739 Florida Street,Imperial Beach, CA 91932
Imperial Beach, CA 91932
Description
Located at 739-747 Florida Street in the highly desirable coastal community of Imperial Beach, this rare 12-unit multifamily offering presents a compelling investment opportunity just minutes from the sand and with convenient access to the Interstate 5. The property consists of three adjacent parcels, each improved with a well-maintained 4-unit building, situated on an expansive ±24,000 square foot lot. The unit mix includes twelve spacious 2-bedroom / 1.5-bathroom apartments, each approximately 1,000 square feet, providing highly desirable layouts for tenants. The asset offers strong in-place fundamentals, including 18 off-street parking spaces, on-site laundry facilities, and private outdoor areas for each unit. Ownership has also recently completed a full window replacement across the property, reducing future capital expenditure needs. Currently, all units are leased on a month-to-month basis at rents significantly below market, presenting a clear and achievable value-add opportunity. With an estimated 35% rental upside, an investor can implement a strategic renovation program to modernize interiors, increase rents, and stabilize the asset to achieve strong cash flow and long-term appreciation. This is a rare chance to acquire a scale multifamily property in a supply-constrained coastal submarket with immediate upside potential. Opportunities of this size and proximity to the beach are seldom availablethis is one you do not want to miss.
Details
| MLS # | 260010914SD |
|---|---|
| Listing Type | For Sale |
| Style | Mixeduse |
| Sub-Type | Resale |
| Status | Pending |
| Days On Site | 110 |
| Listing Provided By | The Browar Group | Josh Browar |
Features
| Units | 12 |
|---|---|
| Building(s) | 3 |
Interior
| Heating | Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Composition |
|---|---|
| Construction Materials | Other |
Area Information
| State | CA |
|---|---|
| County | San Diego |
| City | Imperial Beach |
| Zip Code | 91932 |
| Area | 91932 Imperial Beach |
| Listing VS Median (in 91932) | |
Price: $3,495,000 low | high Med: $847,500 On site: 110 low | high Med: 24 | |
Market Activity 91932
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Learn More About This Property
| State | CA |
|---|---|
| County | San Diego |
| City | Imperial Beach |
| Zip Code | 91932 |
| Area | 91932 Imperial Beach |
| Listing VS Median (in 91932) | |
Price: $3,495,000 low | high Med: $847,500 On site: 110 low | high Med: 24 | |
