126 Elder, Imperial Beach, California 91932, Imperial Beach, 91932 - 1 bed, 1 bath
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Imperial Beach, California 91932
This Short-Term Rental Asset is a High-Potential Investment Opportunity, listed at $589,000—positioned above the $504,821 Fair Market Value. While the list price exceeds the current valuation, the property offers immediate income potential as a turnkey, Super Host-rated Airbnb. Featuring LVP flooring, full-size appliances, and two assigned parking spaces, the unit maintains a Condition Rating of 3. Its prime coastal location and shared rooftop deck ensure strong rental demand. This is an ideal acquisition for Buy-and-Hold Investors or lifestyle-focused second-home buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 126 Elder Subject | $589,000* List Price | 1 | 1 | 822 | $614 | - |
A 106 Calla Ave Sold | $714,000 | 2 | 1 | 770 | $927 | 0.4 mi |
B 263 Dahlia Ave Unit 2 Active | $499,000 List Price | 2 | 1 | 800 | $624 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1988 but features recent interior updates including LVP flooring and fresh paint throughout. The unit is marketed as a turnkey, active Airbnb with full-size appliances and stackable laundry, indicating it is well-maintained and move-in ready despite the building's age.
The property is short-term rental approved and currently operates as a successful Airbnb with a Super Host rating, offering immediate income potential and a turnkey investment opportunity.
Located just steps from the beach, the unit offers a highly walkable lifestyle near local shops and restaurants, complemented by a shared rooftop deck with ocean views.
The unit features modern LVP flooring, recent paint, and comes fully furnished with the rare inclusion of two assigned off-street parking spaces in a high-demand beach area.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 822, other record living area = 647.
The current list price of $589,000 is significantly lower than the 2022 sale price of $682,000, reflecting a notable decline in market value or aggressive pricing due to market shifts.
As a commercial unit, buyers may face more complex financing requirements or higher interest rates compared to traditional residential condominiums, potentially limiting the pool of qualified buyers.
Your chance to own a short term approved commercial unit in Imperial Beach just steps to the beach. Currently operating as an Airbnb and features a Super Host rating, this unit is completely ready to make your home away from home or use to generate income. Condo has LVP flooring, full size appliances, and was recently painted throughout. Unit has in closet stackable washer + dryer and comes with all furniture. Unit also features 2 assigned off street parking spaces to make coming to and from the beach a breeze. Enjoy sunsets from the shared roof top deck and experience a walkable Southern California lifestyle with easy accessibility to local restaurants, shops, and activities. *Photos features how the unit is currently furnished as well as examples of how it was staged in the past.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.5 |
| Baths | 1.0 | 2.0 |
| Square foot | 822 | 1,324.5 |
| Lot Size | 10,279 | 4,767 |
| Price | $589.0K | $684.0K |
| Price per sq ft | $717 | $601 |
| Built year | 1988 | 1991 |
| HOA | $430.0 | $392 |
| Days on market | 33 | 92 |
Jun 19, 2026
$589,000
Initial Listing
Mar 28, 2022
$682,000
Public Record
Jun 11, 2010
$165,000
Public Record
Jul 17, 2008
$25,000
Public Record