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
Bedrooms-- Baths--

Monthly Estimate*

$ 17,209

Listed by CBRE
1147 Grove Avenue, Imperial Beach, CA 91932 - Image 1
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Commercial Property for sale in Imperial Beach, CA

for $2,795,000. The lot size is 0.4621.

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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Commercial Active

Price

$ 2,795,000

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

0.4621

Town/City

Imperial Beach

County/Region

San Diego

MLS | Web ID

260003989SD

Days on Market

2

Features
General
HOA Fee 0
Property Subtype Mixed Use
County San Diego
Net Operating Income 151236
Operating Expense 74901
Property Type Commercial Sale
Status Active
City Imperial Beach
Number Of Units Total 6
MLS Area 91932 - Imperial Beach
Lot Size Units Square Feet
Lot Size Square Feet 20129
Carport Spaces 0
Standard Status Active
Property Sub Type Additional Mixed Use
Cap Rate 5.41
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Interior
Air Conditioning Y/N true
Heating Y/N false
Total Baths 0
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Exterior
Total Parking 12
Lot Size Area 20129
Number of Buildings 2
Lot Size Acres 0.4621
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* Excluded Features
List By
Cbre

Broker

Nate.pepper@outlook.com

Email

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
4827338 Elementary School
4827337 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 Commercial Property for sale at $2,795,000 with a lot size of 0.4621. The property's zip code is 91932 which is in Imperial Beach, CA