1472 Iris Avenue 2, Imperial Beach, California 91932, Imperial Beach, 91932 - 2 bed, 1 bath
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1472 Iris Avenue 2
Imperial Beach, California 91932
ACTIVE
CONDITION: GOOD
2Beds
1Baths
800Sq Ft
0Lot Size
Property Price
LIST PRICE$454,999
EST. MARKET VALUE
$439,436
3% AboveMARKET VALUE
SUMMARY
This Condominium represents a Strong Value Opportunity, listed at $454,999—positioned well below the $439,436 Fair Market Value by -3%. While the property is priced slightly above the estimated market value, the VA Loan Assumption Opportunity provides a unique financial advantage for qualified buyers to secure favorable interest rates. Featuring a Condition Rating of 3 with modern interior updates, this unit offers a functional layout near the coast. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an affordable entry into the Imperial Beach market.
Estimated Market Value
$439,436
Based on Realkey algorithm analyzing recent comparable sales in Imperial Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1472 Iris Avenue 2 Subject 2 bd · 1 ba · 800 sqft · $549 | $454,999* List Price | 2 | 1 | 800 | $549 | - |
A 1461 Hemlock Sold 2 bd · 2 ba · 993 sqft · $553 · 0.0 mi | $549,000 | 2 | 2 | 993 | $553 | 0.0 mi |
B 1202 Donax Avenue 2 Sold 2 bd · 2 ba · 992 sqft · $464 · 1.0 mi | $460,000 | 2 | 2 | 992 | $464 | 1.0 mi |
C 1290 Holly Ave Sold 2 bd · 2 ba · 735 sqft · $605 · 0.3 mi | $445,000 | 2 | 2 | 735 | $605 | 0.3 mi |
D 1340 Holly Ave 18 Sold 2 bd · 1 ba · 800 sqft · $575 · 0.2 mi | $460,000 | 2 | 1 | 800 | $575 | 0.2 mi |
E 1328 Iris Avenue Active 2 bd · 1 ba · 798 sqft · $563 · 0.2 mi | $449,000 List Price | 2 | 1 | 798 | $563 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While the structure dates to 1972, the interior has undergone significant renovations within the last 5-15 years. The kitchen features updated white cabinetry, stone countertops, and stainless steel appliances. Modern wide-plank laminate flooring is present throughout, and the unit appears well-maintained and move-in ready, though the presence of wall-mounted AC units and the overall building age prevent an 'Excellent' rating.
PROSSTRENGTHS & OPPORTUNITIES
- VA Loan Assumption Opportunity
The seller is open to a VA loan assumption, offering a significant financial advantage for qualified buyers to potentially secure a lower interest rate than current market offerings.
- Strategic Coastal Location
Ideally situated near military installations, the beach, and the new Gaylord Pacific Resort, providing high demand for both owner-occupants and potential rental opportunities.
- Low Carrying Costs
With a monthly association fee of just $240, this property offers an affordable entry point into the San Diego coastal market with lower recurring overhead than similar gated communities.
CONSRISKS & DEFICIENCIES
- Limited Square Footage
At only 800 square feet for a two-bedroom unit, the living space is relatively compact, which may be a constraint for families or those requiring a home office.
- Dated Building Profile
Constructed in 1972 with only one bathroom, the property lacks the modern layout and additional facilities often sought by contemporary buyers.
About 1472 Iris Avenue 2
VA LOAN ASSUMPTION OPPORTUNITY! The seller is open to considering offers involving an assumption of the existing VA loan with favorable terms. Buyer must qualify, and the assumption is subject to loan servicer and VA approval. Welcome to this charming Imperial Beach condo offering an excellent opportunity to own near the coast. The light and inviting interior features a functional layout with comfortable living spaces, while the gated community provides added privacy. Conveniently located near Naval Outlying Landing Field Imperial Beach and other military installations, with easy access to the beach, shopping, dining, parks, schools, major freeways and the Gaylord Pacific Resort & Convention Center in Chula Vista. Enjoy the relaxed Imperial Beach lifestyle and everything South Bay has to offer. Buyer and buyer’s agent to independently verify all loan terms, eligibility, costs and assumption requirements.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1972
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $240.0 / Month
Neighborhood Insights
Imperial Beach Unified Schools
Central Elementary School
Grades K-6 • 0.6 mi
2/10
Oneonta Elementary School
Grades K-6 • 0.6 mi
3/10
Emory Elementary School
Grades K-6 • 0.8 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.6 |
| Baths | 1.0 | 2.0 |
| Square foot | 800 | 1,335.222 |
| Lot Size | - | 25,499 |
| Price | $455.0K | $671.6K |
| Price per sq ft | $569 | $554 |
| Built year | 1972 | 1989 |
| HOA | $240.0 | $466 |
| Days on market | 58 | 66 |
Pricing History
Listed for Sale
Oct 2, 2026
$454,999
$464,999
-2% Price Drop
Initial Listing
Price Change
Aug 28, 2026
$464,999
Initial Listing
Sold
Mar 24, 2022
$436,000
Public Record
Sold
Jun 19, 2017
$250,000
Public Record
Sold
Dec 2, 2015
$200,000
Public Record
Sold
Apr 7, 2010
$98,500
Public Record
Sold
Jan 29, 2007
$280,000
Public Record