1268-70 Georgia St - Multi-Family FOR SALE


Imperial Beach, CA 91932
$995,000 USD
619-776-2681
1268-70 Georgia St, Imperial Beach, CA for Sale
$995,000 USD
Multi-Family - FOR SALE
1/31
null | 5.2% Cap Rate

1268-70 Georgia St
Imperial Beach, CA 91932


HIGHLIGHTS

  • 2 Houses, 1 Lot
  • Dual Living Potential: Each unit has separate street entrances, separate utilities and is divided by a privacy fence, offering complete independence
  • Military-Friendly Location: Just minutes from Naval Base Coronado and other nearby installations, this property is perfect for military buyers
  • ADU Potential: Senate Bill No. 1211, which went into effect on January 1, 2025, increases development potential and rental income opportunities
  • Condo Conversion: Record a condominium map and sell-off each house individually for maximum for re-sale potential

OVERVIEW

This well-maintained 2-on-1 property in Imperial Beach is ideal for first-time buyers, investors, and military families. It features two houses: a comfortable 2-bedroom + den, 1-bath front house and a spacious a 3- bedroom, 2-bath back house with a 2-car garage, offering strong rental income potential. Each house has separate entrances, utilities, and a privacy fence, ensuring independent living. The location is military friendly, just minutes from Naval Base Coronado, making it perfect for VA buyers. The back house’s garage could be converted into an ADU for added rental income. For investors, a condominium conversion strategy allows for selling each house separately, maximizing resale value (a recent and comparable condo conversion sale can be found at the adjacent property located at 1274 Georgia St. and 1276 Georgia St).

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$474 USD /SF

# OF UNITS

2

PRICE/UNIT

$497,500

CAP RATE

5.2%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2 on Georgia

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

633-101-16-00

ASK ABOUT THIS PROPERTY

Eric LoweStarker West, IncMore Info
619-776-2681

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Eric LoweStarker West, IncMore Info
619-776-2681

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.