1221 Florida Street Imperial Beach, CA $ 1,525,000
1221 Florida Street
$ 1,525,000
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1221 Florida Street

Imperial Beach, CA, 91932
$ 1,525,000
Baths1.0 Sq 2,574

Monthly Estimate*

$ 9,629

Listed by EXP REALTY OF CALIFORNIA INC
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Studio

Multi-Family Home for sale in Imperial Beach, CA

for $1,525,000 with 1 full bath. This 2,574 square foot home was built in 1970 on a lot size of 0.22.

Excellent investment opportunity in Imperial Beach! This triplex offers strong income potential with significant upside for an investor looking to increase rents and potentially add additional units. Current rents are below market, providing an opportunity to improve future cash flow, while the expansive yard may offer potential for additional units or ADU development, subject to City approval and applicable zoning requirements. The property consists of three individual units, each featuring a functional floor plan with a living room, dining area, kitchen, two bedrooms, and one bathroom. Each unit also includes its own private storage space. Parking is abundant, with each unit having two designated off-street parking spaces conveniently accessible from the rear alley. Ideally located near Oneonta Elementary School, the Imperial Beach Pier, beaches, shopping, dining, and convenient access to Interstate 5. Whether you're looking to expand your investment portfolio, improve existing rents, or explore future development opportunities, this property offers tremendous potential in a highly desirable Southern California coastal community. A must-see opportunity!

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Multi-Family Active

Price

$ 1,525,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.22

Year Built

1970

Town/City

Imperial Beach

County/Region

San Diego

MLS | Web ID

CV26171205

Days on Market

30

Features
General
Sewer Public Sewer
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Utilities Cable Available Electricity Connected Natural Gas Connected Phone Available Sewer Connected Water Connected
Possession Close Of Escrow
Roof Asphalt Composition Shingle
Appliances Dishwasher Disposal Gas Oven Gas Range Water Heater
Zoning R3000
HOA Fee 0
Garage Spaces 0
Architectural Style Bungalow
Pool Features None
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Drywall Frame Glass Concrete Stucco
Exclusions Personal Property
Year Built 1970
Electric Electricity - On Bond Standard
Tenant Pays Electricity Gas
View Neighborhood
Stories Count 1
Levels One
Property Subtype Triplex
Gross Income 0
Community Features Curbs Gutter(s) Street Lights Suburban Sidewalks
Accessibility None
County San Diego
Net Operating Income 86817
Operating Expense 14073
Insurance Expense 1225
New Construction false
Property Type Residential Income
HOA false
Contingency No contingecies
MaintenanceExpense 0
Subdivision Name Imperial Beach
Garage Y/N false
Other Structures Shed(s)
Special Listing Conditions Standard Trust
Status Active
Directions From Imperial Beach Blvd turn south on Florida St.
City Imperial Beach
Disclosures Rent Control
Entry Location 1
Senior Community Y/N false
Open Parking Spaces 6
Number Of Units Total 3
MLS Area 91932 - Imperial Beach
Lot Size Units Square Feet
Lot Size Square Feet 9583
Carport Spaces 0
Number of Units Leased 2
Listing Terms Cash Conventional Cal Vet Loan 1031 Exchange FHA Fannie Mae Freddie Mac Submit VA Loan
Spa Features None
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Trash Expense 278
Water Sewer Expense 278
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 6-8
Total Actual Rent 3600
Property Sub Type Additional Triplex
Taxes 9600
Cap Rate 5.7
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Interior
Interior Amenities Built-in Features
Flooring Carpet Vinyl
Fireplace Features None
Total Stories 1
Common Walls No Common Walls
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds Screens
Fireplace Y/N false
Laundry Features Washer Hookup Gas Dryer Hookup In Kitchen
Entry Level 1
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Exterior
Exterior Amenities Lighting
Fencing Chain Link Wood
Parking Features Assigned Concrete Driveway
Lot Features Front Yard Sprinklers In Front Rectangular Lot Sprinklers Timer
Water Source Public
Total Parking 6
Lot Size Area 9583
Foundation Details Slab
Number of Buildings 3
Spa false
Building Area Total 2574
Lot Size Acres 0.22
Road Surface Type Paved
Private Pool false
Lot Size Source Assessor
Pool Charge 0
Number of Separate Water Meters 1
Number of Separate Gas Meters 3
Number of Separate Electric Meters 3
Road Frontage Type Alley City Street
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* Excluded Features
List By
Exp Realty Of California Inc

Broker

don@mowerygroup.com

Email

Affordability Calculator

$9,629
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Monthly Principal & Interest
$9,629
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/7/2026$1,525,000 Listed Price

Map


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1221 Florida Street, Imperial Beach, CA, 91932 is a Multi-Family Home for sale at $1,525,000 with 2,574 sqft and a lot size of 0.22. 1221 Florida Street is a studio with 1.0 baths and was built in 1970. The property's zip code is 91932 which is in Imperial Beach, CA