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$ 2,740,000
Est. payment | /mo
0.46 Acres Lot
$ 2,740,000
Est. payment | /mo
0.46 Acres Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260003989SD
HOA Y/N No
Lot Size 0.462 Acres
Property Sub-Type Mixed Use
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 91932 - Imperial Beach
Interior
Fireplace No
Exterior
Total Parking Spaces 12
Others
Tax ID 6331505300
Virtual Tour https://www.propertypanorama.com/instaview/snd/260003989
Listed by Nate Pepper CBRE #01993739
NEARBY SCHOOL & BUSINESS