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Imperial Beach,CA 91932
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 625 sqft
Price per Sqft $2,840
Subdivision Imperial Beach
MLS Listing ID 250031120
Bedrooms 6
Full Baths 5
Year Built 1978
Property Sub-Type Res Income 2-4 Units
Property Description
We are thrilled to present for sale the Six (6) Unit apartment property at 637 10th Street, in the Dolphin Bay area of Imperial Beach, within close proximity to the Bayshore Bikeway, and easy access to several neighborhood shopping centers and Silver Strand. There are: Four (4) spacious 1-bedroom/1-bathroom units; and Two (2) large 3-bedroom/2-bathroom units. Select units have private outdoor areas, and/or have been upgraded with vinyl plank flooring and updated kitchens and bathrooms. The property is on a corner lot and boasts eleven (11) surface off-street parking spaces, as well as a separate laundry room on-site. Pricing reflects a low $446/SF of rentable building area, suggesting good upside via continued modernization efforts, sufficient to justify upper end market rents for the immediate area.
Built of wood frame construction upon a concrete on grade foundation, with flat roof and stucco exterior, apartments all have screen doors and aluminum frame windows. The apartment building is separately metered for electricity and master metered for gas. Inside, the units have ceiling fans/light fixtures, radiant heat, and standard appliance packages. An opportunity exists to modernize the apartments with higher quality finishes, fixtures and appliances, sufficient to justify upper end rents for the area, in line with upgraded units nearby. Owned by the same family for around 20 years, this is a rare opportunity with upside in the desirable northerly Dolphin Bay area of IB, near the Bayshore Bikeway and Silver Strand. Close proximity to the beach and its ever improving dining/brewery/retail scene is also a plus!
Location
State CA
County San Diego
Community Imperial Beach
Area Imperial Beach (91932)
Building/Complex Name NA
Interior
Heating Other/Remarks
Cooling Other/Remarks
Exterior
Exterior Feature Stucco
Fence Partial
Community Features Laundry Facilities
Complex Features Laundry Facilities
Roof Type Rolled/Hot Mop
Building
Lot Description Alley Access,Corner Lot,West of I-5
Story 2
Sewer Sewer Connected
Water Meter on Property
Others
Acceptable Financing Cash,Conventional
Space Rent $1,470
Listing Terms Cash,Conventional