OUR AGENTS' LISTINGS

1398 Seacoast Drive
South Bay Imperial Beach 91932

$4,840,000 /978000.0
Com-Res Income 4,801 sq. ft. built: 57

Main Photo: Property for sale: 1398 Seacoast Drive in Imperial Beach
Photo 1: Property for sale: 1398 Seacoast Drive in Imperial Beach
Photo 2: Property for sale: 1398 Seacoast Drive in Imperial Beach
Photo 3: Property for sale: 1398 Seacoast Drive in Imperial Beach
Photo 4: Property for sale: 1398 Seacoast Drive in Imperial Beach
Photo 5: Property for sale: 1398 Seacoast Drive in Imperial Beach
Photo 6: Property for sale: 1398 Seacoast Drive in Imperial Beach
Photo 7: Property for sale: 1398 Seacoast Drive in Imperial Beach
Photo 8: Property for sale: 1398 Seacoast Drive in Imperial Beach
Photo 9: Property for sale: 1398 Seacoast Drive in Imperial Beach
Photo 10: Property for sale: 1398 Seacoast Drive in Imperial Beach
Photo 11: Property for sale: 1398 Seacoast Drive in Imperial Beach
Photo 12: Property for sale: 1398 Seacoast Drive in Imperial Beach
Photo 13: Property for sale: 1398 Seacoast Drive in Imperial Beach
Photo 14: Property for sale: 1398 Seacoast Drive in Imperial Beach
Status:
Active
Prop. Type:
Com-Res Income
MLS® Num:
220017358
Year Built:
57
Completely remodeled and upgraded beachfront complex in Imperial Beach, one of San Diego Counties fastest appreciating markets. Most units have ocean views, all enjoy private beach area. Rear of property has panoramic views of Tijuana Estuary. Benefit from high income and beachfront-level appreciation. Combination of Studio, 1, 2 and 3 bedroom configurations. Four storage areas that can be rented for additional income. High demand for remodeled rentals near beach due to new multi-billion dollar Navy Seal facility. New kitchens and baths in all units, new wood or vinyl-wood flooring in all units. Upgraded electric and plumbing. New windows, appliances, and A/C-Heat. Property could also be redeveloped as a private beachfront home while retaining three of the existing rental units.
Rental Amount:
21600
Price Per Unit:
978000.0
Total Floor Area:
4,801 sq. ft.
Lot Size:
4,791.6 sq. ft.
Lot Size Commercial:
.25 Acres or less
Lot Details:
40x120
County:
San Diego
Market Area:
South Bay
Number of Buildings:
1
Number of Units:
5
Stories:
2 Story
Num Stories:
2
Unit Type:
Apartment
Year Built:
57
Cap Rate.:
3.62
Gross Multiplier:
18.86
Gross operating income:
247100
Gross scheduled income:
259200.0
Other income:
100
Taxes expense:
23364
Operating expense:
49779
Vacancy & Credit Loss:
12000.0
Projected other income:
7200
Gross equity:
4890000
Motive / Want:
Cash Out or Exchange
Existing Financing:
Clear
I-5 South to Coronado Blvd, West to Imperial Beach Blvd, South on Seacoast Drive to property.
Short Sale:
No
Listing Type:
Exclusive Right (R)
Exterior Finish:
Block Fence, Part Fenced, Wood Fence
Parking:
Other/Remarks
Number of Carports:
0
Total Parking Spaces:
4
Cooling:
Other
Heating:
Floor Furnace, Heat Pump
Laundry:
Leased
Construction Material:
Drywall, Frame, Lath/Plaster, Stucco
Roof:
Other/Remarks
Floor finish:
Hardwood, Tile, Vinyl
Terms:
Cash, Cash to New Loan, Exchange Down, Exchange Up
Number of Units with Dishwashers:
4
Number of Units with Disposals:
4
Number of Units with Drapes:
5
Number of Units with Garages:
0
Number of Units with Range/Oven:
4
Number of Units with Refrigerators:
5
Number of Leased Appartments:
5
Zoning:
R3
Parcel Number:
632-030-03-00
Number of Units in Unit 1:
1
Unit 1 Furnished:
Y
Total Rent for Unit 1:
5900.0
Bedrooms for Unit 1:
2
Bathroom 1:
2.0
Number of Units in Unit 2:
1
Unit 2 Furnished:
Y
Total Rent for Unit 2:
5500.0
Bedrooms for Unit 2:
3
Bathroom 2:
2.0
Number of Units in Unit 3:
1
Unit 3 Furnished:
Y
Total Rent for Unit 3:
3900.0
Bedrooms for Unit 3:
1
Bathroom 3:
1.0
Number of Units in Unit 4:
1
Unit 4 Furnished:
Y
Total Rent for Unit 4:
3600.0
Bedrooms for Unit 4:
1
Bathroom 4:
1.0
Number of Units in Unit 5:
1
Unit 5 Furnished:
Y
Total Rent for Unit 5:
2600.0
Bedrooms for Unit 5:
0
Bathroom 5:
1.0
  • Photo 1: Property for sale: 1398 Seacoast Drive in Imperial Beach
    Photo 1 of 14
  • Photo 2: Property for sale: 1398 Seacoast Drive in Imperial Beach
    Photo 2 of 14
  • Photo 3: Property for sale: 1398 Seacoast Drive in Imperial Beach
    Photo 3 of 14
  • Photo 4: Property for sale: 1398 Seacoast Drive in Imperial Beach
    Photo 4 of 14
  • Photo 5: Property for sale: 1398 Seacoast Drive in Imperial Beach
    Photo 5 of 14
  • Photo 6: Property for sale: 1398 Seacoast Drive in Imperial Beach
    Photo 6 of 14
  • Photo 7: Property for sale: 1398 Seacoast Drive in Imperial Beach
    Photo 7 of 14
  • Photo 8: Property for sale: 1398 Seacoast Drive in Imperial Beach
    Photo 8 of 14
  • Photo 9: Property for sale: 1398 Seacoast Drive in Imperial Beach
    Photo 9 of 14
  • Photo 10: Property for sale: 1398 Seacoast Drive in Imperial Beach
    Photo 10 of 14
  • Photo 11: Property for sale: 1398 Seacoast Drive in Imperial Beach
    Photo 11 of 14
  • Photo 12: Property for sale: 1398 Seacoast Drive in Imperial Beach
    Photo 12 of 14
  • Photo 13: Property for sale: 1398 Seacoast Drive in Imperial Beach
    Photo 13 of 14
  • Photo 14: Property for sale: 1398 Seacoast Drive in Imperial Beach
    Photo 14 of 14
Data was last updated October 6, 2022 at 07:10 AM (UTC)
Area Statistics
Listings on market:
12
Avg list price:
$4,345,000
Min list price:
$1,550,000
Max list price:
$19,250,000
Avg days on market:
116
Min days on market:
8
Max days on market:
611
Avg price per sq.ft.:
$218.4
These statistics are generated based on the current listing's property type and located in South Bay. Average values are derived using median calculations.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego Multiple Listing Service, Inc.