943 Georgia Street, Imperial Beach, California 91932, Imperial Beach, 91932 - 4 bed, 2 bath
ACTIVE$1,549,000
943 Georgia Street, Imperial Beach, California 91932
4Beds
2Baths
1,398Sqft
7,191Lot
Year Built
1980
Close
-
List price
$1.55M
Original List price
$1.65M
Price/Sqft
$1,108
HOA
-
Days on market
-
Sold On
-
MLS number
PTP2507756
Home ConditionGood
Features
View-
About this home
Possibly Over-Priced:The estimated price is 19% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.55M(98th), sqft - 1398(50th), beds - 4(62th), baths - 2(50th).
Beautiful mix of recently remodeled with new construction, this multi-unit property is ready to add to your rental portfolio or have your immediate/extended family live together but not under the same roof! 4 units total offering over 7% CAP RATE.
Nearby schools
2/10
Central Elementary School
Public,•K-6•0.2mi
3/10
Mar Vista Academy
Public,•7-8•0.5mi
4/10
Mar Vista Senior High School
Public,•9-12•1.1mi
Price History
Date
Event
Price
11/08/25
Price Change
$1,549,000-3.1%
11/05/25
Price Change
$1,599,000-3.0%
10/10/25
Listing
$1,649,000
Condition Rating
Good
While built in 1980, the listing explicitly states a 'beautiful mix of recently remodeled with new construction,' suggesting significant and recent updates. The exterior images show a freshly painted home with what appear to be newer windows and a well-maintained roof. Although interior images are not provided to assess kitchen and bathroom specifics, the description implies these areas have been updated, making the property move-in ready with no immediate renovation required. This aligns with the 'Good' condition criteria for a property that has undergone substantial renovation within the last 5-15 years.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7191, living area = 1398.
Multi-Unit Investment Opportunity: The property is explicitly marketed as a 4-unit multi-family dwelling, offering significant income potential for investors or flexible living arrangements for extended families.
Attractive Capitalization Rate: With an advertised capitalization rate of 'over 7%', this property presents a compelling return on investment for prospective buyers.
Modern Updates and Condition: The description highlights a 'beautiful mix of recently remodeled with new construction,' suggesting updated aesthetics and reduced immediate maintenance needs.
Motivated Seller / Price Adjustment: Multiple price reductions from the original list price of $1.649M to the current $1.549M indicate a motivated seller and potential for negotiation.
Convenient School Access: The property benefits from close proximity to elementary, middle, and high schools, all within approximately one mile, enhancing its appeal to families.
Cons
Significant Overpricing vs. Market Estimate: The current listing price of $1.549M is approximately 19% higher than the estimated property value of $1.29M, potentially indicating an overvalued asset.
Ambiguous Unit Configuration & Legal Status: Despite being advertised as a 4-unit property, the listing details (4 beds, 2 baths, 1398 sqft total, and 'Single Family Residence' sub-type) suggest extremely small units and raise concerns about the legal permitting and classification of the multiple units.
Subpar Elementary School Rating: The nearest elementary school has a rating of 2, which may be a drawback for buyers prioritizing access to highly-rated educational institutions.