
637 10th St Imperial Beach, CA 91932
Estimated payment $11,105/month
Highlights
- Corner Lot
- Partially Fenced Property
- 3-minute walk to Teeple Park
- Laundry Facilities
- West of 5 Freeway
About This Home
We are thrilled to present for sale the Six (6) Unit apartment property at 637 10th Street, in the Dolphin Bay area of Imperial Beach, within close proximity to the Bayshore Bikeway, and easy access to several neighborhood shopping centers and Silver Strand. There are: Four (4) spacious 1-bedroom/1-bathroom units; and Two (2) large 3-bedroom/2-bathroom units. Select units have private outdoor areas, and/or have been upgraded with vinyl plank flooring and updated kitchens and bathrooms. The property is on a corner lot and boasts eleven (11) surface off-street parking spaces, as well as a separate laundry room on-site. Pricing reflects a low $446/SF of rentable building area, suggesting good upside via continued modernization efforts, sufficient to justify upper end market rents for the immediate area. Built of wood frame construction upon a concrete on grade foundation, with flat roof and stucco exterior, apartments all have screen doors and aluminum frame windows. The apartment building is separately metered for electricity and master metered for gas. Inside, the units have ceiling fans/light fixtures, radiant heat, and standard appliance packages. An opportunity exists to modernize the apartments with higher quality finishes, fixtures and appliances, sufficient to justify upper end rents for the area, in line with upgraded units nearby. Owned by the same family for around 20 years, this is a rare opportunity with upside in the desirable northerly Dolphin Bay area of IB, near the Bayshore Bikeway and Silver Strand. Close proximity to the beach and its ever improving dining/brewery/retail scene is also a plus!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1978
Lot Details
- Partially Fenced Property
- Corner Lot
- Level Lot
Parking
- Alley Access
Home Design
- Rolled or Hot Mop Roof
- Stucco Exterior
Utilities
- Radiant Heating System
- Separate Water Meter
- Gas Water Heater
Additional Features
- 2-Story Property
- West of 5 Freeway
Community Details
- 6 Units
- Laundry Facilities
- Net Operating Income $83,740
Listing and Financial Details
- Assessor Parcel Number 626-222-27-00
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
07/25/2025 07/25/25 | Price Changed | $1,715,000 | -3.4% | $605 / Sq Ft |
06/19/2025 06/19/25 | For Sale | $1,775,000 | -- | $626 / Sq Ft |
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Source: San Diego MLS
MLS Number: 250031120

APN: 626-222-27-00
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