739-747 Florida Street, Imperial Beach, CA 91932
Local realty services provided by:CENTURY 21 Masters
Listed by: josh browar
Office: the browar group
MLS#:260010914
Source:San Diego MLS via CRMLS
Price summary
- Price:$3,495,000
- Price per sq. ft.:$398.97
About this home
Located at 739–747 Florida Street in the highly desirable coastal community of Imperial Beach, this rare 12-unit multifamily offering presents a compelling investment opportunity just minutes from the sand and with convenient access to the Interstate 5. The property consists of three adjacent parcels, each improved with a well-maintained 4-unit building, situated on an expansive ±24,000 square foot lot. The unit mix includes twelve spacious 2-bedroom / 1.5-bathroom apartments, each approximately 1,000 square feet, providing highly desirable layouts for tenants. The asset offers strong in-place fundamentals, including 18 off-street parking spaces, on-site laundry facilities, and private outdoor areas for each unit. Ownership has also recently completed a full window replacement across the property, reducing future capital expenditure needs. Currently, all units are leased on a month-to-month basis at rents significantly below market, presenting a clear and achievable value-add opportunity. With an estimated 35% rental upside, an investor can implement a strategic renovation program to modernize interiors, increase rents, and stabilize the asset to achieve strong cash flow and long-term appreciation. This is a rare chance to acquire a scale multifamily property in a supply-constrained coastal submarket with immediate upside potential. Opportunities of this size and proximity to the beach are seldom available—this is one you do not want to miss....
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Home facts
- Listing ID #:260010914
- Added:172 day(s) ago
- Updated:October 26, 2026 at 08:49 AM
Rooms and interior
- Bedrooms:144
- Total bathrooms:24
- Full bathrooms:12
- Half bathrooms:12
- Living area:8,760 sq. ft.
Heating and cooling
- Heating:Wall
Structure and exterior
- Roof:Composition
- Building area:8,760 sq. ft.
Finances and disclosures
- Price:$3,495,000
- Price per sq. ft.:$398.97
Features and amenities
- Laundry features:Owned
Parking
- Total parking spaces:18
- Parking description:Spaces
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