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Residential Income for sale : 3 bedrooms : 651-55 Seacoast Dr in Imperial Beach

651-55 Seacoast Dr Imperial Beach

Main Photo: Residential Income for sale : 3 bedrooms : 651-55 Seacoast Dr in Imperial Beachbanner
$1,225,000
Prop. Type:
Residential Income
MLS® Num:
260025960
Status:
Active
Bedrooms:
3
Bathrooms:
3
Year Built:
1950
MUST BE SOLD WITH THE IDENTICAL ADJACENT PROPERTY 645-649 SEACOAST DR. Each Property is Listed for $1,225,000 for a Total List Price of $2,450,000. Pleased to present 645–655 Seacoast Drive, a six unit coastal investment one block from the sand in Imperial Beach, California. The offering consists of 4 single-story buildings on two separate legal parcels — approximately 2,720 rentable square feet on a combined 8,277-square-foot site. The parcels must be sold together. Every unit is a one-bedroom, one-bath home of roughly 450 square feet. The property is 100% occupied, four of the six units have been partially renovated, and the roofs were replaced in September 2026 — taking one of the largest near-term capital items off an incoming owner’s list. Scheduled rents average $1,862 per unit against an estimated market rent of $2,500, roughly 34% upside as units turn over. Because each parcel holds three units, a buyer can finance each with residential one-to-four-unit loan programs rather than commercial multifamily debt.
Property Sub Type:
Res Income 2-4 Units
Number of Buildings:
2
County Or Parish:
San Diego
Market Area:
South Bay
Neighborhood Code:
Imperial Beach
Name of Complex/Subdivision:
IMPERIAL BEACH
Building Name:
Imperial Beach
Total Building Area:
Switch units of measure1,350 sq. ft.
Total Floor Area:
Switch units of measure0 sq. ft.
Total Bedrooms:
3
Bathrooms:
3
Full Bathrooms:
3
Half Bathrooms:
0
Stories:
1 Story
Total Stories:
1
Year Built:
1950
Age (in years):
Switch units of measure76 year(s)
Short Sale:
false
Mello Roos Fee:
$0
Other Fees:
$0
Monthly Total Fees:
$0
Terms:
Conventional
Cap Rate.:
3.07
Gross scheduled income:
67634.0
Other income actual:
0
Operating expense:
28037.0
Number of Units:
3
Number of Units with Cooling:
0
Tenant pays:
Sewer, Water, Electricity, Gas/Propane
Unit Number for Unit 1:
651
Unit Number for Unit 2:
653
Unit Number for Unit 3:
655
Projected Rent for Unit 1:
$2,500
Projected Rent for Unit 2:
$2,500
Projected Rent for Unit 3:
$2,500
Site Influences:
Alley Access
Complex Features:
Laundry Facilities
Special Listing Conditions:
Call Agent
Age Restrictions:
N/K
Construction Material:
Stucco
Lot Size:
Switch units of measure0 sq. ft.
Parcel Number:
625-013-03-00
Cooling:
N/K
Roof:
Other/Remarks
Security:
N/K
Fencing:
Gate
Listed by Marcus & Millichap
Data was last updated November 2, 2026 at 07:10 AM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty
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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2026 San Diego Multiple Listing Service, Inc.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2026 San Diego Multiple Listing Service, Inc.