481 Palm Ave, Imperial Beach, CA 91932 - Berkshire Hathaway HomeServices California Properties
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481 Palm Ave, Imperial Beach, CA 91932

$4,000,000 Approx. USD 0 beds, 0 baths
7,200 sqft
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Listing Agent


Ray Adams
Lic#: 00989238
Broker: Courtesy of Ray Adams Investment Real Estate Inc

Agent Remarks

Offered for sale is a ten-unit residential income property located in the coastal community of Imperial Beach. This opportunity offers a desirable coastal location, preferred unit mix of all two-bedroom units, upgraded property, rent increase potential, recorded condo map, and attractive assumable financing. Residents enjoy convenient access to the beach, restaurants, shopping and local amenities. The neighborhood is a fun bikeable community with flat surface streets, beach vibes and the Bayshore Bike path that circles San Diego Bay. Imperial Beach is known for surfing and volleyball with a casual beach scene and year-round mild weather. Further, Imperial Beach has enjoyed rapid rent and value appreciation due to the military impact on this submarket. The Navy Seal training center at Silver Strand has expanded, bringing more employment and housing demand in addition to the Naval Outlying Landing Field Imperial Beach and other naval facilities in the submarket. The property offers an easy to maintain income property with many upgrades. The property has vinyl windows, six panel exterior doors, modern texture walls, washer/dryers in unit, individual water heaters, vinyl plank floors, upgraded appliances, granite countertops, 10 parking spaces, and ample off-street parking. The property has a recorded condo map and has increased value sold as condominiums. Finally, there is an existing assumable loan on the property at 3.06% fixed until November of 2026 with monthly interest only payments. Please drive by the property discreetly without disturbing the tenants or management.

Listing Details

Property type: Com-Res Income (Multi-family)
Status: ACTIVE
MLS# 250024667
Price: $4,000,000
Beds: 0
Baths: 0
7,200 sqft
County: San Diego
Amenities: Other/Remarks
MLS area: IMPERIAL BEACH (91932)

Last Updated: 4/17/2025

 Days On Market (DOM): 23

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This listing belongs to the IMPERIAL BEACH (91932) MLS area

Lat/Long: 32.583636, -117.122821.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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NRDS ID: 207054480
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