1139 Granger Street, Imperial Beach, CA

About this property

Top Gun CRE is pleased to exclusively offer for sale 1137-39 Granger Street, a two unit residential investment property located in Imperial Beach, California. The duplex consists of two oversized 2 bedroom / 1 bathroom units, each featuring a private yard and attached one car garage. The two garages share an adjoining wall, presenting potential for an accessory dwelling unit (ADU) conversion, which would allow an investor to add a third rentable unit to the property and significantly increase total income. The property has benefited from recent capital improvements including new exterior paint, windows, hot water heaters, asphalt driveway, and fencing. These upgrades reduce near term maintenance requirements and enhance curb appeal. Current rents sit approximately 42% below market, presenting a significant value add opportunity. An investor can renovate unit interiors upon turns and reposition rents to market levels, combined with the option to convert the garages into an ADU for additional rental income. 42% Rent Upside on Existing Units Current rents are approximately 42% below market. An investor can renovate interiors upon unit turns and reposition rents to achieve market rates, significantly increasing net operating income. ADU Conversion Potential Both one car garages share an adjoining wall, creating an ideal layout for conversion into an accessory dwelling unit. Adding a third rentable unit would increase total property income and enhance overall value. Recent Exterior Capital Improvements The property has received new exterior paint, windows, hot water heaters, asphalt driveway, and fencing, reducing near term capital expenditure requirements for the next owner. Oversized Unit Layouts Both units are large 2 bedroom / 1 bathroom floorplans, each with a private yard and attached one car garage, appealing to a broad tenant base and supporting premium rents upon renovation. Coastal Imperial Beach Location Situated in one of San Diego's most affordable coastal communities with strong rental demand driven by limited new supply and proximity to the beach, Coronado, and major employment centers.

Property highlights

Building size

1,896 SF

Lot size

6306 acres

Year built

1959

County

San Diego

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