1010 11th St. is a unique opportunity to acquire a rare multifamily asset. Perfect for an owner occupant seeking to offset their mortgage or a creative investment opportunity in a strong rental market. The property is located in a quiet beachside community surrounded by residential and smaller multifamily properties. Boasting a superior unit mix of: (1) 4bd/2.5ba (2300 SF), (1) 2bd/1ba (945 SF) and (3) non-conforming studios. There are (2) two-car garages* and (1) tandem garage with ample onsite parking and space for a boat or RV.
There is a true sense of “pride of ownership” where the owner has taken meticulous care of the property with several capital improvements completed over the years. The two bedroom unit has gone through extensive interior renovations; including new flooring, carpet, paint and entire kitchen remodel. The exterior has been recently painted and a new 40 year roof installed. Tenants enjoy the mature tropical landscaping in the communal yards surrounding the property creating a tranquil and serene environment. This is the epitome of casual “beach living” situated within a mile in a half to the sand and some of the best secluded breaks in the county. Minutes away from coastal dining, attractions, shopping, transportation, schools and community parks.
Imperial Beach is currently going through a “Revitalization Period” with several local redevelopment projects underway, that are reshaping the landscape of the community. Adding to the allure and growth is the Navy SEAL military base that will be relocating over 3,300 individuals and their families to the immediate area in 2020. These individuals receive between $1,900-$3,400 per month for housing.
Property Marketed as Pro-Forma, currently owner occupied.
