OUR AGENTS' LISTINGS

1398 Seacoast Drive
South Bay Imperial Beach 91932

$4,840,000
2-4 Units built: 1965

Main Photo: IMPERIAL BEACH Property for sale: 1398 Seacoast Drive
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Status:
Active
Prop. Type:
2-4 Units
MLS® Num:
220024351
Year Built:
1965
Fully remodeled units, some with direct ocean/beach views. All new kitchen and bathrooms, some with wood floors, others with vinyl-wood flooring. New split systems for heat/AC (dual zone in Unit 2). 3 large, lockable storage spaces available but not now rented. ADDITIONAL FULLY-REMODELED STUDIO UNIT 5 (currently rented at $2,600/mo), OR COULD BE USED AS A COMMON AREA FOR TENANTS. Unit 1 sits right on beach with large, private patio and full ocean views from upstairs master bedroom. Units 2 & 3 also have direct ocean views. Tenants enjoy private, elevated sand beach area. Oversized under building owner's storage area with additional washer/dryer. Units have been popular with DOD and Traveling Nurse tenants due to beach location and proximity to South Bay Naval & Medical facilities.
Lot Size:
4,000-7,499 SF
Number of Buildings:
1
Number of Units:
4
Year Built:
1965
Stories:
2 Story
Total Stories:
2
Market Area:
South Bay
Community:
IMPERIAL BEACH
County:
San Diego
Neighborhood Code:
South Seacoast Drive
Name of Complex/Subdivision:
1398 Seacoast
Mello Roos Fee:
0.0
Monthly Total Fees:
30.0
Other Fees:
354.0
Other Fees Frequency:
Annual
Other Fee Type:
N/K
Tenant pays:
N/K
Other income:
100
Projected other income:
7200.0
Annual expense actual:
37679
Cap Rate.:
3.62
Gross Rent Multiplier:
18.86
Gross scheduled income:
247100
Unit Number for Unit 1:
A
Bedrooms for Unit 1:
2
Number of bathrooms for Unit 1:
2
Full Bathrooms for Unit 1:
2
Half Bathrooms for Unit 1:
0
Deposit for Unit 1:
1000.0
Total Rent for Unit 1:
5900.0
Projected Rent for Unit 1:
5900.0
Total Garage Spaces for Unit 1:
0
Garage for Unit 1:
N/K
Parking for Unit 1:
Assigned, Uncovered
Unit 1 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 1:
Yes
Unit Number for Unit 2:
B
Bedrooms for Unit 2:
3
Number of bathrooms for Unit 2:
2
Full Bathrooms for Unit 2:
2
Half Bathrooms for Unit 2:
0
Deposit for Unit 2:
2000.0
Total Rent for Unit 2:
5500.0
Projected Rent for Unit 2:
5500.0
Total Garage Spaces for Unit 2:
0
Garage for Unit 2:
N/K
Parking for Unit 2:
Assigned, Uncovered
Unit 2 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 2:
Common
Unit Number for Unit 3:
C
Bedrooms for Unit 3:
1
Number of bathrooms for Unit 3:
1
Full Bathrooms for Unit 3:
1
Half Bathrooms for Unit 3:
0
Deposit for Unit 3:
2000.0
Total Rent for Unit 3:
3900.0
Projected Rent for Unit 3:
3900.0
Total Garage Spaces for Unit 3:
0
Garage for Unit 3:
N/K
Parking for Unit 3:
Assigned, Uncovered
Unit 3 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 3:
Yes
Unit Number for Unit 4:
D
Bedrooms for Unit 4:
1
Number of bathrooms for Unit 4:
1
Full Bathrooms for Unit 4:
1
Half Bathrooms for Unit 4:
0
Deposit for Unit 4:
1800.0
Total Rent for Unit 4:
3600.0
Projected Rent for Unit 4:
3600.0
Total Garage Spaces for Unit 4:
0
Garage for Unit 4:
N/K
Parking for Unit 4:
Assigned, Uncovered
Unit 4 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 4:
Common
Zoning allows for dividing property into a front, private beach home and rear apartments to be sold separately after remapping. Please verify to your satisfaction prior to close of escrow.
Imperial Beach Blvd
Miscellaneous:
N/K
Complex Features:
Beach Rights, Laundry Facilities
Exposure Front:
Ocean/Sand
Exterior Features:
Block, Wood/Stucco
View:
Ocean/Bay
Directions:
Imperial Beach Blvd west to Seacoast Dr. Seacoast Dr south to property.
Cooling:
Zoned Area(s), Other
Heating:
Floor Furnace
Heating fuel:
Electric, Natural Gas
Irrigation:
N/K
Additional Use:
N/K
Number of Units with Cooling:
3
Number of Units with Dishwashers:
4
Number of Units with Dryers:
1
Number of Units with Fireplaces:
0
Number of Furnished Units:
4
Number of Units with Garages:
0
Number of Units with Patios:
4
Number of Units with Range/Oven:
4
Number of Units with Refrigerators:
4
Number of Units with Washers:
1
Pool:
N/K
Roof:
Rolled/Hot Mop
Sewer Septic:
Sewer Connected
Water Heater Type:
Gas
Water supply:
Meter on Property
Security:
N/K
Fencing:
Partial
Short Sale:
No
Listing Type:
Exclusive Right (R)
Age Restrictions:
N/K
Sales Restrictions:
N/K
Terms:
Cash, Exchange
Pets:
Yes
Parcel Number:
632-030-03-00
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Data was last updated October 6, 2022 at 07:10 AM (UTC)
Area Statistics
Listings on market:
34
Avg list price:
$1,150,000
Min list price:
$595,000
Max list price:
$8,000,000
Avg days on market:
89
Min days on market:
3
Max days on market:
2,076
Avg price per sq.ft.:
$142.41
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.