$1,155,000
SOLD MAR 27, 2025

1131 Elm Ave Imperial Beach, CA 91932

5 Beds
3 Baths
1,752 Sq Ft
1957 Built

Recently Sold

$659 Per Sq Ft

7 Days on Market

Highlights

  • Zoned Heating and Cooling
  • Level Lot
  • 1-Story Property
  • Property is Fully Fenced
  • West of 5 Freeway

About This Home

As of March 2025

Located in the heart of Imperial Beach, this incredible 2-on-1 duplex offers a fantastic opportunity for both homeowners and investors. The front house features 2 bedrooms and 1 bathroom, with vinyl plank flooring, dual pane windows, recessed lighting, and a dedicated driveway with two parking spaces.The back house is a spacious 3-bedroom, 1.5-bathroom home with a ceiling fan in each room, a beautiful mosaic backsplash, and a peninsula kitchen with modern pendant lighting. This unit also includes an oversized two-car garage, which presents the potential to be converted into an ADU or expanded with a second-story addition. Both homes have been updated with newer mini splits, newer gas water heaters, and fully fenced backyards that offer privacy and outdoor space. The kitchens feature shaker cabinets with soft-close mechanisms, quartz countertops, and stainless steel appliances. Each unit also comes with its own washer and dryer, electric meter, and gas meter for added convenience. Conveniently located near freeways, restaurants, military bases, and just a 7-minute drive to the beach, this duplex offers incredible potential for rental income or multi-generational living.

Last Agent to Sell the Property

Tessa De Mari

Coldwell Banker West License #02137361 Listed on: 02/12/2025

Coldwell Banker West

Last Buyer's Agent

Marcia Parkes

Coldwell Banker West License #00848671

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 8,090 Sq Ft Lot
  • Property is Fully Fenced
  • Level Lot
  • Sprinkler System

Parking

  • RV Potential

Home Design

  • Composition Roof
  • Stucco Exterior

Schools

  • South Bay Union School District Elementary And Middle School
  • Sweetwater Union High School District

Utilities

  • Zoned Heating and Cooling
  • Separate Water Meter
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • 1-Story Property
  • West of 5 Freeway

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane, trash
  • Assessor Parcel Number 626-440-08-00

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Imperial Beach Community

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $56,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: 11th St & Elm Ave
  • Neighborhood: Imperial Beach
  • Stories: 1 Story
  • Sale Price List Price: 1.0
  • Total Stories: 1
  • Year Built: 1957
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Boat Facilities: No/Unknown
  • Exterior Material: Stucco
  • Fencing: Full
  • Roof: Composition

Garage/Parking

  • Parking for RV: Potential Space

Utilities

  • Cooling: Zoned Area(s)
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Cable (coaxial)
  • Heat Equipment: Zoned Areas

Condo/Co-op/Association

  • Complex Name: Imperial Beach
  • Pets Allowed: Yes
  • Community: IMPERIAL BEACH
  • Manager Name: Tessa De Mari
  • Manager Phone: 949-637-9115

Schools

  • School District URL: http://www.suhsd.k12.ca.us/
  • Elementary School: South Bay Union School District
  • Elementary School Website: http://sbusd.k12.ca.us/web/index.htm
  • High School: Sweetwater Union High School District
  • Middle School Url: http://sbusd.k12.ca.us/web/index.htm
  • Middle School: South Bay Union School District

Lot Info

  • Irrigation: Sprinklers
  • Lot Size: 7,500-10,889 SF
  • Site: West of I-5
  • Topography: Level
  • Water District: CALIFORNIA AMERICAN
  • Assessor Parcel Number: 626-440-08-00
  • Estimated Lot Sq Ft: 8090

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane, Trash

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 56500
  • Gross Rent Multiplier Actual: 14.97
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2025 03/27/25 Sold $1,155,000 +0.4% $659 / Sq Ft
02/20/2025 02/20/25 Pending -- -- --
02/12/2025 02/12/25 For Sale $1,150,000 -- $656 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tessa De Mari

    Seller's Agent in 2025

    Tessa De Mari

    Coldwell Banker West

    (949) 637-9115

    1 in this area

    50 Total Sales

    Tessa De Mari
    Section Image

  • M

    Buyer's Agent in 2025

    Marcia Parkes

    Coldwell Banker West

See All Agents

Map

Source: San Diego MLS

MLS Number: 250018750

San Diego MLS

APN: 626-440-08-00

California San Diego County Imperial Beach 91932

1131 Elm Ave, Imperial Beach, CA

Sold

MultiFamily

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