843-845 10Th St, Imperial Beach, CA 91932

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Kobe Zimmerman

kobezimmerman@bhhscal.com +1(858) 753-3353

$2,100,000

Est. payment - /mo

10 Beds

11 Baths

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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 250036919

Bedrooms 10

Full Baths 8

Half Baths 2

Year Built 1955

Property Sub-Type Res Income 2-4 Units

Property Description

5% DAY-ONE CAP RATE COASTAL 4-UNITS IN IMPERIAL BEACH | $12,550/MONTHLY INCOME. LEASES IN PLACE. TURN-KEY HOMES. 843-845 10th St. is a great investment opportunity in Imperial Beach, a mile from the ocean. This high-performing asset generates $12,550 / month in current rents, offering investors a 5% cap rate. The property features a mix of (2) 3 bed /3.5 bath homes and (2) 2 bed/1 bath homes. All the units have yards, parking, laundry, and meters. Capital improvements include the remodeling of the front two units in 2022, and the back two units are new construction, each featuring a 2-car garage, solar panels, and tankless water heaters. Located in Dolphin Bay, a quiet neighborhood near shops, dining, and a mile from Seacoast Drive and the Pacific Ocean. The Gaylord Pacific and Convention Center is 5 miles away in Chula Vista. This investment is also near NAS North Island, NAB Coronado, and the Silver Strand Training Complex. This offering is perfect for those looking for a turn-key, income-producing investment in a high-demand rental market.

Location

State CA

County San Diego

Area South Bay

Zoning R-2:MINOR

Interior

Cooling Central Forced Air

Fireplace No

Exterior

Fence Partial

View Y/N No

Roof Type Composition

Building

Story 1

Level or Stories 1

Others

Tax ID 626-292-05-00

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Listed by Kaushal K Patel Seller's Corner Real Estate

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843-845 10Th St Imperial Beach, CA 91932