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739-747 Florida St , Imperial Beach, CA 91932
$3,495,000
Est. Payment: $17,648.72/mo
144 Bed
18 Bath
8760 Sqft
Status: pending | Days on site: 79
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Chris Heller
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House Description

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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Highlights

Listed by Josh Browar , 858-414-4398 The Browar Group , 858-414-4398. San Diego County Multiple Listing Service mls logo

Property Type

Multi-Family

County

San Diego

Area

South Bay

Listing ID

260010914

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:144
  • ▪ Bathrooms:18
  • ▪ Full Bathrooms:12
  • ▪ 1/2 Bathrooms:12
Floor:Other/Remarks

Exterior Features

Garage Capacity:18
Roof:Composition
Parking Features:Spaces
Principal Interest
$17,649
Taxes
$2,228

Home Price

$3,495,000

Loan Details

30 yrs
6.487%

Down Payment

20%
$699,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$17,648.72

Principal

Taxes

Principal Taxes HOA Total
Monthly $17,648.72 $2,228.06 $0.00 $19,876.79
Yearly $211,784.69 $26,736.75 $0.00 $238,521.44
Total $6,353,540.79 $802,102.50 $0.00 $7,155,643.29

Today's Rates

30 Year

6.49%

20 Year

6.28%

15 Year

5.8%

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Market insight data is pulled from the same city as the listing being viewed (Imperial Beach, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

The data relating to real estate for sale on this web site comes in part from the San Diego MLS, Inc.. Real estate listings held by brokerage firms other than Heller Real Estate Group | eXp Realty of Southern California | PLACE are marked with the IDX logo. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

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Data last updated: 2026-08-10T20:38:14.000Z

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