739-747 Florida Street, Imperial Beach, CA 91932
739-747 Florida Street, Imperial Beach, CA 91932
739-747 Florida Street, Imperial Beach, CA 91932
739-747 Florida Street, Imperial Beach, CA 91932
739-747 Florida Street, Imperial Beach, CA 91932
739-747 Florida Street, Imperial Beach, CA 91932
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Joshua Smith

Joshua Smith

+1(619) 279-2250
$ 3,750,000
Est. payment | /mo

144 Beds

24 Baths

12,000 SqFt

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$ 3,750,000
Est. payment | /mo
Save Virtual Tour

144 Beds

24 Baths

12,000 SqFt

Key Details

Property Type Multi-Family

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 12,000 sqft

Price per Sqft $312

MLS Listing ID 260010914

Bedrooms 144

Full Baths 12

Half Baths 12

Property Sub-Type Com-Res Income

Property Description

Located at 739–747 Florida Street in the highly desirable coastal community of Imperial Beach, this rare 12-unit multifamily offering presents a compelling investment opportunity just minutes from the sand and with convenient access to the Interstate 5. The property consists of three adjacent parcels, each improved with a well-maintained 4-unit building, situated on an expansive ±24,000 square foot lot. The unit mix includes twelve spacious 2-bedroom / 1.5-bathroom apartments, each approximately 1,000 square feet, providing highly desirable layouts for tenants. The asset offers strong in-place fundamentals, including 18 off-street parking spaces, on-site laundry facilities, and private outdoor areas for each unit. Ownership has also recently completed a full window replacement across the property, reducing future capital expenditure needs. Currently, all units are leased on a month-to-month basis at rents significantly below market, presenting a clear and achievable value-add opportunity. With an estimated 35% rental upside, an investor can implement a strategic renovation program to modernize interiors, increase rents, and stabilize the asset to achieve strong cash flow and long-term appreciation. This is a rare chance to acquire a scale multifamily property in a supply-constrained coastal submarket with immediate upside potential. Opportunities of this size and proximity to the beach are seldom available—this is one you do not want to miss.

Location

State CA

County San Diego

Community Other/Remarks

Area South Bay

Interior

Heating Wall

Cooling Other

Flooring Other/Remarks

Fireplace No

Laundry Owned

Exterior

Parking Features Spaces

View Y/N No

Roof Type Composition

Total Parking Spaces 18

Building

Story 1

Others

Senior Community No

Tax ID 626-302-21,22,23

Virtual Tour https://www.propertypanorama.com/instaview/snd/260010914

MLS Router / San Diego MLS
Listed by Josh Browar, DRE#01824454 The Browar Group 
Nearby Locations
Joshua Smith

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(619) 279-2250

josh@yoursdrealtor.com

10085 Carroll Canyon Rd Suite 100, San Diego, California, 92131, USA

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739-747 Florida Street