Basswood Beach Homes

786 Basswood Avenue | Imperial Beach | CA | 91932


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Confidentiality Agreement

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Property Highlights

    • 8 fully renovated two-bedroom, one-bath units
    • Half a block from the Bayshore Bikeway, providing direct access to Coronado and Downtown San Diego
    • In-unit washers and dryers for tenant convenience
    • Desirable north Imperial Beach location on a quiet residential street
    • Strong renter demand from the nearby Navy Base
    • Walking distance to CVS, Grocery Outlet, Starbucks, Dollar Tree, and other retail and dining options
    • Fully renovated unit interiors featuring high-end finishes and thoughtful design
    • Over $450,000 invested in renovations and capital expenditures
    • Low-maintenance landscaping for reduced upkeep costs
    • Rapidly improving submarket with new commercial projects and business openings
    • Turn-key property with recent upgrades to major building systems
    • 3.96% assumable Chase loan, fixed until November 2026

Property Details

  • Price: $ 3,400,000
  • Price Per Unit: $ 425,000.00
  • Units: 8
  • Transaction Type: For Sale
  • Property Type: Multi-Family
  • Building Size: 6,360 SF
  • Lot Size: .2 AC
  • Cap Rate: 5.03%
  • Availability: Sold

Property Description

Basswood Homes is 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 Homes 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.

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3D Tour



Financial Summary

Investment Highlights

Price $3,400,000.00
Price / Unit $425,000.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $3,400,000.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

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