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$ 2,725,000
Est. payment | /mo
$ 2,725,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250041390SD
HOA Y/N No
Property Sub-Type Mixed Use
Property Description
Welcome to your next investment in San Diego's last affordable beach town! This property offers the chance to enter a revitalizing coastal market positioned for strong appreciation and income growth. Built in 2003 and 1979, it features an ideal mix of (2) 3BR/2BA townhomes (˜1,469 SF) with attached garages, (2) 2BR/1.5BA townhomes (˜1,009 SF), and (2) 2BR/1BA apartments situated above (7) garages + laundry facility on a 16,230 SF lot. Each unit offers outdoor living space and family-friendly layouts — increasingly rare in a county where over 60% of new construction consists of studios and 1BRs, fueling demand for spacious 2- and 3-bedroom homes. Current GSI is $194,328, with light cosmetic upgrades projected to raise income to $247,080, creating immediate upside in both cash flow and equity. The (9) garages present additional ADU conversion potential, adding long-term value. Ongoing infrastructure improvements are enhancing livability and driving new investment in Imperial Beach. Combined with its walkable coastal lifestyle and surf-town charm, the area continues to attract long-term tenants. With limited 2- and 3-bedroom inventory near the coast, now is the time to secure a rare coastal investment before values climb.
Location
State CA
County San Diego
Area 91932 - Imperial Beach
Interior
Heating Forced Air
Fireplace No
Others
Tax ID 6321303600
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Listed by Christina Labowicz ACI Apartments