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Natalie Miranda
marketing@thewhipplegroup.com$ 1,775,000
Est. payment | /mo
$ 1,775,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Imperial Beach
MLS Listing ID 250031120SD
HOA Y/N No
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!
Location
State CA
County San Diego
Area 91932 - Imperial Beach
Building/Complex Name NA
Interior
Heating Radiant, See Remarks
Cooling See Remarks
Fireplace No
Appliance Gas Water Heater
Exterior
Fence Partial
View Y/N No
Roof Type Rolled/Hot Mop
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 6262222700
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Joseph Burrough • Palma Commercial
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Natalie Miranda
Marketing Director | License ID: 02122928