Imperial Beach Real Estate

Imperial Beach Real Estate

Welcome to Imperial Beach, California – a hidden gem nestled in the heart of San Diego County. Known for its stunning coastal beauty and laid-back atmosphere, Imperial Beach is the perfect destination for those seeking a slice of paradise. With its pristine sandy beaches, vibrant community, and breathtaking sunsets, this charming city offers a unique blend of seaside living and small-town charm.

Imperial Beach boasts a rich history and a welcoming spirit, making it an ideal place for families, retirees, and anyone looking to embrace the coastal lifestyle. The city is home to a variety of outdoor activities, from surfing the Pacific waves to enjoying leisurely strolls along the iconic Imperial Beach Pier. Nature enthusiasts will appreciate the nearby Tijuana River National Estuarine Research Reserve, where you can explore diverse ecosystems and witness an array of wildlife.

The local community is vibrant, with an array of shops, restaurants, and cultural events that bring residents together. Enjoy fresh seafood at one of the many beachfront eateries, or indulge in local art and music at the annual Imperial Beach Sun and Sea Festival. The city also hosts a weekly farmer's market, showcasing fresh produce and artisanal goods from local vendors.

With its affordable housing options and proximity to downtown San Diego, Imperial Beach is an attractive choice for those looking to experience the best of Southern California living. Whether you’re catching rays on the beach, exploring local parks, or savoring the culinary delights, Imperial Beach is a place where you can truly feel at home. Discover the allure of this coastal haven and make it your next destination!

Newest Listings in Imperial Beach

$2,600,000
NDP2608136 MLS Active Status
1240–1270 Holly Avenue represents a rare opportunity to acquire a well maintained, five unit multifamily asset with meaningful value add and redevelopment potential in Imperial Beach, San Diego’s southernmost coastal community. The property is situated west of Interstate 5 and approximately two miles from the Pacific Ocean, placing it within a rapidly evolving coastal submarket characterized by sustained renter demand, ongoing revitalization, and increasing investor interest. Long term family ownership and consistent upkeep underscore the stability and pride of ownership inherent in this offering. The asset comprises approximately 5,260 rentable square feet across five detached single family style residences, supplemented by a large rear storage structure. The unit mix includes two 2 bedroom/1 bath units of roughly 860 square feet each, two 3 bedroom/1 bath units of approximately 1,008 square feet each, and one 2 bedroom/2 bath unit of approximately 1,524 square feet. All homes are believed to have been constructed circa 1960 and feature both front and rear yards. Four units are equipped with single car garages, while one unit offers a covered carport, providing ample on site parking and enhancing tenant convenience. The generous outdoor areas present opportunities for future enhancements that may support increased rental value. The property has been selectively upgraded over time, including interior and exterior painting, new flooring, entry improvements, plumbing and drain line upgrades, replacement of water valves and fixtures, electrical fixture updates with GFCI outlet enhancements, one roof replacement with tune ups on remaining roofs, refinished kitchen and bath surfaces, newer wall heaters, and updated fencing. Despite these improvements, current rents remain below market, and ownership estimates an approximate 15 percent total income upside achievable through unit turnover and additional interior modernization. INVESTMENT PROFILE: The five-unit property is currently positioned to generate approximately $13,450 per month, or $161,400 annually, based on projected rents of five single detached residential units at approximately $3,300, $2,950, $2,750, $2,300 and $2,150/month. At the $2,600,000 asking price: Gross Annual Income: $161,400. Gross Cap Rate: approximately 6.20% Estimated Net Cap Rate: approximately 4.5%, depending on actual operating expenses and insurance. The property is zoned R 3000, permitting detached and attached dwelling units at a maximum density of 14 units per acre. Based on the site’s approximate 0.67 acre footprint, the maximum permitted density is nine dwelling units, with the potential for additional units through the State Density Bonus Law or Accessory Dwelling Units (ADUs), subject to municipal review. Developers may also consider full redevelopment; new primary dwelling units would require discretionary approval, and detailed proposals may be submitted to the City of Imperial Beach Planning Department once project parameters are defined. Numerous recently completed projects in the immediate vicinity provide strong proof of concept for redevelopment in this corridor. With Imperial Beach experiencing ongoing revitalization, improved infrastructure, and sustained private investment, the property offers both current cash flow and long term appreciation potential. Its proximity to beaches, dining, retail, and major transportation routes further enhances its desirability. This offering is well suited for investors seeking to expand cash flow, build equity, and capitalize on one of coastal San Diego’s most active and evolving multifamily submarkets.

1240 70 Holly Avenue, Imperial Beach

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.