637 10TH, IMPERIAL BEACH CA 91932

offered at $1,775,000
MLS#:250031120SD
Status: Active // Property Type:
Project/Tract: Imperial Beach // County: San Diego // Year Built: 1978

Property Description

We are thrilled to present for sale the Six (6) Unit apartment property at 637 10th Street, in the Dolphin Bay area of Imperial Beach, within close proximity to the Bayshore Bikeway, and easy access to several neighborhood shopping centers and Silver Strand. There are: Four (4) spacious 1-bedroom/1-bathroom units; and Two (2) large 3-bedroom/2-bathroom units. Select units have private outdoor areas, and/or have been upgraded with vinyl plank flooring and updated kitchens and bathrooms. The property is on a corner lot and boasts eleven (11) surface off-street parking spaces, as well as a separate laundry room on-site. Pricing reflects a low $446/SF of rentable building area, suggesting good upside via continued modernization efforts, sufficient to justify upper end market rents for the immediate area. Built of wood frame construction upon a concrete on grade foundation, with 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 ceiling fans/light fixtures, radiant heat, and standard appliance packages. An opportunity exists to modernize the apartments with higher quality finishes, fixtures and appliances, sufficient to justify upper end rents for the area, in line with upgraded units nearby. Owned by the same family for around 20 years, this is a rare opportunity with upside in the desirable northerly Dolphin Bay area of IB, near the Bayshore Bikeway and Silver Strand. Close proximity to the beach and its ever improving dining/brewery/retail scene is also a plus!

Listing Courtesy of Joseph Burrough, Palma Commercial

Interior Features

Heating: See Remarks, Radiant

Exterior Features

Roof: Rolled/Hot Mop
FOR MORE INFORMATION, PLEASE CONTACT AGENT:
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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