Asking Price: $2,500,000 | ​​​​​​​

150 Steps to the Ocean with Investment Flexibility: "Elkwood Cottages by the Sea" each of the 5 units have their own names. This property presents a remarkable opportunity for those looking to capitalize on the thriving Imperial Beach coastal market. Here are some Potential Uses; 1) Live in this charming single-family craftsman beach home (2000sf removing one kitchen)with three helper rental units. 2) Zoned for vacation rentals without the City of San Diego Short Term Rental Constrictions. (#121 historically was a AIRBNB grossing $7000/month 3) Convert to a mixed use property with commercial on the first floor and condos above. 4) Use it as a commercial space immediately. Large parking lot across the street. Property Overview: Year Built: 1935 with a giant facelift. Walk the tropical walkway w/banana trees between the buildings. 5 total units. The duplex units both have private fenced yards, The Triplex: 3 one bedrooms, A Garage: 1 plus 4 additional parking spaces off the alley. Renovations: Four of the five units have been thoughtfully renovated and professionally landscaped. Directly in the center of downtown Imperial Beach with a large parking lot across the street. No house meters except water. This property has been added on to for 90 years but completely renovated. The triplex is single wall construction and the duplex is on post and piers. The duplex's water meters are submetered. There is a floor safe and window AC upstairs in the roomy sunny master suite. There are individual Hot Water Heaters and no House Meters. Features : All New Windows. #123 front porch was rebuilt with a permit+a new kitchen+a floor safe+tiny extra room+lease includes the garage + two yards+ a sump+extra outside w/d shed. #121 Washer/dryer and bath were rebuilt with permits+new kitchen+bonus room+upstairs has large master suite+deck+Historically this unit was a vacation rental at $7000/month. #111 Is a fixer #113 Remodeled+new kitchen #115 Remodeled+a beautiful kitchen+outside sitting area.