651 55 Seacoast Dr Imperial Beach, CA $ 1,225,000
651 55 Seacoast Dr
$ 1,225,000
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651 55 Seacoast Dr

Imperial Beach, CA, 91932
$ 1,225,000
Bedrooms-- Baths1.0

Monthly Estimate*

$ 8,461

Listed by Jared Wallach, Marcus & Millichap, jared.wallach@marcusmillichap.com
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Multi-Family Home for sale in Imperial Beach, CA

for $1,225,000 with 1 full bath. This home was built in 1950.

MUST BE SOLD WITH THE IDENTICAL ADJACENT PROPERTY 645-649 SEACOAST DR. Each Property is Listed for $1,225,000 for a Total List Price of $2,450,000. Pleased to present 645–655 Seacoast Drive, a six unit coastal investment one block from the sand in Imperial Beach, California. The offering consists of 4 single-story buildings on two separate legal parcels — approximately 2,720 rentable square feet on a combined 8,277-square-foot site. The parcels must be sold together. Every unit is a one-bedroom, one-bath home of roughly 450 square feet. The property is 100% occupied, four of the six units have been partially renovated, and the roofs were replaced in September 2026 — taking one of the largest near-term capital items off an incoming owner’s list. Scheduled rents average $1,862 per unit against an estimated market rent of $2,500, roughly 34% upside as units turn over. Because each parcel holds three units, a buyer can finance each with residential one-to-four-unit loan programs rather than commercial multifamily debt.

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Multi-Family Active

Price

$ 1,225,000

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Year Built

1950

Town/City

Imperial Beach

County/Region

San Diego

MLS | Web ID

260025960SD

Days on Market

1

Features
General
Cooling None
HOA Fee 0
Year Built 1950
Tenant Pays Electricity Gas Sewer Water
Stories Count 1
Levels One
County San Diego
Net Operating Income 37567
Property Type Residential Income
Subdivision Name Imperial Beach
Status Active
Directions CrossStreet: Calla Ave
City Imperial Beach
Senior Community Y/N false
Number Of Units Total 3
MLS Area 91932 - Imperial Beach
Listing Terms Conventional
Virtual Tour https://www.propertypanorama.com/instaview/snd/260025960
Standard Status Active
Cap Rate 3.07
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Interior
Total Stories 1
Air Conditioning Y/N false
Heating Y/N true
Total Baths 0
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Exterior
Total Parking 0
Park Name Imperial Beach
Number of Buildings 2
Spa false
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* Excluded Features
List By
Jared Wallach

Listing Agent

Marcus & Millichap

Broker

jared.wallach@marcusmillichap.com

Email

Affordability Calculator

$8,461
Per Month
100%
0%
0%
Monthly Principal & Interest
$8,461
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
10/30/2026$1,225,000 Listed Price

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651 55 Seacoast Dr, Imperial Beach, CA, 91932 is a Multi-Family Home for sale at $1,225,000. 651 55 Seacoast Dr has 1.0 baths and was built in 1950. The property's zip code is 91932 which is in Imperial Beach, CA