Browse All Imperial Beach CA Between $3 Million - $4 Million Properties for Sale

144 Beds ⋅ 24 Baths ⋅ 260010914 MLS ⋅ PENDING Status

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.

739-747 Florida St, Imperial Beach

$3,200,000

6 Beds ⋅ 4 Baths ⋅ 250034130 MLS ⋅ CLOSED Status

For sale 789 Calla Avenue, a 12-unit residential community ideally located in the heart of Imperial Beach. An excellent investment opportunity, 789 Calla offers a new investor significant immediate rental upside. Built in 1973, the property features an ideal unit mix of spacious one-bedroom and two-bedroom floor plans, individually metered for gas and electric. The property also includes 6 carports, 11 open spaces, and a private laundry facility for the tenant’s convenience. Recent capital improvements include new electrical main and sub panels, roof (replaced June 2021), and passed SB 721/ E3 balcony inspection on August 7, 2024. The property enjoys proximity to employment, restaurants, entertainment, shopping, parks, schools, and the beach. As a result, the area attracts young professionals, families, retirees, and Naval personnel from the Navy Seal Training Center and Naval Outlying Landing Field, seeking a beach lifestyle with strong sense of community. All of which make Imperial Beach ideal for multifamily investment.

789 Calla Ave, Imperial Beach

$2,500,000

4 Beds ⋅ 3 Baths ⋅ SW24097848 MLS ⋅ CLOSED Status

Immerse Yourself in Unparalleled Luxury: Oceanfront Estate in Imperial Beach. Coastal living at its finest, this exquisite beachfront property presents a rare opportunity to own a slice of paradise. Unveil the Grandeur: Automatic gates usher you into a captivating scene - a decorative fountain sets the stage for timeless elegance. Step inside to a haven of expansive living. The gourmet kitchen, with granite countertops & a bay window, boasts a built-in gas cooktop, ovens, microwave, and a breakfast counter for casual mornings. A sun-drenched breakfast nook with courtyard views complements the culinary haven. A dedicated den, perfect for quiet reflection features French doors & built-in shelves for displaying treasured possessions.Embrace Panoramic Ocean Vistas:Ascend to the second level, where breathtaking ocean & beach views unfold through floor-to-ceiling windows. Glass doors seamlessly connect you to a sprawling deck, your private oasis. Host evenings under the stars with a built-in BBQ, fire pit, & an inviting spa. Luxurious Living Redefined:Retreat to the great room, accentuated by soaring two-story ceilings. Brand-new LVP flooring throughout the home offers a touch of modern elegance.The sophisticated dining area features a coffered ceiling to create ambiance. The fireplace & built-in open cabinetry make this area a focal point.The abundance of light streaming in gives a sense of energy to the room. A Haven of Tranquility:Four spacious bedrooms provide a sanctuary for rest and relaxation. The Primary Bedroom with Retreat & fireplace is simply beautiful. Step out onto

1404 Seacoast Dr, Imperial Beach

$3,015,000

7 Beds ⋅ 6 Baths ⋅ 240001582 MLS ⋅ CLOSED Status ⋅ 1398 Seacoast BLDG.

5 fully remodeled units, some with direct ocean/beach views to West and Estuary views to East, all with direct beach access. 40' of oceanfront. All new kitchens and bathrooms with new wood floors and bathroom tile. New split systems for heat/AC (dual zone in Units A&B). 2 large, lockable storage spaces can be rented separately. Unit A sits right on beach with large, private patio and full ocean views from family room and upstairs master bedroom. Units B & C also have direct ocean views. Tenants enjoy private, elevated sand beach area. Oversized under building owner's storage area with additional washer/dryer. Units have been popular with DOD and Traveling Nurse tenants due to beach location and proximity to South Bay Naval & Medical facilities.

1398 Seacoast Dr, Imperial Beach

$3,400,000

250026145 MLS ⋅ CLOSED Status

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.

786 Basswood Ave, Imperial Beach

$3,600,000

2 Beds ⋅ 1 Baths ⋅ 250024667 MLS ⋅ CLOSED Status

Offered for sale is a ten-unit residential income property located in the coastal community of Imperial Beach. This opportunity offers a desirable coastal location, preferred unit mix of all two-bedroom units, upgraded property, rent increase potential, recorded condo map, and attractive assumable financing. Residents enjoy convenient access to the beach, restaurants, shopping and local amenities. The neighborhood is a fun bikeable community with flat surface streets, beach vibes and the Bayshore Bike path that circles San Diego Bay. Imperial Beach is known for surfing and volleyball with a casual beach scene and year-round mild weather. Further, Imperial Beach has enjoyed rapid rent and value appreciation due to the military impact on this submarket. The Navy Seal training center at Silver Strand has expanded, bringing more employment and housing demand in addition to the Naval Outlying Landing Field Imperial Beach and other naval facilities in the submarket. The property offers an easy to maintain income property with many upgrades. The property has vinyl windows, six panel exterior doors, modern texture walls, washer/dryers in unit, individual water heaters, vinyl plank floors, upgraded appliances, granite countertops, 10 parking spaces, and ample off-street parking. The property has a recorded condo map and has increased value sold as condominiums. Finally, there is an existing assumable loan on the property at 3.06% fixed until November of 2026 with monthly interest only payments. Please drive by the property discreetly without disturbing the tenants or management.

481 Palm Ave, Imperial Beach

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Between $3 Million - $4 Million Imperial Beach Real Estate

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