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1268-70 Georgia St

Imperial Beach, CA 91932
  • $995,000
  • STATUS: ACTIVE
  • ON SITE: 9 Days
  • ID#: 250017800
UPDATED: 51 min ago
$995,000
  • 6
    BEDS
  • 0.16
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,100
    SQFT
  • $474
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1952
County:

School Ratings & Info

Description

This well-maintained 2-on-1 property in Imperial Beach is ideal for first-time buyers, investors, and military families. It features two houses: a comfortable 2-bedroom + den, 1-bath front house and a spacious a 3- bedroom, 2-bath back house with a 2-car garage, offering strong rental income potential. EACH HOUSE HAS SEPARATE ENTRANCES, UTILITIES, AND PRIVACY FENCE, ensuring independent living. The location is military friendly, just minutes from Naval Base Coronado, making it perfect for VA buyers. THE BACK HOUSE TWO CAR GARAGE CAN BE CONVERTED TO AN ADU. For investors, a condominium conversion strategy allows for selling each house separately, maximizing resale value (a recent and comparable condo conversion sale can be found at the adjacent property located at 1274 Georgia St. and 1276 Georgia St).

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.sandiegoareahomesforsale.co/homes/159930071
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1268-70 Georgia St Imperial Beach, CA 91932

  • Price: $995,000
  • Status: ACTIVE
  • On Site: 9 Days
  • Updated: 51 min ago
  • ID#: 250017800
6
Beds
3
Baths
0
½ Baths
0.16
Acres
2,100
SQFT
$474
$/SQFT
1952
Built
Neighborhood:
Imperial Beach
County:
San Diego
Area:
Imperial Beach (91932)
Property Description
This well-maintained 2-on-1 property in Imperial Beach is ideal for first-time buyers, investors, and military families. It features two houses: a comfortable 2-bedroom + den, 1-bath front house and a spacious a 3- bedroom, 2-bath back house with a 2-car garage, offering strong rental income potential. EACH HOUSE HAS SEPARATE ENTRANCES, UTILITIES, AND PRIVACY FENCE, ensuring independent living. The location is military friendly, just minutes from Naval Base Coronado, making it perfect for VA buyers. THE BACK HOUSE TWO CAR GARAGE CAN BE CONVERTED TO AN ADU. For investors, a condominium conversion strategy allows for selling each house separately, maximizing resale value (a recent and comparable condo conversion sale can be found at the adjacent property located at 1274 Georgia St. and 1276 Georgia St).
Exterior Features

Exterior Stucco Fencing FullGate Irrigation AutomaticDrip Roof Composition Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 1 Units With Patios 2

Interior Features

Cooling Zoned Area(s) Furnished Units 1 Half Baths Unit1 0 Half Baths Unit2 0 Heat Equipment Zoned Areas Heat Source ElectricNatural Gas Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 2 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Units With Cooling 2 Units With Dishwashers 1 Units With Dryers 2 Units With Fireplaces 0 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 2

Property Features

Actual Cap Rate 5.2 Age Restrictions N/K Annual Expense Actual 15244 Annual Expense Projected 15244 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Community IMPERIAL BEACH Complex Park Imperial Beach Cross Streets Georgia Street and Grove Ave. Gross Rent Multiplier Actual 14.4 Gross Rent Multiplier Project 13.0 Gross Scheduled Income Actual 69000 Gross Scheduled Income Project 76800 Mandatory Remarks None Known Market Area South Bay Monthly Total Fees 0 Net Operating Income Projected 59253 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 6.0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays ElectricityGas/Propane Terms CashConventionalFHAVA Unit Number For Unit1 1268 Unit Number For Unit2 1270 Unit1 Deposit 0 Unit1 Occupied Vacant Unit1 Projected Rent 2500.0 Unit1 Rent Actual 2500.0 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Projected Rent 3500.0 Unit2 Rent Actual 3250.0

San Diego MLS logo Listing provided courtesy of Eric Lowe of Starker West, Inc.: 619-776-2681. Listing information © 2025 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
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Steven G. Fraioli & Associates
13176 Midbluff Ave
San Diego CA, 92128