OUR AGENTS' LISTINGS
1398 Seacoast Drive
Imperial Beach
91932
$4,190,000 /978000.0
Com-Res Income
4,801 sq. ft.
built: 57
- Status:
- Active
- Prop. Type:
- Com-Res Income
- MLS® Num:
- 220017358
- Year Built:
- 57
- Photos (14)
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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
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Data was last updated June 5, 2023 at 01:10 AM (UTC)
Area Statistics
- Listings on market:
- 11
- Avg list price:
- $3,850,000
- Min list price:
- $1,550,000
- Max list price:
- $19,250,000
- Avg days on market:
- 255
- Min days on market:
- 30
- Max days on market:
- 852
- Avg price per sq.ft.:
- $197.23
These statistics are generated based on the current listing's property type
and located in
South Bay. Average values are
derived using median calculations.
- Jon Palmieri
- Compass
- 619-400-7583
- Contact by Email
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 © 2023 San Diego Multiple Listing Service, Inc.
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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 © 2023 San Diego Multiple Listing Service, Inc.