
Imperial Beach, California 91932
This Strong Value Opportunity is a turnkey 4-plex listed at $1,750,000, positioned well below the $1,853,762 Fair Market Value by 5%. This valuation gap provides $103,762 in Instant Equity. Featuring a Condition Rating of 2, the property offers modern luxury finishes, in-unit laundry, and private patios. Its townhome-style layout and dedicated parking make it a premier coastal asset. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-performing, low-vacancy coastal residence.
Property is new construction or fully renovated.
Although originally built in 1965, the property has undergone an extensive recent renovation within the last 5 years, making it completely turn-key. The interiors feature modern luxury vinyl plank flooring, recessed lighting, and fully updated kitchens with white shaker cabinetry, quartz countertops, and stainless steel appliances. The exterior and systems appear well-maintained with no visible deferred maintenance, meeting the criteria for a high-quality, fully renovated asset.
This stabilized fourplex is ideal for 'house hacking' or immediate rental income, offering a rare turn-key opportunity in a high-demand coastal market.
Each of the four 1,072 sq. ft. townhome-style units features 2 bedrooms, 1.5 bathrooms, in-unit laundry, and private patios, providing a high standard of living for tenants.
The property includes two designated parking spots per unit, a premium feature in beach communities that significantly enhances tenant retention and property value.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6534, other record lot size in square feet = 7365.
The assigned public schools have relatively low ratings, ranging from 2 to 4, which may impact the property's appeal to families and long-term appreciation potential.
Originally constructed in 1965, the property may require more frequent maintenance of core systems compared to modern developments, despite its current turn-key status.
Situated in San Diego’s southernmost coastal pocket, this turnkey 4-plex features four expansive, 1,072 sq. ft. townhome-style residences. Each unit offers 2 bedrooms, 1.5 bathrooms, in-unit laundry, a private patio, and 2 designated parking spaces. This property presents a versatile opportunity: perfect for an owner-occupant looking to "house-hack" and enjoy a coastal lifestyle subsidized by rental income, or a savvy investor seeking a stabilized, high-performing asset with strong rental upside. Whether you are acquiring your first multifamily property or expanding an existing portfolio, this is a rare, low-vacancy opportunity to secure a premier stake on the San Diego coast. Highly rentable layout and prime location close to beaches, shopping, and transit.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades 7-8 • 1.4 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 4,288 | - |
| Lot Size | 6,534 | - |
| Price | $1.69M | $1.04M |
| Price per sq ft | $394 | $483 |
| Built year | 1965 | 0 |
| HOA | $0 | $0 |
| Days on market | 98 | 48 |
Jul 7, 2026
$1,688,000
$1,750,000
-4% Price Drop
Initial Listing
Jun 3, 2026
$1,750,000
$1,899,900
-8% Price Drop
Initial Listing
Apr 28, 2026
$1,899,900
$1,999,900
-5% Price Drop
Initial Listing
Apr 15, 2026
$1,999,900
Initial Listing
Nov 3, 2021
$1,885,000
Public Record
Jan 7, 2021
$975,000
Public Record