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$ 1,225,000
Est. payment | /mo
3 Beds
3 Baths
$ 1,225,000
Est. payment | /mo
3 Beds
3 Baths
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Imperial Beach
MLS Listing ID 260025956
Bedrooms 3
Full Baths 3
Year Built 1950
Property Sub-Type Res Income 2-4 Units
Property Description
MUST BE SOLD WITH THE IDENTICAL ADJACENT PROPERTY 651-655 SEACOAST DR. Each Property is Listed for $1,225,000 for a Total List Price of $2,450,000. Pleased to present 645–655 Seacoast Drive, a six unit coastal investment one block from the sand in Imperial Beach, California. The offering consists of 4 single-story buildings on two separate legal parcels — approximately 2,720 rentable square feet on a combined 8,277-square-foot site. The parcels must be sold together. Every unit is a one-bedroom, one-bath home of roughly 450 square feet. The property is 100% occupied, four of the six units have been partially renovated, and the roofs were replaced in September 2026 — taking one of the largest near-term capital items off an incoming owner's list. Scheduled rents average $1,862 per unit against an estimated market rent of $2,500, roughly 34% upside as units turn over. Because each parcel holds three units, a buyer can finance each with residential one-to-four-unit loan programs rather than commercial multifamily debt.
Location
State CA
County San Diego
Community Laundry Facilities
Area South Bay
Interior
Fireplace No
Exterior
Fence Gate
View Y/N No
Roof Type Other/Remarks
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 625-013-02-00
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Call Agent, N/K
Virtual Tour https://www.propertypanorama.com/instaview/snd/260025956
Listed by Jared Wallach • Marcus & Millichap
NEARBY SCHOOL & BUSINESS