2542 Sea View DR Thermal, CA 92274
6 Beds
4 Baths
2,664 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,664 sqft
Price per Sqft $219
MLS Listing ID 219142327
Bedrooms 6
Full Baths 4
HOA Y/N No
Year Built 1975
Lot Size 0.307 Acres
Property Description
An exceptional opportunity to acquire a fully renovated fourplex with built-in upside at 2542 Sea View Drive, Thermal. This property consists of two separate buildings with two units each, offering a versatile multifamily layout and strong income potential.
• Unit Mix: Two 2-bedroom / 1-bath units and two 1-bedroom / 1-bath units
• Building One: 1,176 sq ft
• Building Two: 1,488 sq ft
• Total Units: 4
A complete and extensive remodel was completed in 2022, including new windows, new plumbing, a new roof, new electrical work, new flooring throughout, and fresh interior paint. Each unit includes its own washer and dryer, enhancing day-to-day functionality.
Currently, two units are occupied and two units are vacant, allowing a new owner to immediately set market rents and implement a value-add strategy. The existing vacancy creates flexibility for repositioning and income optimization from day one.
The two-building configuration provides a distinctive multifamily setup that stands apart from traditional fourplexes and supports efficient ownership.
With major capital improvements already completed and clear paths to increased revenue, this fourplex offers a compelling blend of current income and future growth.
Property is being sold as is.
Location
State CA
County Imperial
Area 381 - Salton Sea - Imperial County
Interior
Heating Zoned, Other
Cooling Air Conditioning, Zoned
Fireplace false
Exterior
View Y/N true
View Desert, Hills, Lake, Mountain(s), Panoramic
Private Pool No
Building
Story 1
Entry Level Ground,Ground Level, No Unit Above
Sewer In Street on Bond
Level or Stories Ground, Ground Level, No Unit Above
Others
Senior Community No
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA
Listing Terms 1031 Exchange, Cash, Conventional, FHA
Special Listing Condition Standard