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Jerrod Waller

jwaller@sdrealtyco.com +1(858) 822-8634

$1,399,000

Est. payment - /mo

6 Beds

4 Baths

4,840 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Imperial Beach

MLS Listing ID 260024122

Bedrooms 6

Full Baths 4

Year Built 1970

Lot Size 4,840 Sqft

Property Sub-Type Res Income 2-4 Units

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 South Bay

Zoning R-3:RESTRI

Direction From I-5, take the Palm Ave/CA-75 exit west toward Imperial Beach. Continue west on Palm Ave, turn left on 3rd St, then right on

Interior

Heating Forced Air Unit

Cooling Other/Remarks

Fireplace No

Exterior

Fence Other/Remarks

View Y/N No

Roof Type Composition

Building

Story 2

Level or Stories 2

Others

HOA Fee Include Common Area Maintenance

Senior Community No

Restrictions Other/Remarks

Tax ID 625-282-05-00

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Special Listing Condition Other/Remarks

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Listed by Stacy Colledge, DRE#02139218 Real Broker

NEARBY SCHOOL & BUSINESS

“If you're looking for a dedicated and knowledgeable real estate professional who will go above and beyond to help you achieve your goals, I'm here to serve you. Contact me today to learn more about how he can assist you with all your real estate needs.”

+1(858) 822-8634

jwaller@sdrealtyco.com

3555 5th Avenue 3rd Floor, San Diego, CA 92103

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235-41 Daisy Ave Imperial Beach, CA 91932