
Imperial Beach, California 91932
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $989,000—positioned well above the $968,043 Fair Market Value by -2%. While priced slightly above market, the property features a Condition Rating of 3, boasting significant infrastructure upgrades like a newer roof, dual-pane windows, and leased solar. The expansive 6,687 sq. ft. lot with alley access offers prime ADU Potential, providing a clear path to forced appreciation. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a coastal project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1165 East Lane Subject | $989,000* List Price | 4 | 2 | 1,850 | $528 | - |
A 731 Iris Avenue Sold | $895,000 | 4 | 2 | 1,702 | $526 | 0.4 mi |
B 737 Hemlock Avenue Sold | $875,000 | 3 | 2 | 1,590 | $550 | 0.4 mi |
C 1451 Louden Lane Sold | $1,070,000 | 4 | 3 | 2,174 | $492 | 0.4 mi |
D 985 Fern Ave Sold | $799,900 | 4 | 2 | 1,632 | $490 | 0.4 mi |
E 261 Elder Avenue Sold | $950,000 | 3 | 2 | 1,694 | $561 | 0.6 mi |
F 1005 Oneonta Avenue Sold | $932,000 | 3 | 2 | 1,440 | $647 | 0.5 mi |
G 1243 7th Street Sold | $950,000 | 4 | 2 | 1,510 | $629 | 0.1 mi |
H 316 Elkwood Avenue Pending | $1,199,999 List Price | 4 | 2 | 2,120 | $566 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1981, the property is well-maintained and move-in ready with significant recent upgrades. Key systems are in strong condition: dual-pane windows are ~2 years old, luxury vinyl flooring is recent, the roof is ~12 years old, and the HVAC is noted as excellent. While the kitchen, cabinetry, and popcorn ceilings are dated and 'ready for update,' the major structural and mechanical components fall within the 5-15 year renovation window for a 'Good' rating.
Situated on prestigious East Lane near the Estuary and beach, this property offers a highly desirable lifestyle within minutes of the Imperial Beach Pier, local dining, and the Bayshore Bikeway.
The home features essential high-value improvements including a newer roof, dual-pane windows, central A/C, and leased solar, significantly reducing immediate capital expenditure for the buyer.
The expansive 6,687 sq. ft. lot includes rare alley access and sufficient space for a potential Accessory Dwelling Unit (ADU), providing excellent opportunities for multi-generational living or rental income.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
While major systems are updated, the interior is positioned as a 'blank canvas' needing aesthetic updates to the kitchen and bathrooms to meet modern luxury standards.
The assigned public schools for this address currently hold lower performance ratings (3-4 out of 10), which may be a consideration for families prioritizing top-tier educational districts.
Welcome to one of IB's most sought-after neighborhoods, where larger homes, spacious lots, and the beauty of the beach and the Estuary create one of the community's most desirable places to live. Nestled on prestigious East Lane, this 1,850 sq.ft. home sits on an expansive lot with a two-car garage, two additional driveway parking spaces, and convenient alley access. Anchoring the living room is an oversized, authentic brick, wood-burning fireplace that makes the space feel warm and welcoming. It's easy to imagine the glow of a crackling fire on Christmas morning or cozy evenings spent with family and friends. The spacious formal dining room and open-concept kitchen create an inviting floor plan that's perfect for everyday living and entertaining. This home offers incredible potential and is ready for you to update to your own style while enjoying the confidence of many important improvements already in place, including central A/C, luxury vinyl flooring, dual-pane windows, a newer roof, modern vinyl fencing, and leased solar. The dual-pane windows were replaced approximately two years ago, the central heating and air conditioning system is in excellent condition, the roof is approximately 12 years old, and the leased solar system helps keep energy costs down, allowing you to enjoy the comfort of air conditioning whenever you want. Additional highlights include several skylights, abundant storage in the garage attic, a generously sized front yard, and a private backyard with space for a potential ADU. Located just minutes from the beach, Imperial Beach Pier, the Bayshore Bikeway, and the restaurants and shops along Seacoast Drive, this is an exceptional opportunity to create your dream home in one of Imperial Beach's premier neighborhoods.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades 7-8 • 1.3 mi
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,850 | 1,446.957 |
| Lot Size | 6,687 | 6,151.37 |
| Price | $989.0K | $882.9K |
| Price per sq ft | $535 | $664 |
| Built year | 1981 | 1957 |
| HOA | $0 | $0 |
| Days on market | 49 | 40 |
Jul 22, 2026
$989,000
Initial Listing
Jun 14, 2024
$925,000
Public Record