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911 Seacoast Drive, Imperial Beach, California 91932, Imperial Beach, 91932 - bed, bath

911 Seacoast Drive, Imperial Beach, California 91932 home-pic-0
ACTIVE$2,500,000$4,000/sqft
911 Seacoast Drive, Imperial Beach, California 91932
0Bed
0Bath
4,000Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Premier Coastal Location: Situated in the heart of Imperial Beach, just steps from the iconic pier on Seacoast Drive, offering high visibility and desirability for various ventures.
Top Cons:
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 4757, living area = 4000.

Compared to the nearby listings

Price:$2.50M vs avg $850.0K (+$1,650,000)98%
Size:4,000 sqft vs avg 1,446.5 sqft98%
Price/sqft:$625 vs avg $61750%

More Insights

Built in 1910 (116 years old).
Condition: The property, built in 1910, is explicitly marketed as 'Value in Land,' with the existing 'shell shop' and 'weathered shed' described as 'obsolete existing structures' and 'likely tear-downs' in the property analysis. The images show an old commercial building exterior, with no indication of a habitable residential interior. The value is clearly based on the land's redevelopment potential, not the existing structures.
Year Built
1910
Close
-
List price
$2.5M
Original List price
$2.5M
Price/Sqft
$625
HOA
-
Days on market
-
Sold On
-
MLS number
2601165SD
Home ConditionTear down
Features
Excellent View:
View-

About this home

Value in Land: This is a fantastic opportunity for buyers or investors to acquire a prime lot in the heart of Imperial Beach, located just steps from the iconic pier on Seacoast Drive. The land is perfectly situated for a variety of uses, including restaurants, condos, small businesses, and more. Zoned as "C/MU-2" 1 unit per 1200 SqFt of lot. Currently, the property includes a shell shop that is closing with this sale. While all inventory will be removed, the building itself will remain. Additionally, there is a small weathered shed and antenna on-site, which is currently under an active lease Verizon contract. The lease provides a steady monthly income of $2,800 and runs through May 31st, 2029. The buyer must continue the lease. This is an incredible chance to develop in one of the most desirable locations in Imperial Beach. Don't miss out on this rare opportunity! Buyer & Buyers agent to verify all property characteristics; MLS information deemed to be reliable, but not guaranteed.

J
Jamie Hopkins
Listing Agent
Condition Rating
Tear down
The property, built in 1910, is explicitly marketed as 'Value in Land,' with the existing 'shell shop' and 'weathered shed' described as 'obsolete existing structures' and 'likely tear-downs' in the property analysis. The images show an old commercial building exterior, with no indication of a habitable residential interior. The value is clearly based on the land's redevelopment potential, not the existing structures.
Pros & Cons

Pros

Premier Coastal Location: Situated in the heart of Imperial Beach, just steps from the iconic pier on Seacoast Drive, offering high visibility and desirability for various ventures.
Significant Development Potential: Zoned 'C/MU-2' (1 unit per 1200 SqFt), this prime lot is perfectly suited for diverse mixed-use development, including condos, restaurants, and small businesses.
Guaranteed Passive Income: An active Verizon lease provides a steady monthly income of $2,800, running through May 31st, 2029, which can help offset holding costs during development.
High Land Value Focus: Explicitly marketed as 'Value in Land,' this property appeals directly to investors and developers seeking a prime site for ground-up construction in a desirable area.
Rare Investment Opportunity: Described as an 'incredible chance to develop' and a 'rare opportunity,' indicating scarcity of such well-located development sites in Imperial Beach.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 4757, living area = 4000.
Obsolete Existing Structures: The 1910-built 'shell shop' and 'weathered shed' are likely tear-downs, requiring significant demolition costs and time before new development can begin.
Mandatory Lease Restriction: The buyer is obligated to continue the Verizon lease until May 2029, which may restrict immediate full-scale development of the entire parcel.
Conflicting Property Classification: Despite 'C/MU-2' zoning for mixed-use, the property is listed as 'Residential' and 'Single Family Residence,' which could cause confusion or financing hurdles.
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