FLORIDA PALMS

1166 IMPERIAL BEACH BLVD, IMPERIAL BEACH, CA 91932

Whitewater Commercial Real Estate presents a rare opportunity to acquire a unique asset located in the vibrant community of Imperial Beach, CA.

Built in 1993, 1166-68 Imperial Beach Blvd is a classic 3-on-1 investment property situated on a single lot in Imperial Beach. The property features an attractive unit mix consisting of (3) fully detached 3-bedroom/2.5-bathroom homes, each equipped with a full-size double car garage with parking in front.

Each home offers a functional two-story layout, with the kitchen, living room, half bathroom, and full two-car garage located on the main level, and all three bedrooms upstairs — including a primary suite with an attached bathroom, plus two additional bedrooms sharing a full bathroom. Residents also enjoy in-unit laundry, a private backyard, and a dedicated patio area for every home.

The property is offered in largely original condition, presenting investors with a compelling value-add opportunity. Some of the three homes have already been updated with newer kitchen appliances, including refrigerators and ranges, and the classic 3-on-1 configuration offers meaningful upside through further interior renovation.

PROPERTY DETAILS

Purchase Price - $1,600,000

4,464

03

SQ. FT.

UNITS

4.37%

10,962

CAP RATE

LOT SIZE

Imperial Beach

Value Add

LOCATION

ASSET TYPE

PROPERTY HIGHLIGHTS

01 / Classic 3-on-1 Property

Rare 3-on-1 Investment Opportunity in Imperial Beach, Consisting of Three Detached Homes, Each with Full-Size Double Car Garage & Parking in Front

02 / Coastal Location

Roughly 1.5 Miles to the Beach and Imperial Beach Pier & Bayshore Bikeway, along the Imperial Beach Boulevard Retail Corridor

03 / Significant Rental Upside

Value-Add play or Owner-Occupy Option, Large Homes built in the 90s, light renovation can bring rates to market and nearly double rents and increase income.