1150-76 11th St

Welcome to your next investment in San Diego’s last affordable beach town! This property offers the chance to enter a revitalizing coastal market positioned for strong appreciation and income growth. Built in 2003 and 1979, it features an ideal mix of (2) 3BR/2BA townhomes (˜1,469 SF) with attached garages, (2) 2BR/1.5BA townhomes (˜1,009 SF), and (2) 2BR/1BA apartments situated above (7) garages + laundry facility on a 16,230 SF lot. Each unit offers outdoor living space and family-friendly layouts — increasingly rare in a county where over 60% of new construction consists of studios and 1BRs, fueling demand for spacious 2- and 3-bedroom homes. Current GSI is $194,328, with light cosmetic upgrades projected to raise income to $247,080, creating immediate upside in both cash flow and equity. The (9) garages present additional ADU conversion potential, adding long-term value. Ongoing infrastructure improvements are enhancing livability and driving new investment in Imperial Beach. Combined with its walkable coastal lifestyle and surf-town charm, the area continues to attract long-term tenants. With limited 2- and 3-bedroom inventory near the coast, now is the time to secure a rare coastal investment before values climb.