1243 7th Street, Imperial Beach, California 91932, Imperial Beach, 91932 - 4 bed, 2 bath
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Imperial Beach, California 91932
This property presents a High-Potential Investment Opportunity with a List Price of $999,000—positioned above the $903,850 Fair Market Value. While priced at a premium, the asset features a Fair Condition Rating and significant income-generating potential through an attached studio currently yielding $1,800/month. The large, usable lot and detached shed offer substantial value-add opportunities for customization. Despite lower-rated local schools, the coastal location near the estuary and parks provides strong long-term appeal. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1243 7th Street Subject | $999,000* List Price | 4 | 2 | 1,510 | $599 | - |
A 920 7th St Sold | $920,000 | 3 | 2 | 1,518 | $606 | 0.4 mi |
B 561 Spruce St Sold | $735,000 | 3 | 1 | 1,279 | $575 | 0.6 mi |
C 979 Connecticut Sold | $845,000 | 3 | 2 | 1,258 | $672 | 0.4 mi |
D 1223 12th Street Sold | $850,000 | 4 | 3 | 1,743 | $488 | 0.6 mi |
E 557 59 Florida Street Sold | $778,000 | 4 | 2 | 1,620 | $480 | 1.0 mi |
F 1125 Holly Avenue Sold | $789,000 | 3 | 3 | 1,224 | $645 | 0.6 mi |
G 985 Fern Ave Pending | $799,900 List Price | 4 | 2 | 1,632 | $490 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1953, this home is well-maintained but retains many dated elements consistent with the 'Fair' rating (>20 years). While it features cosmetic refreshes like subway tile and paint, the kitchen remains vintage with an older stove and layout, and the garage photo reveals older utility systems (water heater). It is move-in ready but requires modernization to meet current standards.
The property features an attached studio currently generating $1,800 per month in rental income, providing an excellent opportunity to offset mortgage payments or serve as a turnkey investment.
Situated on a large, usable lot with a detached shed for a home office or gym, the property offers significant flexibility for expansion, customization, and indoor-outdoor entertaining.
Located in a thriving Imperial Beach neighborhood near Veterans Park and estuary trails, the home is positioned in an area seeing active renovation and value appreciation.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Built in 1953, the home likely requires modernization of its original systems and finishes to meet contemporary standards, which may necessitate additional capital investment.
The assigned public schools have relatively low ratings (3-4 out of 10), which could be a drawback for families prioritizing high-performing educational districts.
Charming mid-century 3 bedroom, 1 bathroom single-family home with a garage, attached income-producing studio, and an additional detached shed perfect for a home gym, office, creative space, or work-from-home setup. The attached studio features a completely separate entrance and is currently generating $1,800/month in rental income, offering incredible flexibility for investors, multigenerational living, or offsetting your mortgage. Full of character and opportunity, this home showcases original hardwood floors, timeless mid-century charm, and great bones throughout. The cozy family room includes the perfect space for a breakfast nook, while the huge patio directly off the kitchen creates seamless indoor-outdoor living ideal for entertaining or enjoying San Diego’s year-round weather. Situated on a large, usable lot, there is ample room to expand, customize, or simply enjoy the space as-is. Located in a highly desirable neighborhood just around the corner from Veterans Park, the library, and the beautiful estuary trails. Enjoy being only a short drive or bike ride to Seacoast, local restaurants, shopping, and the beach. Many homes on the street have already been upgraded, with several more currently being renovated, making this an exciting opportunity to create value in a thriving coastal community.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades 7-8 • 1.2 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 74% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,510 | 1,342 | 66% |
| Lot Size | - | 6,000 | 29% |
| Price | $999.0K | $845.0K | 83% |
| Price per sq ft | $662 | $643 | 60% |
| Built year | 1953 | 1959 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 107 | 14% |
May 28, 2026
$999,000
Initial Listing
Aug 12, 2016
$515,000
Public Record
Jul 31, 2003
$370,000
Public Record