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Rare opportunity to own a high income producing investment property with strong cap rate potential. The property consists of two legal units and one additional unit with unknown permit status, for a total of three units.The front unit is a 2 bedroom 1 bathroom approximately 600 square feet. The main unit is a 2 bedroom 2 bathroom approximately 700 square feet and has just been fully remodeled. It is currently vacant and ready for a new tenant at market rent. The rear unit is a 1 bedroom 1 bathroom approximately 300 square feet with permit status unknown.Two units are currently occupied, providing immediate rental income, while the vacant unit offers upside potential for increased cash flow.Zoning allows for up to four units. The seller has already worked with an architect to prepare plans for future expansion, which are available for review.This is an excellent opportunity for investors looking for strong current income with additional development upside.
Property Type(s):
Residential Income
| Last Updated | 3/25/2026 | Tract | Imperial Beach |
|---|---|---|---|
| Year Built | 1943 | Community | 92154 - Otay Mesa |
| County | San Diego |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| AREA | 92154 - Otay Mesa |
| HEAT | Natural Gas |
| LOT | 8276 sq ft |
| LOT DIMENSIONS | 8278 |
| POOL DESCRIPTION | None |
| STORIES | 1 |
| SUBDIVISION | Imperial Beach |
| VIEW | Yes |
| VIEW DESCRIPTION | None |
Location
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Listed with Bluxen, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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