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1398 Seacoast Drive

Imperial Beach, CA 91932
  • $4,190,000
  • STATUS: ACTIVE
  • ON SITE: 253 Days
  • ID#: 220024351
UPDATED: 235 min ago
$4,190,000
  • 7
    BEDS
  • N/A
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1965
County:

School Ratings & Info

Description

Fully remodeled units, some with direct ocean/beach views. All new kitchen and bathrooms, some with wood floors, others with vinyl-wood flooring. New split systems for heat/AC (dual zone in Unit 2). 3 large, lockable storage spaces available but not now rented. ADDITIONAL FULLY-REMODELED STUDIO UNIT 5 (currently rented at $2,600/mo), OR COULD BE USED AS A COMMON AREA FOR TENANTS. Unit 1 sits right on beach with large, private patio and full ocean views from upstairs master bedroom. Units 2 & 3 also have direct ocean views. Tenants enjoy private, elevated sand beach area. Oversized under building owner's storage area with additional washer/dryer. Units have been popular with DOD and Traveling Nurse tenants due to beach location and proximity to South Bay Naval & Medical facilities. Zoning allows for dividing property into a front, private beach home and rear apartments to be sold separately after remapping. Please verify to your satisfaction prior to close of escrow.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/133358938
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1398 Seacoast Drive Imperial Beach, CA 91932

  • Price: $4,190,000
  • Status: ACTIVE
  • On Site: 253 Days
  • Updated: 235 min ago
  • ID#: 220024351
7
Beds
6
Baths
0
½ Baths
N/A
Acres
1965
Built
Neighborhood:
South Seacoast Drive
County:
San Diego
Area:
Imperial Beach (91932)
Property Description
Fully remodeled units, some with direct ocean/beach views. All new kitchen and bathrooms, some with wood floors, others with vinyl-wood flooring. New split systems for heat/AC (dual zone in Unit 2). 3 large, lockable storage spaces available but not now rented. ADDITIONAL FULLY-REMODELED STUDIO UNIT 5 (currently rented at $2,600/mo), OR COULD BE USED AS A COMMON AREA FOR TENANTS. Unit 1 sits right on beach with large, private patio and full ocean views from upstairs master bedroom. Units 2 & 3 also have direct ocean views. Tenants enjoy private, elevated sand beach area. Oversized under building owner's storage area with additional washer/dryer. Units have been popular with DOD and Traveling Nurse tenants due to beach location and proximity to South Bay Naval & Medical facilities. Zoning allows for dividing property into a front, private beach home and rear apartments to be sold separately after remapping. Please verify to your satisfaction prior to close of escrow.
Exterior Features

Exterior BlockWood/Stucco Fencing Partial Frontage Ocean/Sand Irrigation N/K Parking Garage Desc Unit1 N/K Parking Garage Desc Unit2 N/K Parking Garage Desc Unit3 N/K Parking Garage Desc Unit4 N/K Parking Garage Spaces Unit1 0 Parking Garage Spaces Unit2 0 Parking Garage Spaces Unit3 0 Parking Garage Spaces Unit4 0 Parking Non Garage Desc Unit1 AssignedUncovered Parking Non Garage Desc Unit2 AssignedUncovered Parking Non Garage Desc Unit3 AssignedUncovered Parking Non Garage Desc Unit4 AssignedUncovered Pool N/K Roof Rolled/Hot Mop Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 0 Units With Patios 4 View Ocean

Interior Features

Cooling Other/RemarksZoned Area(S) Furnished Units 4 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Equipment Floor Furnace Heat Source ElectricNatural Gas Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups Yes Unit4 Laundry Hook Ups Common Units With Cooling 3 Units With Dishwashers 4 Units With Dryers 1 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 1 Water Heater Type Gas

Property Features

Actual Cap Rate 3.62 Additional Property Use N/K Age Restrictions N/K Annual Expense Actual 37679 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Community Imperial Beach Complex Features Beach RightsLaundry Facilities Complex Park 1398 Seacoast Cross Streets Imperial Beach Blvd Gross Rent Multiplier Actual 18.86 Gross Scheduled Income Actual 247100 Mandatory Remarks None Known Market Area South Bay Miscellaneous N/K Monthly Total Fees 30 Other Fee Type N/K Other Fees 354.0 Other Fees Payment Frequency Annual Other Fees Reflect Year Other Income Actual 100 Pets Yes Possession Close Of Escrow Projected Other Income 7200.0 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Tenant Pays N/K Terms CashExchange Unit Number For Unit1 A Unit Number For Unit2 B Unit Number For Unit3 C Unit Number4 D Unit1 Deposit 1000 Unit1 Occupied Tenant Unit1 Projected Rent 5900.0 Unit1 Rent Actual 5900.0 Unit2 Deposit 2000 Unit2 Occupied Tenant Unit2 Projected Rent 5500.0 Unit2 Rent Actual 5500.0 Unit3 Deposit 2000 Unit3 Occupied Tenant Unit3 Projected Rent 3900 Unit3 Rent Actual 3900.0 Unit4 Deposit 1800 Unit4 Occupied Tenant Unit4 Projected Rent 3600 Unit4 Rent Actual 3600.0 Water Meter On Property

San Diego MLS logo Listing provided courtesy of of Compass: . Listing information © 2023 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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