1343-1347 Grove Ave - Apartments FOR SALE


Imperial Beach, CA 91932
$2,450,000 USD
619-300-0173
1343-1347 Grove Ave, Imperial Beach, CA for Sale
$2,450,000 USD
Apartments - FOR SALE
1/18
null | 5.56% Cap Rate

1343-1347 Grove Ave
Imperial Beach, CA 91932


HIGHLIGHTS

  • RECENT RENOVATIONS - Extensively Upgraded Interior and Exterior
  • STRONG UNIT MIX - Comprised of All 2 Bedroom Units
  • ATTRACTIVE AMENITIES - Private Entrance, Private Yards, Off Street Parking, Built in 1980 - Renovated in 2025.
  • DESIRABLE AREA - Well Located Near Numerous Consumer Retail Centers, Businesses & Restaurants

OVERVIEW

A rare investment opportunity in Imperial Beach, this six-unit multifamily property offers a blend of modern upgrades and strong rental income. The front two-story fourplex features four spacious 2BR/1BA units, while the rear includes two single-story 2BR/1BA units, each with private yards—ideal for tenant privacy and outdoor living. Recently renovated in 2025, the property boasts new upgrades throughout, ensuring low maintenance and long-term value. Residents enjoy ample off-street parking, an on-site laundry room, and a prime coastal location that continues to attract strong demand. The 10,553 SF lot provides generous space, enhancing the property's appeal. Situated just minutes from the beach, shopping, and dining, this well-maintained asset offers an excellent opportunity for investors seeking stable cash flow and future appreciation in one of San Diego’s fastest growing rental markets. Don’t miss out on this turnkey, income generating property!

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$513 USD /SF

# OF UNITS

6

PRICE/UNIT

$408,333

CAP RATE

5.56%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

R3

APN/PARCEL ID

633-161-22

ASK ABOUT THIS PROPERTY

Adam CairoStarker West, IncMore Info
619-300-0173

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Adam CairoStarker West, IncMore Info
619-300-0173

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.