See all 74 photos
74 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$2,499,999
Est. payment /mo
0.37 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID PTP2608370
HOA Y/N No
Year Built 1979
Lot Size 0.370 Acres
Property Description
Excellent investment opportunity in Imperial Beach! Located at 1150–1176 11th Street, this six-unit income-producing property offers a desirable mix of spacious townhouse-style residences and well-appointed units, each with its own electric meter. The property features the following unit configurations: Unit 1150 offers 3 bedrooms and 1.5 bathrooms; Unit 1152 features 3 bedrooms and 2 bathrooms, including a spacious primary bedroom with a walk-in closet; Units 1154 and 1156 each offer 2 bedrooms and 1 bathroom; and Units 1174 and 1176 each feature 2 bedrooms and 1.5 bathrooms. The front units offer townhouse-style layouts, while the rear units provide comfortable living spaces with private patios. Units are approximately 900 to 1,000 square feet. The property features individual garages for each unit, plus three additional garages, providing exceptional parking and storage opportunities. The garages also present potential opportunities for conversion into Accessory Dwelling Units (ADUs), subject to city approval, zoning regulations, and applicable permitting requirements, offering additional possibilities for future rental income and property value enhancement. Additional highlights include seven electric meters, three gas tanks, and two water meters, with one serving the two front units and the second serving the four rear units. The property also features a shared boiler serving the four rear units and fence-to-fence property ownership. All six units are currently tenant-occupied, generating a combined actual rental income of **$13,645 per month, or $163,740 annually**, with individual monthly rents of $3,000, $1,650, $1,700, $2,450, $2,450, and $2,395. Water is included in the rent. Located just minutes from coastal dining, local military bases, Coronado Island, and the beach, this income-producing property offers an exceptional opportunity for investors seeking established rental income and long-term investment potential in a desirable Southern California coastal community. A valuable addition to any real estate portfolio!
Location
State CA
County San Diego
Area 91932 - Imperial Beach
Zoning R-3:RESTRICTED MULTIPLE
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 9.0
Garage Description 9.0
Pool None
Community Features Curbs
View Y/N No
Total Parking Spaces 9
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Others
Senior Community No
Tax ID 6321303600
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2608370
Lease Land No
Read Less Info
Listed by Carlos Elizondo ShoppingSDHouses 619-992-9150, DRE #02066903
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION