3 on Delaware 530-32 Delaware St 3 Unit Apartment Building $1,933,546 CAD ($644,515 CAD/Unit) 4.81% Cap Rate Imperial Beach, CA 91932

530–532 Delaware St presents a well-located three-unit investment opportunity in a highly desirable coastal pocket of Imperial Beach, situated north of Palm Avenue and just moments from the bay, bike path, and a variety of local amenities. This location continues to see strong rental demand driven by its proximity to the waterfront, outdoor recreation, and convenient access to nearby employment centers throughout South San Diego.
The subject property comprises three (3) units within a single structure, including two (2) 1-bedroom / 1-bathroom units of approximately 600 square feet each and one (1) 2-bedroom / 1-bathroom unit of approximately 900 square feet. The property totals approximately 2,100 rentable square feet and is situated on a 6,670 square foot lot. Each unit offers functional layouts with typical residential amenities, appealing to a broad tenant base seeking quality housing in a coastal setting.
Currently in turnkey condition, the asset provides investors with the opportunity to achieve stable in-place income with minimal immediate capital expenditure. The property’s clean presentation and efficient unit mix also position it well for both traditional investors and potential owner-occupants looking to offset living expenses with rental income.
With its prime location near the bay, immediate access to the Imperial Beach bike path, and close proximity to shops, dining, parks, and the coastline, 530–532 Delaware St offers a compelling combination of lifestyle appeal and investment fundamentals. The property represents an opportunity to acquire a well-maintained asset in one of Imperial Beach’s most sought-after neighborhoods, with long-term upside supported by continued growth and demand in the coastal South Bay market.