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911 Seacoast Drive

Ctop 80%

Imperial Beach, CA 91932

$2,000,000

STR: check · Imperial Beach: confirm the zone · TOT 14%

Pass at asking: -$10,408/mo full cashflow at 20% down, 7.43% rate.

Works at $644,850 (68% under asking), or at 95% down.

Rent $6,432/mo from 14 leases of houses within 1 mi, same school area, size-adjusted ($6,203–$7,585).

Beds

—

Baths

—

Sqft

4,000

Year Built

1910

Days on Market

299

Property Type

Single Family

HOA/mo

N/A

MLS ID

2601165SD

This property is in Imperial Beach (91932). Browse neighborhood analytics →

Virtual Tour

About This Property

Value in Land: This is a fantastic opportunity for buyers or investors to acquire a prime lot in the heart of Imperial Beach, located just steps from the iconic pier on Seacoast Drive. The land is perfectly situated for a variety of uses, including restaurants, condos, small businesses, and more. Zoned as "C/MU-2" 1 unit per 1200 SqFt of lot. Currently, the property includes a shell shop that is closing with this sale. While all inventory will be removed, the building itself will remain. Additionally, there is a small weathered shed and antenna on-site, which is currently under an active lease Verizon contract. The lease provides a steady monthly income of $2,800 and runs through May 31st, 2029. The buyer must continue the lease. This is an incredible chance to develop in one of the most desirable locations in Imperial Beach. Don't miss out on this rare opportunity! Buyer & Buyers agent to verify all property characteristics; MLS information deemed to be reliable, but not guaranteed.

Mortgage Calculator

Est. Monthly Payment

$13,694

Principal & Interest$11,111

Property Tax$2,000

Insurance$583

Down Payment

%($400,000)

Interest Rate

Loan Term

Location

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Zoned Schools

Elementary
Imperial Beach Charter · grades K-8 · South Bay Union
Middle
Mar Vista Academy · grades 7-8 · Sweetwater Union High
High
Mar Vista Senior High · grades 9-12 · Sweetwater Union High

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Comparable Properties

5 comps found

This Property

$6,432

Comp Average

$4,558

1251 Cypress Avenue

4bd / 3.5ba · 2,030 sqft · Single Family

$1.25M

Est. $4,501/mo

466 Calla Ave

4bd / 2ba · 2,000 sqft · Single Family

$1.25M

Est. $4,442/mo

413 Delaware St

3bd / 2.5ba · 1,945 sqft · Single Family

$1.30M

Est. $4,335/mo

140 Imperial Beach Blvd

3bd / 3ba · 1,778 sqft · Single Family

$1.58M

Est. $4,563/mo

622 Ocean Lane

3bd / 3ba · 1,985 sqft · Single Family

$2.90M

Est. $4,951/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

Est. Monthly Rent

$6,432

14 leases of houses within 1 mi, same school area, size-adjusted · $6,203–$7,585

Monthly Cashflow

Rent − PITIA

-$7,262

Full Cashflow

Incl. vacancy, PM, maint, capex

-$10,408

What would make this work?

$10,408/mo short at 20% down; 95% down or +$13,517/mo rent closes it.

Break-even price: $644,850
Break-even rent: $19,949/mo
Cashflow at 35% down: −$8,325/mo
Down payment to break even: 95%
Rate to break even: Not reachable

Mortgage (P+I)

$11,111

Cap Rate

0.61%

Cash-on-Cash

-31.22%

DSCR

Need ≥ 1.25 for DSCR loan

0.47

NOI (Annual)

$12,295

Price-to-Rent

Lower = better for investors

25.9

* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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CCashflow−$10,408/mo