Seacoast Condominiums

Offered for sale is a 19 unit condominium project within a short walk to the Pacific Ocean. The project consists of large 2-bedroom, 2 bathroom units that make an ideal resale condominium product. Each unit includes a fireplace, private front and rear balcony, ample parking, full size washer and dryer hook-ups, forced air heating, and fully amenitized kitchens. Seacoast Condominiums offer residents a fun beach community location that is easily walkable and bikeable. Dining, beach activities, shops and local parks are just outside the door. Immediately across Second Street is Reama Park with a children’s playground along with picnic tables and activity areas. Just over a block West is Portwood Pier Plaza (Imperial Beach ocean front park) which includes a community area, local stores, lifeguard station and the Imperial Beach Pier. The community continues to attract new restaurants and shops along with the recently completed Pier South Resort. Currently, the property is operated as a monthly multifamily rental property. The property is full and performing well. The current rental rates are low for the market. With some upgrades the cash flow can be increased. Additionally, each unit includes its own city water meter. Therefore, tenants pay their own water use directly to the utility company. Further, each unit includes two parking spaces. Finally, the property offers ocean views from many areas. The 3rd floor Westerly unit (unit 165) has spectacular views of the ocean and beach. All third floor units can see the ocean from the front walkway and some of units can see the ocean from the rear balcony. Second floor units have some peek views. Finally, there is a fourth floor balcony area available to all residents offering spectacular views. Please drive by the property discreetly without disturbing the tenants or management. Property showings are to be schedule through the listing agents only.