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1398 Seacoast Drive

Imperial Beach, CA 91932
  • $3,149,000
  • STATUS: ACTIVE
  • ON SITE: 178 Days
  • ID#: 240001582
UPDATED: 134 min ago
$3,149,000
  • 7
    BEDS
  • 0.11
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 3,755
    SQFT
  • $839
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1965
County:

School Ratings & Info

Description

5 fully remodeled units, some with direct ocean/beach views to West and Estuary views to East, all with direct beach access. 40' of oceanfront. All new kitchens and bathrooms with new wood floors and bathroom tile. New split systems for heat/AC (dual zone in Units A&B). 2 large, lockable storage spaces can be rented separately. Unit A sits right on beach with large, private patio and full ocean views from family room and upstairs master bedroom. Units B & C 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. Property could be converted to beachfront single family home with 3 rental units. 3 large under-building storage spaces can be rented for additional income.

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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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/146797076
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1398 Seacoast Drive Imperial Beach, CA 91932

  • Price: $3,149,000
  • Status: ACTIVE
  • On Site: 178 Days
  • Updated: 134 min ago
  • ID#: 240001582
7
Beds
6
Baths
0
½ Baths
0.11
Acres
3,755
SQFT
$839
$/SQFT
1965
Built
Neighborhood:
South Seacoast Drive
County:
San Diego
Area:
Imperial Beach (91932)
Property Description
5 fully remodeled units, some with direct ocean/beach views to West and Estuary views to East, all with direct beach access. 40' of oceanfront. All new kitchens and bathrooms with new wood floors and bathroom tile. New split systems for heat/AC (dual zone in Units A&B). 2 large, lockable storage spaces can be rented separately. Unit A sits right on beach with large, private patio and full ocean views from family room and upstairs master bedroom. Units B & C 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. Property could be converted to beachfront single family home with 3 rental units. 3 large under-building storage spaces can be rented for additional income.
Exterior Features

Exterior StuccoWood Fencing Partial Frontage Ocean/Bluff Frontage Dimensions In Feet 40 Irrigation N/K Lot Dimensions Approx 40x120 Parking For RV None Known 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 Uncovered Parking Non Garage Desc Unit2 Uncovered Parking Non Garage Desc Unit3 Uncovered Parking Non Garage Desc Unit4 Uncovered Parking Spaces Total Unit1 1.0 Parking Spaces Total Unit2 1.0 Parking Spaces Total Unit3 1.0 Parking Spaces Total Unit4 1.0 Pool Heat None Known Roof Rolled/Hot Mop Site Public StreetSidewalksStreet PavedWest of I-5 Spa N/K Spa Heat None Known Topography Slope Gentle Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 0 Units With Patios 4 View Lagoon/EstuaryOcean

Interior Features

Cooling Wall/WindowZoned Area(s) Furnished Units 3 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Equipment Zoned AreasWall/Gravity Heat Source Electric 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 No Unit3 Laundry Hook Ups No Unit4 Laundry Hook Ups No Units With Cooling 4 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 4.3 Additional Property Use N/K Age Restrictions N/K Annual Expense Actual 38865 Annual Expense Projected 38865 Association ID San Diego Association of REALTORS (SDAR) Buildings 1 Cfd Mello Roos Fee 0.0 Community IMPERIAL BEACH Complex Features N/K Complex Park 1398 Seacoast Cross Streets Imperial Beach Blvd Gross Rent Multiplier Actual 17.4 Gross Rent Multiplier Project 16.47 Gross Scheduled Income Actual 195375 Gross Scheduled Income Project 206400 Home Owners Assoc Fee Includes N/K Mandatory Remarks None Known Market Area South Bay Miscellaneous N/K Monthly Total Fees 0 Net Operating Income Projected 49890 Other Fee Type N/K Other Fees 0.0 Other Income Actual 0 Pets Yes Possession Close of Escrow Sales Restrictions Call Agent Security N/K Sewer Septic Sewer Connected Short Sale No Telecommunications N/K Tenant Pays N/K Terms CashConventionalVA Unit Number For Unit1 A Unit Number For Unit2 B Unit Number For Unit3 C Unit Number4 D Unit1 Deposit 4000 Unit1 Occupied Tenant Unit1 Projected Rent 5100.0 Unit1 Rent Actual 4000.0 Unit2 Deposit 0 Unit2 Occupied Vacant Unit2 Projected Rent 3900.0 Unit2 Rent Actual 0.0 Unit3 Deposit 0 Unit3 Occupied Vacant Unit3 Projected Rent 3100 Unit3 Rent Actual 0.0 Unit4 Deposit 0 Unit4 Occupied Vacant Unit4 Projected Rent 2900 Unit4 Rent Actual 0.0 Water Meter on Property

San Diego MLS logo Listing provided courtesy of Jon Palmieri of Compass: 619-400-7583. Listing information © 2024 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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