List Price: $1.4M

Listing Status: Active

Days on Market: 10

0 Bedrooms · 0 Bathrooms

Property Type: ResidentialIncome

Year Built: 1970

Lot Size: 4,840 sq ft

MLS Number: 260024122SD

About This Property

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. Based on conversations with the Imperial Beach city planner, there may be potential to add one ADU, subject to zoning requirements, permitting, applicable 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.

Listing provided by: Stacy Colledge DRE #02139218 855-450-0442 stacy@bluprintequity.com, Real Broker

Source: CRMLS, MLS #: 260024122SD

The listing office is Real Broker. Belmont Brokerage Inc. (DRE #02431308) provides buyer representation and consultation. Tour and contact requests go to a Belmont agent.