$8,950,000
$350K PRICE DROP

163 Elder Ave Imperial Beach, CA 91932

Estimated payment $46,347/month

Total Views 2,370
2 Beds
2 Baths
20,976 Sq Ft
$427 Price per Sq Ft

Highlights

  • 17,718 Sq Ft lot
  • Central Heating
  • 1-minute walk to Reama Park

About This Home

19 large 2 bed, 2 bath units that make an ideal condominium product. Built 1988. Units include fireplace, full size washer and dryer, two private balconies, and some ocean views. 1 1/2 blocks to the beach. Walkable and Bikeable location. Condo mapped property with separate APN's and water meters. 4th floor view deck for all units.

Listing Agent

ray adams

Ray Adams Investment Real Estate Inc License #00989238 Listed on: 02/09/2026

Property Details

Home Type

  • Condominium

Home Design

  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 2 Bedrooms
  • 20,976 Sq Ft Home
  • 3-Story Property

Parking

  • 38 Parking Spaces
  • 18 Carport Spaces
  • Parking Available

Utilities

  • No Cooling
  • Central Heating

Community Details

  • 19 Units
  • Operating Expense $200,150

Property Details

Home Type

Condominium

Lot Details

0.41 Acres

Listing Details

  • Property Type: Residential Income
  • Stories: 3
  • Unit Levels: 3 Story
  • Property Sub Type: Com-Res Income
  • Community Features: Other/Remarks
  • CapRate: 4.4
  • Co List Office Mls Id: 4865
  • Living Area: 20976.0
  • Structure Type: Condo
  • FeedTypes: IDX
  • RFModificationTimestamp: 2026-02-26T20:22:15Z
  • FullAddress: 163-199 Elder Ave.
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 2
  • Flooring: Slab

Exterior Features

  • Roof: Composition
  • Construction Type: Drywall, Frame, Stucco

Garage/Parking

  • Carport Spaces: 18.0
  • Parking Features: Carports, Other/Remarks, Spaces
  • Total Parking Spaces: 38.0

Utilities

  • Cooling: None
  • Heating: Central Forced Air Gas
  • Laundry Features: Owned

Lot Info

  • Lot Size Sq Ft: 17718.0

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 19
  • Annual Operating Expense: 200150.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,538 $364,006 $245,412 $118,594
2024 $4,538 $356,869 $240,600 $116,269
2023 $4,492 $349,873 $235,883 $113,990
2022 $4,421 $343,013 $231,258 $111,755
2021 $4,291 $336,288 $226,724 $109,564
2020 $5,276 $428,400 $316,200 $112,200
2019 $5,320 $420,000 $310,000 $110,000
2018 $2,238 $151,251 $49,560 $101,691
2017 $2,288 $148,287 $48,589 $99,698
2016 $2,077 $145,381 $47,637 $97,744
2015 $2,074 $143,198 $46,922 $96,276
2014 $2,039 $140,394 $46,003 $94,391
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/26/2026 02/26/26 Price Changed $8,950,000 -3.8% $427 / Sq Ft
02/09/2026 02/09/26 For Sale $9,300,000 -- $443 / Sq Ft
Source: San Diego MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $6,200,000 First American Title Company
Interfamily Deed Transfer -- Fidelity National Title Comp
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $3,550,000 Commercial
Source: Public Records

Source: San Diego MLS

MLS Number: 260003133

San Diego MLS

APN: 625-353-23-11

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