777 Cypress Avenue, Imperial Beach, California 91932, Imperial Beach, 91932 - 0 bed, 0 bath
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Imperial Beach, California 91932
This Coastal Triplex Income Property is listed at $1,599,000, reflecting the premium of a stabilized asset in a high-demand beach community. While the price is set above the $1,437,181 Fair Market Value, the property provides immediate house-hack potential with two occupied units and one vacant, updated residence. Featuring a Good Condition Rating, the asset includes a massive 9,658-square-foot lot, stone countertops, and a private patio. Situated near Bayside Elementary and Mar Vista Academy, this versatile opportunity is perfectly suited for Buy-and-Hold Investors or Owner-Occupants looking to build equity in Imperial Beach.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 777 Cypress Avenue Subject | $1,375,000* List Price | 0 | 0 | 2,266 | $482 | - |
A 962 Florence St Sold | $995,000 | 4 | 5 | 2,200 | $452 | 0.7 mi |
B 1226 Fern Ave Active | $1,249,000 List Price | 6 | 4 | 2,510 | $498 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1959, the property has been well-maintained and significantly updated, making it move-in ready. The kitchen features stainless steel appliances, stone countertops, and updated wood cabinetry. The bathroom has been modernized with a newer vanity, fixtures, and a clean tub surround. The interior also boasts contemporary laminate flooring and updated light fixtures. Exterior improvements, such as the newer wood fencing and pergola, further support a 'good' condition rating as the major components appear functional and updated within the last 5 to 15 years.
The triplex configuration allows for immediate rental income from two occupied units while providing a vacant third unit for an owner-occupant to 'house-hack' or for an investor to lease at current market rates.
Situated in the desirable Imperial Beach community, the property benefits from high rental demand, a walkable neighborhood feel, and easy access to Coronado and downtown San Diego.
The expansive 9,658-square-foot lot is significantly larger than average for the area, offering potential for future value-add improvements, ADU development, or enhanced outdoor amenities.
With a build date of 1959, the property may require significant capital expenditures for modernizing systems and maintaining the structural integrity of a vintage coastal asset.
The assigned public schools have low ratings (ranging from 2 to 4), which may limit the property's appeal to long-term family tenants or owner-occupants with school-aged children.
This three-unit income property in Imperial Beach offers a straightforward and compelling opportunity in one of San Diego County's most desirable coastal communities. Two units are currently occupied and generating consistent rental income, while the third is vacant and ready for an incoming buyer to either rent at current market rates or occupy as a primary residence. For an owner-occupant, the two income-producing units provide meaningful offset to carrying costs, making this as much a lifestyle purchase as an investment. Imperial Beach continues to attract strong rental demand, with tenants drawn to its beach access, walkable neighborhood feel, and connectivity to Coronado, Chula Vista, and downtown San Diego. It remains one of the more accessible coastal markets in the county, which keeps vacancy low and retention high. Whether you're an investor looking for a stabilized coastal asset or a buyer ready to live well while building equity, this property was built for both.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades 7-8 • 1.4 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,266 | 2,200 | 60% |
| Lot Size | 9,658 | 8,260 | 60% |
| Price | $1.38M | $1.07M | 80% |
| Price per sq ft | $607 | $460 | 80% |
| Built year | 1959 | 1965 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 34 | 78 | 20% |
Apr 16, 2026
$1,375,000
$1,599,000
-14% Price Drop
Initial Listing
Mar 19, 2026
$1,599,000
Initial Listing
Feb 26, 2020
$915,000
Public Record
Apr 28, 2004
$525,000
Public Record