535 12th St, Imperial Beach, California 91932, Imperial Beach, 91932 - 2 bed, 1 bath
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535 12th St
Imperial Beach, California 91932
ACTIVE
CONDITION: TEAR DOWN
2Beds
1Baths
780Sq Ft
0Lot Size
Property Price
LIST PRICE$825,000
EST. MARKET VALUE
$689,403
19% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $825,000—positioned well above the $689,403 Fair Market Value by 19%. While the current structure has a Condition Rating of 6, the R-3000 Zoning on a 6,924 sq ft lot provides significant upside for development. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants looking to leverage FHA/VA financing to build equity through ADU expansion or a full-scale redevelopment in the desirable Dolphin Bay neighborhood.
Estimated Market Value
$689,403
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 |
|---|---|---|---|---|---|---|
★ 535 12th St Subject 2 bd · 1 ba · 780 sqft · $884 | $825,000* List Price | 2 | 1 | 780 | $884 | - |
A 521 Dahlia Ave Sold 2 bd · 1 ba · 744 sqft · $874 · 0.9 mi | $650,000 | 2 | 1 | 744 | $874 | 0.9 mi |
B 875 11th Street Active 2 bd · 1 ba · 693 sqft · $1,082 · 0.5 mi | $750,000 List Price | 2 | 1 | 693 | $1,082 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Property is 68 years old (built 1956) with no evidence of renovation. Kitchen and bathroom feature original 1950s tiling and fixtures in poor condition. The listing emphasizes development potential and building a 'dream home,' indicating the structure has reached the end of its functional life per the 50-year criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The R-3000 zoning on a generous 6,924 sq ft lot provides significant upside for building additional units or ADUs, making it a prime investment opportunity for equity growth.
- Financing Versatility
The property is eligible for FHA and VA financing, offering a rare entry-level opportunity for owner-occupants to acquire a coastal development site with low-down-payment loan options.
- Desirable Coastal Location
Situated in the sought-after Dolphin Bay neighborhood of Imperial Beach, the property offers a prime location within a growing beach community near local amenities and the Pacific Ocean.
CONSRISKS & DEFICIENCIES
- Limited Existing Living Space
The current structure is only 780 square feet, resulting in a high price-per-square-foot and likely requiring immediate renovation or expansion to be functional for modern families.
- Underperforming School District
The assigned public schools have low ratings, ranging from 2 to 4 out of 10, which may impact long-term resale value for families prioritizing educational quality.
About 535 12th St
Located in the Highly Desirable Neighborhood of Dolphin Bay, Imperial Beach, sits a Unique Opportunity to Owner Occupy while Building your Investment Portfolio. Great Development Opportunity. Zoned R-3000, on a 6,924 sq ft lot, with a variety of potential uses. Previously operated as a rental SFR, this entry level investment is ideal for an Owner Occupant or a creative investor building equity. Remodel and live/rent in front house with the opportunity to build additional units or ADUs. Come Build Your Dream Home Here in Imperial Beach
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1956
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Imperial Beach Unified Schools
Bayside Elementary School
Grades K-6 • 0.3 mi
2/10
Mar Vista Academy
Grades 7-8 • 1.1 mi
3/10
Mar Vista Senior High School
Grades 9-12 • 1.0 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.2 |
| Baths | 1.0 | 2.0 |
| Square foot | 780 | 1,420 |
| Lot Size | - | 6,133.125 |
| Price | $825.0K | $891.5K |
| Price per sq ft | $1.1K | $642 |
| Built year | 1956 | 1957 |
| HOA | $0 | $0 |
| Days on market | 24 | 37 |
Pricing History
Listed for Sale
Oct 1, 2026
$825,000
Initial Listing