing: VA
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $59,144.00
  • Gross Scheduled Income: $105,600
  • Cap Rate: 4.10%
  • Gross Rent Multiplier: $17.10
  • Other Income1: $760.00
  • Total Annual Expense: 25348
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: None
  • Heating Type: Natural Gas, Wall
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Rolled/Hot Mop
  • Fence: Partial
Lease Terms
Lease Terms
  • Listing Terms: Cal Vet Loan, Cash, Conventional, Exchange, FHA, VA
  • Tenant Pays: Cable TV, Electricity, Gas/Propane
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $1,491.00
  • Unit Actual Rent: $1,491.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $1,875.00
  • Unit Actual Rent: $1,875.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $1,800.00
  • Unit Actual Rent: $1,800.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $1,875.00
  • Unit Actual Rent: $1,875.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1

Property History for 1484 15th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1484 15th Street

Taxable ValueLand$121,809Additions$142,119Total$263,928
Tax Record2020$5,163 ($430 / month)
Home Facts
StyleMulti-Family Dwelling (2-4)ZoningR3CountySAN DIEGOAPN6332324500

Schools near 1484 15th Street

This home is within Sweetwater Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Oneonta Elementary School
PublicK to 6

Mar Vista Academy
Public7 to 8

Mar Vista Senior High School
Public9 to 12

Nestor Language Academy Charter
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Patrick Kappel, DRE #02017034; Compass, Kelsey Olson, DRE #02033733

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by SDMLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 SDMLS®, Inc.