Renovated Six-Unit Multifamily
For Sale
$2,740,000
1147 Grove Ave, Imperial Beach, CA 91932
Recently renovated six-unit property with modern interiors, exterior upgrades, and 12 surface parking spaces.
Lot Size0.46 Acres
Days on Market99
Property Features for 1147 Grove Ave
General Information
Standard status
Active
Total Parking Spaces
12
Lot size
0.46 Acres
Property subtype
Commercial
Additional Details
Furnished
Yes
Multifamily Units
6
Amenities
pool
air conditioning
Building Details
Year Renovated
2024
Tenancy
Multi
Listing Agency:
CBRE | San Diego
(858) 248-1222
Listed By:
Nate Pepper · License #01993739
(858) 248-1222
Source:
Elliman
Added: Apr 24
Changed: Jul 23
Last Checked: Jul 23 at 10:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | San Diego
Investment Insights
Based on property information with market context.
1147 Grove Avenue is a recently renovated six-unit multifamily property featuring updated interiors and major exterior improvements completed in 2024. The six large units include four three-bedroom, one-bath apartments, one two-bedroom, one-and-a-half bath townhouse, and one three-bedroom, two-bath detached house at the front of the property. Three units are furnished. Renovations include hard-surface countertops, new appliances, new cabinetry, vinyl plank flooring, air conditioning, exterior paint and stucco, a new roof, new electrical systems, and refinishing of the pool and pool area.
The property provides 12 surface parking spaces with the parking lot re-slurried and re-striped. It is situated on a 20,129 square foot lot, offering potential for additional development, including potential ADU construction.
Overall, this is a turnkey, modernized income property configured as a mix of apartments and a front detached house, supported by substantial 2024 renovation work and updated site improvements.
The property provides 12 surface parking spaces with the parking lot re-slurried and re-striped. It is situated on a 20,129 square foot lot, offering potential for additional development, including potential ADU construction.
Overall, this is a turnkey, modernized income property configured as a mix of apartments and a front detached house, supported by substantial 2024 renovation work and updated site improvements.
Key Highlights
- Recently renovated 6‑unit property on a 20,129 SF lot in Imperial Beach
- 2024 renovations include new roof, new electrical systems, new exterior paint and stucco, plus updated interiors
- Unit upgrades include hard‑surface countertops, new appliances, new cabinetry, vinyl plank flooring, and air conditioning
Property Analytics
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
434
Businesses Nearby
Explore this area
Business Placement
Demographics for 91932, CA
26,013
Population
10,276
Households
2.5
Avg Household Size
35
Median Age
24%
College-Educated
85%
High-School Grad
4.3 sq mi
ZIP Area
6,050
Density / Sq Mi
$79,071
Median Household Income
$41,917
Median Earnings
$1,914
Median Rent
$811,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Recently renovated six-unit property with modern interiors, exterior upgrades, and 12 surface parking spaces.
Where is this apartment building located?
The property is located at 1147 Grove Ave Imperial Beach, CA.
What is the asking price?
The asking price for this property is $2,740,000.
What are key features of this property?
This property features: Recently renovated 6‑unit property on a 20,129 SF lot in Imperial Beach; 2024 renovations include new roof, new electrical systems, new exterior paint and stucco, plus updated interiors; Unit upgrades include hard‑surface countertops, new appliances, new cabinetry, vinyl plank flooring, and air conditioning
