- For Sale $950,000
- Property Type Multi-Family
- Property Size 1,896 SF
- Units 2
- Lot Size 6,306 Acre
- Year Built 1959
- Date Updated Nov 9, 2026
Description
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.
Highlights
- Coastal South Bay Location Imperial Beach is the southernmost beach city on the California coast, situated in San Diego's South Bay with approximately four miles of sandy shoreline. The city offers an affordable entry point into the San Diego coastal market compared to neighboring communities like C
- Connectivity to Coronado and the Silver Strand The property benefits from direct access to Coronado via the Silver Strand, a seven mile coastal isthmus connecting Imperial Beach to Coronado and Naval Air Station North Island. SR-75 provides a scenic alternative commute route to downtown San Diego vi
- Neighborhood Character and Lifestyle Imperial Beach has a laid back, beach community feel with local restaurants, surf culture, and access to the Tijuana River National Estuarine Research Reserve, the largest coastal wetland in Southern California. The Imperial Beach Pier offers views of the Coronad
- Proximity to Major Employment Centers The property is approximately 14 miles south of downtown San Diego, accessible via I-5 and SR-75. Naval Base Coronado, the largest military installation in the southwest region and the largest employer in San Diego County with over 36,000 military and civilian p
- Strong Rental Demand Imperial Beach has a population of approximately 25,000 residents with a median age of 35, supporting a young, active renter demographic. Limited new housing supply and the city's beachside lifestyle continue to drive rental demand across the submarket.
- 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.
- 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.
- 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.
- 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.
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Contacts
Max Delbecq
Top Gun CRE, Inc.
Location
Contact Listing Broker
Max Delbecq
Top Gun CRE, Inc.
