997 Ocean Ln - Apartments FOR SALE


Imperial Beach, CA 91932
$3,500,000 USD
859-433-8741
997 Ocean Ln, Imperial Beach, CA for Sale
$3,500,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

997 Ocean Ln
Imperial Beach, CA 91932


HIGHLIGHTS

  • Rare Irreplacable Location + Unobstructed Ocean Views
  • Walking Distance to Shops, Restaurants, & Bars
  • First Time Ever On The Market
  • Commercial Zoning
  • Two APN Numbers

OVERVIEW

**Please do not walk on the property or disturb tenants. Call listing agent to set up showing. 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.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$1,400 USD /SF

# OF UNITS

5

PRICE/UNIT

$700,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

997 Ocean Lane

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,020 SF

ZONING

CMU/RO

APN/PARCEL ID

625-340-01

ASK ABOUT THIS PROPERTY

Carson TrujilloWhitewater Commercial Real EstateMore Info
859-433-8741

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Carson TrujilloWhitewater Commercial Real EstateMore Info
859-433-8741

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