Property Detail

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.