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Description

It is an honor to present for sale the six (6) unit apartment property at 637 10th Street, in the northerly Dolphin Bay area of Imperial Beach, close to the Bayshore Bikeway and several retail centers. The unit mix consists of: Four (4) one-bedroom/one-bathroom units and Two (2) three-bedroom/two-bathroom units, several of which have private patios/balconies and/or have been updated with vinyl plank flooring. Units are spacious, and the property has a total of eleven (11) surface off-street parking spaces, as well as a laundry room on-site. Pricing reflects a low $446/SF of RBA, suggesting good upside potential via modernization of these generously sized units. Built of wood-frame construction upon a concrete slab foundation with a flat roof and stucco exterior, apartments all have screen doors and aluminum frame windows. The apartment building is separately metered for electricity and master metered for gas. Inside, the units have radiant heat and a standard appliance packages. An opportunity exists to modernize the apartments with higher-end finishes, fixtures and appliances, sufficient to justify higher rents and overall improved operations, in line with upgraded multifamily units in the immediate area. Owned by the same family for around 20 years, this is a rare opportunity with upside in the desirable northerly (Dolphin Bay) section of Imperial Beach, near the Bayshore Bikeway, providing easy access to Silver Strand and Coronado beaches. Good proximity to the beach (11 blocks) and its vibrant retail scene, with a unique array of breweries and restaurants.

Details

Features

Interior

Exterior

MLS Number: 250023061SD

Listing Provided By: Joseph Burrough – jburrough@palmacommercial.com

Palma Commercial – (858) 352-6742 – jburrough@palmacommercial.com