Investment Overview

The Trujillo Group of Marcus & Millichap is pleased to present a rare oceanfront development opportunity in the Seacoast neighborhood of Imperial Beach, CA. This shovel ready site has approved plans and ready to issue permits to construct a contemporary mixed-use building with eight (8) condo grade townhome units and one (1) commercial space. 757 Seacoast Drive has a rare base zoning of C/MU-2 and is also located within the Seacoast Commercial Mixed-Use/Residential Overlay Zone. This zoning allows investors to operate each unit as a short- or long-term rental. The property features a desirable unit mix that includes (1) 3-Bedroom/2-Bathroom unit, (3) 3-Bedroom/2.5-Bathroom units, (2) 2-Bedroom/2.5-Bathroom units, and (2) 4-Bedroom/4.5-Bathroom units. There will also be a ground floor restaurant space that will overlook Seacoast Drive. In addition, all construction plans, permits and renderings will be conveyed with the sale. This is a unique opportunity to acquire a shovel ready mixed-use development deal in one of San Diego’s most popular coastal markets. With a close proximity to the beach, this property is steps away from local restaurants, shops, and bars. Imperial Beach continues to attract high quality and reliable tenants. Increasing market demand throughout the city will keep vacancy rates low and rent increases steadily. This property is well positioned with the investor’s longevity in mind.