Property Detail

Description

MUST BE SOLD WITH THE IDENTICAL ADJACENT PROPERTY 651-655 SEACOAST DR. Each Property is Listed for $1,225,000 for a Total List Price of $2,450,000. Seller Financing Available. Call Casper Rooney (858)723-5274 for all inquiries, or email at Casper.Rooney@marcusmillichap.com Marcus & Millichap is pleased to present 645–655 Seacoast Drive, a six unit coastal investment one block from the sand in Imperial Beach, California. The offering consists of 4 single-story buildings on two separate legal parcels — approximately 2,720 rentable square feet on a combined 8,277-square-foot site. The parcels must be sold together. Every unit is a one-bedroom, one-bath home of roughly 450 square feet. The property is 100% occupied, four of the six units have been partially renovated, and the roofs were replaced in September 2026 — taking one of the largest near-term capital items off an incoming owner’s list. Scheduled rents average $1,862 per unit against an estimated market rent of $2,500, roughly 34% upside as units turn over. Because each parcel holds three units, a buyer can finance each with residential one-to-four-unit loan programs rather than commercial multifamily debt.