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$ 1,150,000
Est. payment | /mo
7,000 Sqft Lot
$ 1,150,000
Est. payment | /mo
7,000 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID PTP2503270
HOA Y/N No
Year Built 1958
Lot Size 7,000 Sqft
Property Description
Charming Two-House Property in Imperial Beach – Prime Location, Upgraded, Perfect Investment Opportunity! Welcome to this rare gem, where opportunity meets coastal vibes! Nestled just one block from the serene bay, this upgraded property features two beautifully renovated homes on a single lot — offering both an outstanding investment opportunity and a comfortable living space in one of San Diego's coastal neighborhoods. One of the few lots zoned for short-term rentals w/proven success as a 5 star Airbnb! Both homes have been thoughtfully renovated, combining modern conveniences with coastal charm. The front house, a 2-bedroom, 1-bath home, offers an open-concept living space flooded with natural light. With plank flooring, custom cabinetry, and stainless steel appliances, the design creates a stylish, inviting atmosphere perfect for family living or as a vacation getaway. The backyard has plenty of space for gatherings, complete with low-maintenance landscaping. The back unit is a 2-bedroom, 2-bath home that's currently being used as a highly profitable vacation rental. This home offers a serene, private space with modern amenities, making it the ideal vacation destination for guests. It's fully furnished with all the essentials for a smooth rental experience and boasts an incredible track record of rental income, generating significant returns for the current owner. Whether you choose to continue renting it out or convert it into a long-term rental, this property is a money-maker! Imperial Beach is one of San Diego's best-kept secrets — and this property sits in the heart of it. With the bay just a block away, you'll have easy access to water sports, kayaking, and stunning sunset views right at your doorstep. For cycling enthusiasts, the property is just steps away from the Coronado bike trail, which connects directly to the iconic Coronado Island and its picturesque beaches. Additionally, the exciting new convention center in the area is just a short bike ride away, opening the door for more events and tourism to the neighborhood. Imperial Beach itself is rapidly becoming a sought-after destination, with ongoing development adding to its appeal, all while maintaining the relaxed, small-town beach vibe. This unique property offers both a personal retreat and a proven income generator. The vacation rental unit has been expertly managed to maximize profits, with consistent bookings and high ratings from past guests. Whether you continue running the back unit as a vacation rental, rent both homes long-term, or live in one and rent the other, this property offers versatility and a high return on investment. Featuring: Prime Location – 1 block from the bay and walking distance to the bike trail to Coronado and Gaylord Resort & Convention Center Two Completely Upgraded Homes – Perfect for multi-family living or as a rental property Highly Profitable Vacation Rental – Back unit offers substantial income potential Upgraded Finishes Throughout – Modern kitchens, bathrooms, flooring, and more Private Outdoor Space – Perfect for entertaining or relaxing Minutes from the New Convention Center and Local Amenities – Close to shops, dining, and the beach This two-house property is a rare opportunity to own in one of the fastest-growing areas in San Diego. Whether you're an investor looking for consistent returns or a homeowner wanting a beautiful coastal property with room for income generation, this property is sure to impress.
Location
State CA
County San Diego
Area 91932 - Imperial Beach
Zoning R-4:MULTIPLE RESIDENTIAL
Interior
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Pool None
Community Features Biking, Street Lights, Sidewalks, Park
View Y/N No
Total Parking Spaces 3
Private Pool No
Building
Lot Description Back Yard, Front Yard, Landscaped, Level, Near Park, Near Public Transit, Yard
Story 1
Others
Senior Community No
Tax ID 6262421300
Acceptable Financing Cash, Cash to New Loan, Conventional, FHA, Fannie Mae, VA Loan
Listing Terms Cash, Cash to New Loan, Conventional, FHA, Fannie Mae, VA Loan
Special Listing Condition Standard
Listed by Madeline Guerra • LPT Realty, Inc. • madelinerealtor1@gmail.com
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "