1147 Grove Avenue Imperial Beach, CA $ 2,795,000
1147 Grove Avenue
$ 2,795,000
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1147 Grove Avenue

Imperial Beach, CA, 91932
$ 2,795,000
Bedrooms8 Baths4.0 Sq 6,366

Monthly Estimate*

$ 17,209

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Multi-Family Home for sale in Imperial Beach, CA

for $2,795,000 with 8 bedrooms and 4 full baths. This 6,366 square foot home was built on a lot size of 0.462098.

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.

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Multi-Family Active

Price

$ 2,795,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Com-Res Income

Lot Size

0.462098

Town/City

Imperial Beach

County/Region

San Diego

MLS | Web ID

260003989

Features
Exterior
Parking Features Spaces
Total Parking 12.0
Lot Size Area 0.46
Number of Buildings 2
Building Area Total 6366.0
Waterfront Y/N N
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General
Year Built 0
Stories Count 2
Levels 2 Story
Property Subtype Com-Res Income
County San Diego
Operating Expense 74901.0
New Construction N
Property Type Residential Income
HOA N
Attached Garage N
Status ACTIVE
City Imperial Beach
Senior Community Y/N N
Number Of Units Total 6
MLS Area South Bay
Lot Size Units Acres
Lot Size Square Feet 20129.0
Carport Spaces 0.0
Property Attached Y/N N
Structure Type Condo Other/Remarks
Building Area Units Sqft
Living Area Units Sqft
Standard Status Active
Total Actual Rent 19050.0
Cap Rate 5.41
Freehold IDX
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Interior
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Half Baths 0
Total Bedrooms 8
Total Baths 4
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* Excluded Features
List By
Nate Pepper

Listing Agent

Cbre

Broker

(858) 248-1222

Phone

Affordability Calculator

$17,209
Per Month
100%
0%
0%
Monthly Principal & Interest
$17,209
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
281193 Elementary School
281006 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/19/2026$2,795,000 Listed Price

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1147 Grove Avenue, Imperial Beach, CA, 91932 is a Multi-Family Home for sale at $2,795,000 with 6,366 sqft and a lot size of 0.462098. 1147 Grove Avenue has 8 bedrooms and 4.0 baths. The property's zip code is 91932 which is in Imperial Beach, CA