Holly Avenue Apartments

1457 Holly Avenue | Imperial Beach | CA | 91932


Confidentiality Agreement

Confidentiality agreement sub heading

I have read and agree to the Confidentiality Agreement


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Property Highlights

    • Seller Financing
    • Built in 1981
    • All Units are Two-Bedroom / One-Bath
    • On-Site Laundry Facilities and Parking

Property Details

  • Price: $ 2,015,000
  • Price Per Unit: $ 335,833.33
  • Units: 6
  • Transaction Type: For Sale
  • Property Type: Multi-Family
  • Building Size: 4,550 SF
  • Cap Rate: 3.45%
  • Year Built: 1981
  • Availability: Sold

Property Description

The Anderson Group is pleased to present the Holly Avenue Apartments (the “Property”), an attractive rental community that presents real estate investors the opportunity to acquire a partially upgraded and remodeled property with the opportunity to add value in San Diego’s famous beachside neighborhood, Imperial Beach. This Offering provides an opportunity to acquire a mid-sized multifamily asset in one of the highest-demand rental submarkets in the South Bay.

The Property is being offered free and clear of any debt encumbrances. The Seller financing terms are 4.65% interest only for five (5) years with a 20% down payment.

The Property benefits from a desirable and convenient location in the Imperial Beach neighborhood within close proximity to the beach, the Tijuana Estuary, and Imperial Beach’s Bikeway Village with easy access to the interstate 5, 905, and 805 Freeways. The property is situated in an area characterized by quiet residential communities, beachside activities, and neighborhood retailers. The property consists of a two-story, 6-unit apartment complex providing approximately 4,550 rentable square feet of living area along with 9 surface parking spaces. The unit mix consists of six, 2 bedroom/ 1 bath units of approximately 758 square feet.

The Property provides an array of amenities including ample on-site parking, laundry facilities, and large private balconies/patios. Four of the six units have been renovated and offer tenants – new cabinets, dual stainless steel kitchen sinks, dishwashers, and vinyl plank flooring. The bathrooms also feature new cabinets, sinks, countertops, and brushed nickel faucets.


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Financial Summary

Investment Highlights

Price $2,015,000.00
Price / Unit $335,833.33
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $2,015,000.00


Income & Expenses



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Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

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