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$ 1,399,000
Est. payment | /mo
4,839 Sqft Lot
$ 1,399,000
Est. payment | /mo
4,839 Sqft Lot
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Imperial Beach
MLS Listing ID 260024122SD
HOA Y/N No
Year Built 1970
Lot Size 4,839 Sqft
Property Description
Rare opportunity to acquire a four-unit multifamily property in coastal Imperial Beach with existing rental income and value-add potential. Built in 1970, this two-story property offers approximately 2,772 square feet of living space on an approximately 4,840 square foot lot, with public records indicating 6 bedrooms and 4 bathrooms total. Two units are currently occupied and generate combined rents of $4,064 per month, providing immediate income. The property features older but functional interiors, creating an opportunity to modernize kitchens, bathrooms, flooring, paint, fixtures, and overall presentation. Two units in particular offer strong potential for renovation and increased value. Investors may also explore the feasibility of adding up to two additional units or ADUs, subject to zoning, permitting, regulations, and construction feasibility. Located near the Pacific Ocean, beaches, parks, restaurants, shops, and waterfront recreation, the property also provides convenient access to Highway 75, Interstate 5, Coronado, Chula Vista, downtown San Diego, and the U.S.–Mexico border. With four existing units, current rental income, a coastal San Diego location, and potential for improvements and expansion, this property presents an attractive value-add opportunity in Imperial Beach.
Location
State CA
County San Diego
Area 91932 - Imperial Beach
Zoning R-3:RESTRI
Interior
Heating Forced Air, Natural Gas
Cooling See Remarks
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Tax ID 6252820500
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Listed by Stacy Colledge Real Broker #02139218
Nearby Locations
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310 Third Ave Suite # C-3, Chula Vista, California 91910, United States