997 Ocean Ln Imperial Beach, CA $ 3,500,000
997 Ocean Ln
$ 3,500,000
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997 Ocean Ln

Imperial Beach, CA, 91932
$ 3,500,000
Bedrooms4 Baths4.0

Monthly Estimate*

$ 21,835

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Multi-Family Home for sale in Imperial Beach, CA

for $3,500,000 with 4 bedrooms and 4 full baths. This home was built in 1925.

WHITEWATER Commercial Real Estate is proud to present 997 Ocean Lane, a truly rare beachfront investment opportunity in the heart of Imperial Beach, California. This is the first time this property has ever been offered for sale, making it a “once in a generation” chance to own a prime coastal asset with significant value-add potential. Situated on two commercial-zoned parcels totaling 6,020 SF, this 5-unit property includes three studio units in the main building and two 1-bedroom units along Elkwood Avenue. All units are in original condition and significantly under rented, providing immediate upside for investors through renovation and repositioning. What makes this property truly special is its direct access to the beach, combined with walkability to vibrant restaurants, bars, and shops along Seacoast Drive. As Imperial Beach continues its transformation with new developments, rising demand, and a growing reputation 997 Ocean Ln is perfectly positioned for long term appreciation. Located just minutes from Coronado and Chula Vista, this is a high-demand rental market where tenants consistently pay a premium to live steps from the sand. Whether you're a long-term investor, developer, or looking to create a boutique beach retreat, there are only a finite of opportunities like this to exist.

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Multi-Family Active

Price

$ 3,500,000

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Res Income 2-4 Units

Year Built

1925

Town/City

Imperial Beach

County/Region

San Diego

MLS | Web ID

250033465

Features
General
Heating Fireplace
Cooling N/K
Roof Other/Remarks
Security Features N/K
Construction Materials Stucco
Year Built 1925
Tenant Pays Other/Remarks
View Ocean Panoramic Panoramic Ocean
Levels 2 Story
Property Subtype Res Income 2-4 Units
Building Name N/A
County San Diego
Operating Expense 0.0
New Construction N
Property Type Residential Income
HOA N
Attached Garage N
Subdivision Name IMPERIAL BEACH
Full Baths 4
Status ACTIVE
City Imperial Beach
Senior Community Y/N N
Number Of Units Total 5
MLS Area South Bay
Lot Size Units Acres
Property Attached Y/N N
Building Area Units Sqft
Living Area Units Sqft
Standard Status Active
Cap Rate 0.0
Freehold IDX
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Exterior
Fencing Other/Remarks
Lot Size Area 0.0
Number of Buildings 2
Building Area Total 2400.0
Frontage Type Ocean/Sand
Waterfront Y/N N
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Interior
Total Stories 2
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Half Baths 0
Total Bedrooms 4
Total Baths 4
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* Excluded Features
List By
Carson P Trujillo

Listing Agent

Whitewater Cre Inc

Broker

(859) 433-8741

Phone

Affordability Calculator

$21,835
Per Month
100%
0%
0%
Monthly Principal & Interest
$21,835
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
7/15/2025$3,500,000 Listed Price

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997 Ocean Ln, Imperial Beach, CA, 91932 is a Multi-Family Home for sale at $3,500,000. 997 Ocean Ln has 4 bedrooms, 4.0 baths, and was built in 1925. The property's zip code is 91932 which is in Imperial Beach, CA