$2,100,000

Estimated payment $13,438/month

Total Views 733
10 Beds
10 Baths
3,870 Sq Ft
$543 Price per Sq Ft

About This Home

5% DAY-ONE CAP RATE COASTAL 4-UNITS IN IMPERIAL BEACH | $12,550/MONTHLY INCOME. LEASES IN PLACE. TURN-KEY HOMES. 843-845 10th St. is a great investment opportunity in Imperial Beach, a mile from the ocean. This high-performing asset generates $12,550 / month in current rents, offering investors a 5% cap rate. The property features a mix of (2) 3 bed /3.5 bath homes and (2) 2 bed/1 bath homes. All the units have yards, parking, laundry, and meters. Capital improvements include the remodeling of the front two units in 2022, and the back two units are new construction, each featuring a 2-car garage, solar panels, and tankless water heaters. Located in Dolphin Bay, a quiet neighborhood near shops, dining, and a mile from Seacoast Drive and the Pacific Ocean. The Gaylord Pacific and Convention Center is 5 miles away in Chula Vista. This investment is also near NAS North Island, NAB Coronado, and the Silver Strand Training Complex. This offering is perfect for those looking for a turn-key, income-producing investment in a high-demand rental market.

Listing Agent

Kaushal Patel

Seller's Corner Real Estate License #02048174 Listed on: 08/21/2025

Co-Listing Agent

Jorge Verdugo

Seller's Corner Real Estate License #01468384

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,949

Year Built

  • Built in 1955

Lot Details

  • 6,955 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Listing and Financial Details

  • Assessor Parcel Number 626-292-05-00

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Imperial Beach Community

Building Details

  • Net Operating Income $99,240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,949

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: Elm
  • Neighborhood: Dolphin Bay
  • Stories: 1 Story
  • Total Stories: 1
  • Year Built: 1955
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Cooling: Central Forced Air

Condo/Co-op/Association

  • Complex Name: Imperial Beach
  • Community: IMPERIAL BEACH

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Zoning: R-2:MINOR
  • Assessor Parcel Number: 626-292-05-00
  • Estimated Lot Sq Ft: 6955
  • Estimated Number of Acres: 0.16
  • Map Code Column: H
  • Map Code Page: 1329
  • Map Code Row: 7

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 99240
  • Annual Expense Actual: 51360
  • Gross Rent Multiplier Actual: 13.24
  • Gross Sched Income Actual: 150600
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 4
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Dryers: 4
  • Number Of Units With Garage: 4
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 4

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $23,949 $1,910,173 $1,273,449 $636,724
2024 $23,949 $1,872,720 $1,248,480 $624,240
2023 $23,901 $1,836,000 $1,224,000 $612,000
2022 $14,002 $626,423 $505,180 $121,243
2021 $8,349 $626,423 $505,180 $121,243
2020 $4,228 $259,533 $138,214 $121,319
2019 $4,921 $254,445 $135,504 $118,941
2018 $4,435 $249,457 $132,848 $116,609
2017 $4,497 $244,567 $130,244 $114,323
2016 $4,431 $239,773 $127,691 $112,082
2015 $4,243 $236,172 $125,773 $110,399
2014 $4,162 $231,547 $123,310 $108,237
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2025 08/21/25 For Sale $2,100,000 +238.7% $543 / Sq Ft
06/26/2020 06/26/20 Sold $620,000 -4.6% $424 / Sq Ft
04/15/2020 04/15/20 Pending -- -- --
03/09/2020 03/09/20 For Sale $650,000 -- $444 / Sq Ft
Source: San Diego MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed -- First American Title
Grant Deed -- First American Title
Grant Deed -- First American Title
Gift Deed -- First American Title
Grant Deed -- First American Title
Gift Deed -- First American Title
Quit Claim Deed -- Chicago Title
Grant Deed $620,000 Fidelity National Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Individual Deed $169,000 --
Deed $162,000 --
Deed $145,000 --
Deed $86,600 --
Deed $66,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $240,000 Credit Line Revolving
Closed $240,000 Credit Line Revolving
Previous Owner $1,290,000 New Conventional
Previous Owner $608,770 FHA
Source: Public Records

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Source: San Diego MLS

MLS Number: 250036919

San Diego MLS

APN: 626-292-05