1139 Granger Street, Imperial Beach, California 91932, Imperial Beach, 91932 - 0 bed, 0 bath
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Imperial Beach, California 91932
This Coastal Value-Add Duplex represents a Strong Value Opportunity with a List Price of $950,000—positioned well below the $1,029,593 Fair Market Value by 7%. This valuation gap secures $79,593 in Instant Equity for the incoming owner. While the property holds a Fair Condition Rating requiring interior modernization, it features a massive 42% Rent Upside and ADU Conversion Potential via the attached garages. With recent exterior upgrades and private patios, this asset is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield house hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1139 Granger Street Subject | $950,000* List Price | 0 | 0 | 1,896 | $543 | - |
A 904 12th Street Sold | $1,075,000 | 0 | 0 | 2,350 | $457 | 0.5 mi |
B 1282 86 13th St. Sold | $825,000 | 4 | 2 | 1,792 | $460 | 0.3 mi |
C 1380 90 Fern Avenue Active | $1,050,000 List Price | 0 | 0 | 2,132 | $492 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property has received recent exterior capital improvements including new windows, paint, and an asphalt driveway. However, the 1959-built duplex lacks interior photos, and the listing explicitly mentions a 42% rent upside potential upon renovating the interiors, indicating that kitchens, bathrooms, and flooring are likely outdated. The presence of construction debris and unkempt yards further supports a 'fair' condition rating, as the property requires interior modernization to meet current market standards.
The property offers a significant 42% rent upside and the potential to convert the existing garages into a third unit (ADU), providing a clear path to increased equity and cash flow.
Extensive recent upgrades including new exterior paint, windows, hot water heaters, and a new asphalt driveway reduce immediate maintenance needs and enhance curb appeal.
Each oversized two-bedroom unit includes a private yard and an attached garage, features that are highly sought after by tenants and support premium rental rates.
While the exterior has been updated, the interiors likely require modernization to achieve the projected market rents, necessitating additional upfront capital investment.
The local public schools serving the area have relatively low ratings (ranging from 2 to 4), which may limit the property's appeal to long-term family tenants.
Duplex in Imperial Beach with recent capital improvements including new exterior paint, windows, hot water heaters, asphalt driveway, and fencing. Both units are oversized 2 bedroom / 1 bathroom layouts, each with a private yard and attached one car garage. The two garages share an adjoining wall, creating potential for a third unit through a garage/ADU conversion. Both units are currently tenant occupied. Approximately 42% rent upside on existing units with opportunity to renovate interiors upon unit turns and achieve market rents.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 0.6 mi
Grades 7-8 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,896 | 2,134 | 40% |
| Lot Size | 6,306 | 7,802 | 40% |
| Price | $950.0K | $995.0K | 40% |
| Price per sq ft | $501 | $460 | 60% |
| Built year | 1959 | 1965 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 20 | 78 | 20% |
Apr 2, 2026
$950,000
Initial Listing