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$ 2,725,000
Est. payment /mo
Active
1150 11th St Imperial Beach, CA 91932
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250041390SD
HOA Y/N No
Property Sub-Type Mixed Use
Property Description
Welcome to your next investment in San Diego's last affordable beach town! This property offers the chance to enter a revitalizing coastal market positioned for strong appreciation and income growth. Built in 1979, it features an ideal mix of (2) 3BR/2BA townhomes (1,088 + 1,508 SF) with attached garages, (2) 2BR/1.5BA townhomes (1,120 SF), and (2) 2BR/1BA apartments (910 SF) situated above (7) garages, totaling 2,508 SF of garage space + laundry facility on a 16,230 SF lot. Each unit offers outdoor living space and family-friendly layouts — increasingly rare in a county where over 60% of new construction consists of studios and 1BRs, fueling demand for spacious 2- and 3-bedroom homes. Current GSI is $194,328, with light cosmetic upgrades projected to raise income to $247,080, creating immediate upside in both cash flow and equity. The (9) garages present additional ADU conversion potential, adding long-term value. Ongoing infrastructure improvements are enhancing livability and driving new investment in Imperial Beach. Combined with its walkable coastal lifestyle and surf-town charm, the area continues to attract long-term tenants. With limited 2- and 3-bedroom inventory near the coast, now is the time to secure a rare coastal investment before values climb.
Location
State CA
County San Diego
Area 91932 - Imperial Beach
Interior
Heating Forced Air
Fireplace No
Others
Tax ID 6321303600
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Virtual Tour https://www.propertypanorama.com/instaview/snd/250041390
Listed by Christina Labowicz ACI Apartments
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