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$ 2,100,000
Est. payment | /mo
6,956 Sqft Lot
$ 2,100,000
Est. payment | /mo
6,956 Sqft Lot
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Imperial Beach
MLS Listing ID 250036919SD
HOA Y/N No
Year Built 1955
Lot Size 6,956 Sqft
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 91932 - Imperial Beach
Building/Complex Name Imperial Beach
Zoning R-2:MINOR
Interior
Cooling Central Air
Fireplace No
Exterior
Fence Partial
View Y/N No
Roof Type Composition
Building
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 6262920500
Acceptable Financing Cash, Conventional, VA Loan
Listing Terms Cash, Conventional, VA Loan
Listed by Kaushal Patel Seller's Corner Real Estate
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Carlos Echegaray
Broker | Lic# DRE 02006401