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Residential Income for sale : 8 bedrooms : 1147 Grove Avenue in Imperial Beach

1147 Grove Avenue Imperial Beach

Main Photo: Residential Income for sale : 8 bedrooms : 1147 Grove Avenue in Imperial Beachbanner
$2,795,000
Prop. Type:
Residential Income
MLS® Num:
260003989
Status:
Active
Bedrooms:
8
Bathrooms:
4
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.
Property Sub Type:
Com-Res Income
Number of Buildings:
2
County Or Parish:
San Diego
Market Area:
South Bay
Total Building Area:
Switch units of measure6,366 sq. ft.
Total Floor Area:
Switch units of measure6,366 sq. ft.
Total Bedrooms:
8
Bathrooms:
4
Half Bathrooms:
0
Structure Type:
Condo, Other/Remarks
Stories:
2 Story
Num Stories:
2
Year Built:
0
Age (in years):
Switch units of measure2,026 year(s)
Short Sale:
false
Total Actual Rent:
$19,050
Cap Rate.:
5.41
Gross scheduled income:
235560.0
Operating expense:
74901.0
Number of Units:
6
Number of Units in Unit 1:
1
Number of Units in Unit 2:
1
Number of Units in Unit 3:
4
Special Listing Conditions:
N/K
Lot Size:
Switch units of measure20,038 sq. ft.
Parcel Number:
633-150-53-00
Parking Features:
Spaces
Total Parking Spaces:
12
Total Non-Garage Spaces:
0
Listed by CBRE
Data was last updated March 3, 2026 at 07:10 AM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty

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