775 9th St
Imperial Beach, CA 91932
Multifamily Property For Sale · 7 Units

Centrally located within Imperial Beach, 775 9th Avenue is a seven (7) unit apartment property, originally built to condo specifications in 1992, and comprised of: three (3) two-bedroom/two-bathroom units, and four (4) two-bedroom/two and a half-bathroom units, all of which are townhomes. The units feature central heat, standard appliance packages (including dishwashers), hardwood cabinets, formica countertops, linoleum flooring in kitchens and bathrooms, with carpeting elsewhere. This property features a gated first floor parking garage with fourteen (14) spaces. Walk-up access is gated, with two separate entryways. Second and third floors house the units, which have private balconies and good natural light. The roof is pitched Spanish-tile, and was recently replaced. An opportunity exists to add value via cosmetic upgrades including newer appliances and sleeker finishes, thereby justifying higher rents than are currently in-place. Have been told that white papers were obtained at one time but expired. Separately metered for gas, electricity and water/sewer. A few units have been partially updated with wood-laminate flooring. 775 9th Avenue is located one block from the new Breakwater Town Center, about 5 blocks from the Silver Strand Bikeway, and about 9-10 blocks from the beach.