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Josh Pono

joshp@1stclassre.com +1(619) 384-8163

$2,499,999

Est. payment - /mo

0.37 Acres Lot

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID PTP2608370

HOA Y/N No

Year Built 1979

Lot Size 0.370 Acres

Property Description

Excellent investment opportunity in Imperial Beach! Located at 1150–1176 11th Street, this six-unit income-producing property offers a desirable mix of spacious townhouse-style residences and well-appointed units, each with its own electric meter. The property features the following unit configurations: Unit 1150 offers 3 bedrooms and 1.5 bathrooms; Unit 1152 features 3 bedrooms and 2 bathrooms, including a spacious primary bedroom with a walk-in closet; Units 1154 and 1156 each offer 2 bedrooms and 1 bathroom; and Units 1174 and 1176 each feature 2 bedrooms and 1.5 bathrooms. The front units offer townhouse-style layouts, while the rear units provide comfortable living spaces with private patios. Units are approximately 900 to 1,000 square feet. The property features individual garages for each unit, plus three additional garages, providing exceptional parking and storage opportunities. The garages also present potential opportunities for conversion into Accessory Dwelling Units (ADUs), subject to city approval, zoning regulations, and applicable permitting requirements, offering additional possibilities for future rental income and property value enhancement. Additional highlights include seven electric meters, three gas tanks, and two water meters, with one serving the two front units and the second serving the four rear units. The property also features a shared boiler serving the four rear units and fence-to-fence property ownership. All six units are currently tenant-occupied, generating a combined actual rental income of **$13,645 per month, or $163,740 annually**, with individual monthly rents of $3,000, $1,650, $1,700, $2,450, $2,450, and $2,395. Water is included in the rent. Located just minutes from coastal dining, local military bases, Coronado Island, and the beach, this income-producing property offers an exceptional opportunity for investors seeking established rental income and long-term investment potential in a desirable Southern California coastal community. A valuable addition to any real estate portfolio!

Location

State CA

County San Diego

Area 91932 - Imperial Beach

Zoning R-3:RESTRICTED MULTIPLE

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 9.0

Garage Description 9.0

Pool None

Community Features Curbs

View Y/N No

Total Parking Spaces 9

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Others

Senior Community No

Tax ID 6321303600

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Standard

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Listed by Carlos Elizondo ShoppingSDHouses 619-992-9150, DRE #02066903

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Josh Pono

+1(619) 384-8163

Owner/CEO/Trainer/Coach License ID: 02016846

1150 1176 11Th ST Imperial Beach, CA 91932

Josh Pono

Key Details

Location

Interior

Exterior

Building

Others

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1150 1176 11Th ST