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.… Read More 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. 9 Of the 2BR units are converted 1BR with a den. The den was converted to a bedroom with no built in closet. The 1 BR unit shows on title as a legal unit. Buyer to confirm that this is a legal dwelling unit. Read Less
Listing Snapshot
Days Online
1
Last Updated
Property Type
Mixed Use
Lot Size
0.55 Acres
MLS Number
250036258SD
30 Days Snapshot Of 92114
$715k
-7%
(avg) sold price
21
-25%
homes sold
46
-31%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
5 buildings
Expenses
Operating expense: $393,187
Lot
0.55 acres, 23,958 square feet, Size: 1
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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