Big Block Realty, Inc.
Listed by Big Block Realty, Inc.
$999,900
5XX and 5XX 11th St Condominiums
Details
APN 626-114-19-02
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,712
Units 2
Cap Rate 4.50%
Year Built 1991
Buildings 1
Multifamily | 4.50% CAP | 2 Units
Marketing description
Variance granted Property Class.PRICED TO SELL! Presenting a rare opportunity to own a beautifully upgraded duplex in the heart of Imperial Beach with strong in-place rental income and flexible living options. The property features a fully remodeled upstairs 2 bed / 2 bath residence spanning approximately 1,089 sq ft, currently leased to a long term tenant, along with a newer constructed and fully permitted 2 bed / 1 bath ADU completed in 2024 offering approximately 623 sq ft and generating an additional rental income. Whether you're looking to offset your mortgage by living in one unit and renting the other, create the perfect multigenerational setup, or add a turnkey cash-flowing asset to your portfolio, this property checks all the boxes. Thoughtfully improved and move-in ready, both units offer modern finishes, private living spaces, and excellent functionality. Located just minutes from the beach, local dining, shopping, and major commuter routes, this is an exceptional opportunity to invest in one of San Diego’s fastest-growing coastal communities.
Listing Contacts
Big Block Realty, Inc.
Listed by Big Block Realty, Inc.
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