1343-1347 Grove Ave - Apartments FOR SALE


Imperial Beach, CA 91932
$2,475,000 USD
619-300-0173
1343-1347 Grove Ave, Imperial Beach, CA for Sale
$2,475,000 USD
Apartments - FOR SALE
1/18
null | 5.5% Cap Rate

1343-1347 Grove Ave
Imperial Beach, CA 91932


HIGHLIGHTS

  • RECENT RENOVATIONS - Extensively Upgraded Interior and Exterior
  • STRONG UNIT MIX - Comprised of All 2 Bedroom Units
  • ATTRACTIVE AMENITIES - Private Entrance, Private Yards, Off Street Parking, Built in 1980 - Renovated in 2025.
  • DESIRABLE AREA - Well Located Near Numerous Consumer Retail Centers, Businesses & Restaurants

OVERVIEW

Presenting a prime investment opportunity in the heart of Imperial Beach, this multifamily property at 1343 Grove Ave offers a strong mix of all 2-bedroom units, providing a reliable income stream for investors. Situated on a spacious 10,553 SF lot, the property boasts ample parking and is located in a highly desirable area with proximity to local amenities, schools, and just minutes from the beach. The property is well-maintained, with stable in-place rents, making it an ideal addition to any investment portfolio. With its combination of excellent location, and solid unit configuration this property presents a unique chance for both immediate cash flow and long-term appreciation. Key Features: - All 2-bedroom units - Large 10,553 SF lot - Ample parking for tenants - Strong in-place rents Whether you're looking to expand your rental portfolio or secure a steady income property, 1343 Grove Ave offers a fantastic opportunity.

FOR SALE DETAILS

PRICE

$2,475,000 USD

PRICE/SF

$518 USD /SF

# OF UNITS

6

PRICE/UNIT

$412,500

CAP RATE

5.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

R3

APN/PARCEL ID

633-161-22

ASK ABOUT THIS PROPERTY

Adam CairoStarker West, IncMore Info
619-300-0173

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Adam CairoStarker West, IncMore Info
619-300-0173

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.