Two-Unit Duplex
New
For Sale
$1,550,000
770 Delaware St, Imperial Beach, CA 91932
Residential Income, Imperial Beach, CA
Property Size4,128 SF
Price / SF$375.48
Days on Market1
Property Features for 770 Delaware St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
6
Full bathrooms
5
Half bathrooms
1
Rooms
Bathroom 4, Bathroom 6, Bedroom 7, Bedroom 2, Bathroom 1, Bathroom 5, Bedroom 6, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 5
Pets allowed
Yes
Exterior features
West of I-5
Fencing
Gate
Subdivision
IMPERIAL BEACH
Directions
7th St to Donax, turn left and then left on Delaware.
Standard status
Active
APN
626-262-09-00
Size
4,128 SF
Additional Details
Tenant in Place
Yes
Utilities
Heating system
Forced Air, Zoned
Cooling system
Central Air, Zoned
Amenities
solar
washer/dryer
yard
Building Details
Year built
2023
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
Flagship Properties, Inc.
Listed By:
Carrie OBrien · License #01350170
(619) 847-3524
Added: Oct 28
Last Checked: Oct 28 at 8:06PM
MLS# 260025832
Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2023, this two-unit residential property pairs a 2,974-square-foot main residence with a 1,155-square-foot accessory dwelling unit. The main home has four bedrooms and three-and-a-half bathrooms; the ADU offers three bedrooms, two bathrooms, a separate entrance, and a full kitchen with appliances and a washer and dryer. Interior features include luxury vinyl flooring, quartz kitchen counters, and a first-floor primary suite with patio access. Owned solar is included.
The property is west of I-5 and seven blocks from the beach. Site features include a two-car garage, six driveway parking spaces, and front and rear yards. A variance has been granted for 2–4 units.
The property is west of I-5 and seven blocks from the beach. Site features include a two-car garage, six driveway parking spaces, and front and rear yards. A variance has been granted for 2–4 units.
Key Highlights
- 2023 construction; main residence measures 2,974 square feet and the ADU 1,155 square feet
- Main residence has 4 bedrooms and 3.5 bathrooms; ADU has 3 bedrooms and 2 bathrooms
- ADU has a separate entrance, full kitchen, and washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,962
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,479,240
$1.5M
Cap Rate 7%
$1,056,600
$1.1M
Cap Rate 9%
$821,800
$821.8K
Market Conditions
NOI Build-Up for 4,128 SF
Gross rent
$111.5K $27.00/SF
− Vacancy
−$5.8K −$1.40/SF
EGI
$105.7K $25.60/SF
− OpEx
−$31.7K −$7.68/SF
NOI
$74.0K $17.92/SF
Area
San Diego County, CA
Vacancy
5.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,479,240
Cap Rate 7%
$1,056,600
Cap Rate 9%
$821,800
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$924.5K – $1.23M
NOI $73,962 @ 7.0% cap · market cap 4.77%
Second Best
Apartment 5plus
$979.8K
$857.4K – $1.14M
NOI $68,589 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$1.89M
$1.65M – $2.21M
NOI $132,392 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
882
Businesses Nearby
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Business Placement
Demographics for 91932, CA
26,013
Population
10,276
Households
2.5
Avg Household Size
35
Median Age
24%
College-Educated
85%
High-School Grad
4.3 sq mi
ZIP Area
6,050
Density / Sq Mi
$79,071
Median Household Income
$41,917
Median Earnings
$1,914
Median Rent
$811,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - A detached accessory dwelling unit provides a separate entrance and a complete kitchen.
Where is this duplex located?
The property is located at 770 Delaware St Imperial Beach, CA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 2023 construction; main residence measures 2,974 square feet and the ADU 1,155 square feet; Main residence has 4 bedrooms and 3.5 bathrooms; ADU has 3 bedrooms and 2 bathrooms; ADU has a separate entrance, full kitchen, and washer and dryer
