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$ 2,499,999
Est. payment | /mo
10 Beds
5 Baths
0.37 Acres Lot
$ 2,499,999
Est. payment | /mo
10 Beds
5 Baths
0.37 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PTP2608370
Bedrooms 10
Lot Size 0.370 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Excellent investment opportunity in Imperial Beach! Located at 11501176 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**, wi
Location
State CA
County San Diego
Direction GPS
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 6321303600
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Listed by Carlos Elizondo, DRE#02066903 ShoppingSDHouses
Co-listed byMarilyn Mendoza-Martinez • CA-RES
Co-listed byMarilyn Mendoza-Martinez • CA-RES
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