Investment Overview

*Seller Financing Available - 50% LTV, 4.5% rate and 4 year term. All Furniture Conveys With Sale* Marcus & Millichap is pleased to present for sale a 5-unit beach front apartment complex in Imperial Beach. Resting on a 4,800 SF lot, this property offers 3,480 of rentable SF. Costa Del Mar Apartments located at 1398 Seacoast Dr is comprised of (one) two-bedroom/two-bathroom unit that features a den, (one) two-bedroom/two-bathroom house directly facing the ocean, (two) one-bedroom/one-bathroom units, and (one) non-conforming studio unit. Each unit has been thoughtfully designed with high end finishes and furnishings. The apartments come equipped with desirable amenities such as split unit air conditioning systems, laundry facilities, off-street parking, and oversized storage spaces. The exterior has been remodeled with upgraded electrical and plumbing, new windows, and new paint. Tenants enjoy direct beach access while being in walkable proximity to all the bars, shops, and restaurants located on Seacoast Drive. Imperial Beach is on the rise with several mixed-use development projects in the works. Recent projects include the $1 Billion Silver Strand Navy SEAL Training Complex Renovation, the $7 million Imperial Beach Boulevard Enhancement, and the highly anticipated 1600-room Gaylord Hotel Tower & Convention Center that will serve as the premiere anchor to San Diego’s South Bay. With the overwhelming increase in demand for rental housing in San Diego, Imperial Beach is emerging as one of the city’s most sought-after rental markets with its coastal location and qualified residents. This asset is the ideal investment vehicle for investors looking for passive income and security for generations to come.