1150 11th St - Apartments FOR SALE


Imperial Beach, CA 91932
$2,725,000 USD
858-876-5701
1150 11th St, Imperial Beach, CA for Sale
$2,725,000 USD
Apartments - FOR SALE
1/53
null | 4.87% Cap Rate

1150 11th St
Imperial Beach, CA 91932


HIGHLIGHTS

  • Rare Unit Mix: Spacious 2- and 3-bedroom townhouse layouts with garages—scarce amid San Diego’s studio and 1BR-heavy development trend. (Av. 1,109 SF)
  • Strong Upside: Light cosmetic upgrades can elevate income potential, with GSI projected at $247,080 (a 23.9% lift)
  • Future Potential: 16,230 SF lot with 9 garages totaling 2,508 SF offers prime ADU conversion opportunity in a rapidly improving coastal market

OVERVIEW

Welcome to your next investment in San Diego’s last affordable beach town! This property offers the chance to enter a revitalizing coastal market positioned for strong appreciation and income growth. Built in 1979, it features an ideal mix of (2) 3BR/2BA townhomes (1,088 + 1,508 SF) with attached garages, (2) 2BR/1.5BA townhomes (1,120 SF), and (2) 2BR/1BA apartments (910 SF) situated above (7) garages, totaling 2,508 SF of garage space + laundry facility on a 16,230 SF lot. Each unit offers outdoor living space and family-friendly layouts — increasingly rare in a county where over 60% of new construction consists of studios and 1BRs, fueling demand for spacious 2- and 3-bedroom homes. Current GSI is $194,328, with light cosmetic upgrades projected to raise income to $247,080, creating immediate upside in both cash flow and equity. The (9) garages present additional ADU conversion potential, adding long-term value. Ongoing infrastructure improvements are enhancing livability and driving new investment in Imperial Beach. Combined with its walkable coastal lifestyle and surf-town charm, the area continues to attract long-term tenants. With limited 2- and 3-bedroom inventory near the coast, now is the time to secure a rare coastal investment before values climb.

FOR SALE DETAILS

PRICE

$2,725,000 USD

PRICE/SF

$409 USD /SF

# OF UNITS

6

PRICE/UNIT

$454,167

CAP RATE

4.87%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2003

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,270 SF

ZONING

RHD, Imperial Beach

APN/PARCEL ID

632-130-36

ASK ABOUT THIS PROPERTY

Christina LabowiczACI ApartmentsMore Info
858-876-5701

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Christina LabowiczACI ApartmentsMore Info
858-876-5701

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