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$1,975,000
Est. payment /mo
7,504 Sqft Lot
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250023061
Lot Size 7,504 Sqft
Acres 0.17
Property Sub-Type Apartment
Property Description
It is an honor to present for sale the six (6) unit apartment property at 637 10th Street in Imperial Beach, adjacent the Dolphin Bay neighborhood, close to the Bayshore Bikeway and several retail centers. The unit mix consists of four (4) one-bedroom/one-bathroom units and two (2) three-bedroom/two-bathroom units, several of which have private patios/balconies and/or have been updated with vinyl plank flooring. Units are spacious, and the property has a total of eleven (11) surface off-street parking spaces, as well as a laundry room on-site. Pricing reflects a very low $446/SF of RBA, suggesting good upside potential via modernization of these generously sized units. Built of wood-frame construction upon a concrete slab foundation with a 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 radiant heat and a standard appliance packages. An opportunity exists to modernize the apartments with higher-end finishes, fixtures and appliances, sufficient to justify higher rents and overall improved operations, in line with upgraded multifamily units in the immediate area. Owned by the same family for around 20 years, this is a rare opportunity with upside in the desirable northerly (Dolphin Bay) section of Imperial Beach, near the Bayshore Bikeway, providing easy access to Sliver Strand and Coronado beaches. Good proximity to the beach (11 blocks) and its vibrant retail scene, with a unique array of breweries and restaurants.
Location
State CA
County San Diego
Area Imperial Beach (91932)
Interior
Heating Radiant
Flooring Vinyl, Other/Remarks
Laundry Owned
Exterior
Exterior Feature Part Landscaped
Parking Features Spaces
Roof Type Tar & Gravel
Total Parking Spaces 11
Building
Story 2
Lot Size Range .25 Acres or less
Others
Acceptable Financing Cash, Cash to New Loan
Space Rent $141,720
Listing Terms Cash, Cash to New Loan
Special Listing Condition Other/Remarks
Virtual Tour https://www.propertypanorama.com/instaview/snd/250023061
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Listed by Joseph A Burrough • Palma Commercial