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Jerrod Waller

jwaller@sdrealtyco.com +1(858) 822-8634

$2,695,000

Est. payment - /mo

17 Beds

8 Baths

6,366 SqFt

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Key Details

Property Type Multi-Family

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 6,366 sqft

Price per Sqft $423

MLS Listing ID 260003989

Bedrooms 17

Full Baths 7

Half Baths 1

Lot Size 0.462 Acres

Property Sub-Type Com-Res Income

Property Description

We are pleased to present 1147 Grove Avenue, a recently renovated six-unit property located in the charming family-friendly coastal community of Imperial Beach, San Diego's most southern beach town. This unique offering provides a phenomenal owner-user house hack opportunity with a large front house on Grove Avenue and five apartment units in the back. The property sits on a generous 20,129 square foot lot offering potential for construction of multiple ADU units making it an attractive investment for both owner-users and value-add investors. The property consists of six large fully renovated apartment units, three of which are furnished. There are (4) three-bedroom, one-bath units, (1) two-bedroom, one-and-a-half bath townhouse and (1) three-bedroom, two-bathroom detached house at the front of the property. The extensive renovations completed in 2024 have modernized both the unit interiors and exterior of the property. The upgrades include hard surface countertops, new appliances, new cabinetry, vinyl plank flooring, air conditioning, exterior paint and stucco, a new roof, new electrical systems, and refinishing of the pool and pool area. Additionally, the parking lot has been re-slurried and striped, providing ample parking with a total of 12 surface spaces. Since 2015, only 29 new apartment units have been constructed in Imperial Beach, excluding ADU units. This scarcity of new and well-maintained units creates high demand for properties like 1147 Grove Avenue, which offers large modern, turnkey living spaces.

Location

State CA

County San Diego

Area South Bay

Interior

Fireplace No

Exterior

Parking Features Spaces

View Y/N No

Total Parking Spaces 12

Building

Dwelling Type Condo,Other/Remarks

Story 2

Others

Senior Community No

Tax ID 633-150-53-00

Virtual Tour https://www.propertypanorama.com/instaview/snd/260003989

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Listed by Nate Pepper, DRE#01993739 CBRE

NEARBY SCHOOL & BUSINESS

“If you're looking for a dedicated and knowledgeable real estate professional who will go above and beyond to help you achieve your goals, I'm here to serve you. Contact me today to learn more about how he can assist you with all your real estate needs.”

+1(858) 822-8634

jwaller@sdrealtyco.com

3555 5th Avenue 3rd Floor, San Diego, CA 92103

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1147 Grove Avenue Imperial Beach, CA 91932