786 Basswood Ave - Apartments FOR SALE


Imperial Beach, CA 91932
$3,550,000 USD
760-230-8015
786 Basswood Ave, Imperial Beach, CA for Sale
$3,550,000 USD
Apartments - FOR SALE
1/12
null | 4.82% Cap Rate

786 Basswood Ave
Imperial Beach, CA 91932


HIGHLIGHTS

  • 3.96% assumable Chase loan, fixed until November 2026
  • Over $450,000 invested in renovations and capital expenditures
  • 8 fully renovated two-bedroom, one-bath units
  • Turnkey property with recent upgrades to major building systems
  • In-unit washers and dryers for tenant convenience
  • Half a block from the Bayshore Bikeway, providing direct access to Coronado and Downtown San Diego

OVERVIEW

Basswood Beach Apartments are ideally situated at the north end of Imperial Beach, offering direct access to the Silver Strand and Bayshore Bikeway with stunning views overlooking the San Diego National Wildlife Refuge. Nestled in a quiet, beach-town neighborhood with abundant street parking, the property provides a peaceful yet convenient coastal living experience. The community consists of two-bedroom, one-bath units, each featuring in-unit washers and dryers. Originally built in 1973, Basswood Beach Apartments underwent an extensive renovation in 2019, including fully upgraded interiors, a refreshed exterior, a new roof, and upgraded electrical panels. The turnkey units showcase high-end finishes, modern fixtures, and premium appliances, making this an exceptional investment opportunity for those seeking a low-maintenance, pride-of-ownership asset with strong cash flow potential. The prime location enhances walkability, with convenient retail options along Palm Avenue, less than half a mile away. Nearby businesses include Grocery Outlet, Starbucks, CVS, Dollar Tree, and Five Guys Burgers, among others. Additionally, the property is just minutes from Seacoast Drive, where residents can enjoy beachfront dining, lively bars, and the weekly farmers’ market.

FOR SALE DETAILS

PRICE

$3,550,000 USD

PRICE/SF

$558 USD /SF

# OF UNITS

8

PRICE/UNIT

$443,750

CAP RATE

4.82%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Basswood Beach Homes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

M

APN/PARCEL ID

626-022-12

ASK ABOUT THIS PROPERTY

Bill AndersonACRE Investment Real Estate ServicesMore Info
760-230-8015

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

Bill AndersonACRE Investment Real Estate ServicesMore Info
760-230-8015

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