Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    N/A

  • Heating YN

    YES

  • Heating

    Radiant, See Remarks

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Property Type

    Residential Income

Price

  • Sales Price

    $1,715,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

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Location

County

San Diego

Elementary School

Middle School

High School

Listing Courtesy of Joseph Burrough , Palma Commercial

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We are thrilled to present for sale the Six (6) Unit apartment property at 637 10th Street, in the Dolphin Bay area of Imperial Beach, within close proximity to the Bayshore Bikeway, and easy access to several neighborhood shopping centers and Silver Strand.  There are: Four (4) spacious 1-bedroom/1-bathroom units; and Two (2) large 3-bedroom/2-bathroom units.  Select units have private outdoor areas, and/or have been upgraded with vinyl plank flooring and updated kitchens and bathrooms. The property is on a corner lot and boasts eleven (11) surface off-street parking spaces, as well as a separate laundry room on-site.  Pricing reflects a low $446/SF of rentable building area, suggesting good upside via continued modernization efforts, sufficient to justify upper end market rents for the immediate area. Built of wood frame construction upon a concrete on grade foundation, with flat roof and stucco exterior, apartments all have screen doors and aluminum frame windows.  The apartment building is separately metered for electricity and master metered for gas.  Inside, the units have ceiling fans/light fixtures, radiant heat, and standard appliance packages.  An opportunity exists to modernize the apartments with higher quality finishes, fixtures and appliances, sufficient to justify upper end rents for the area, in line with upgraded units nearby.  Owned by the same family for around 20 years, this is a rare opportunity with upside in the desirable northerly Dolphin Bay area of IB, near the Bayshore Bikeway and Silver Strand.  Close proximity to the beach and its ever improving dining/brewery/retail scene is also a plus!

637 10th

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