Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

4

Lot size

4,840 sqft

Year built

1970

Stories

2

Heating

Natural Gas,Forced Air

Cooling

See Remarks

Status

Active

Days on market

10

MLS #

247871365

About this property

Rare opportunity to acquire a four-unit multifamily property in coastal Imperial Beach with existing rental income and value-add potential. Built in 1970, this two-story property offers approximately 2,772 square feet of living space on an approximately 4,840-square-foot lot, with public records indicating 6 bedrooms and 4 bathrooms total. Two units are currently occupied and generate combined rents of $4,064 per month, providing immediate income. The property features older but functional interiors, creating an opportunity to modernize kitchens, bathrooms, flooring, paint, fixtures, and overall presentation. Two units in particular offer strong potential for renovation and increased value. Based on conversations with the Imperial Beach city planner, there may be potential to add one ADU, subject to zoning requirements, permitting, applicable regulations, and construction feasibility. Located near the Pacific Ocean, beaches, parks, restaurants, shops, and waterfront recreation, the property also provides convenient access to Highway 75, Interstate 5, Coronado, Chula Vista, downtown San Diego, and the U.S.–Mexico border. With four existing units, current rental income, a coastal San Diego location, and potential for improvements and expansion, this property presents an attractive value-add opportunity in Imperial Beach.

Location

41 Daisy Ave

Imperial Beach, San Diego, CA, 91932