1221 Florida Street, Imperial Beach, CA 91932
- $1,525,000
- List Price
- $1,525,000
- Status
- ACTIVE
- MLS#
- CV26171205
- Year Built
- 1970
- Lot Size
- 9,583
- Acres
- 0.22
- Lot Location
- Front Yard, Sprinklers In Front, Rectangular Lot, Sprinklers Timer
- Days on Market
- 23
- Property Type
- Multifamily
- Style
- Bungalow
- Property Sub Type
- Triplex
- Stories
- One Level
- Neighborhood
- Imperial Beach
Property Description
Excellent investment opportunity in Imperial Beach! This triplex offers strong income potential with significant upside for an investor looking to increase rents and potentially add additional units. Current rents are below market, providing an opportunity to improve future cash flow, while the expansive yard may offer potential for additional units or ADU development, subject to City approval and applicable zoning requirements. The property consists of three individual units, each featuring a functional floor plan with a living room, dining area, kitchen, two bedrooms, and one bathroom. Each unit also includes its own private storage space. Parking is abundant, with each unit having two designated off-street parking spaces conveniently accessible from the rear alley. Ideally located near Oneonta Elementary School, the Imperial Beach Pier, beaches, shopping, dining, and convenient access to Interstate 5. Whether you're looking to expand your investment portfolio, improve existing rents, or explore future development opportunities, this property offers tremendous potential in a highly desirable Southern California coastal community. A must-see opportunity!
Additional Information
- Other Buildings
- Shed(s)
- Appliances
- Dishwasher, Disposal, Gas Oven, Gas Range, Water Heater
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- Neighborhood
- Exterior Construction
- Drywall, Frame, Glass, Concrete, Stucco
- Roof
- Asphalt, Composition, Shingle
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Built-in Features
- Attached Structure
- Detached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $106,200
- Operating Expense
- 14073
Listing courtesy of Listing Agent: Donald Mowery (don@mowerygroup.com) from Listing Office: EXP REALTY OF CALIFORNIA INC.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.