$3,999,000
PRE-FORECLOSURE The borrower is in default on their loan obligation and/or the bank or lender has initiated foreclosure proceedings. This property is occupied, do not disturb the occupants. Trespassing is a criminal offense.

Estimated payment $23,163/month

Total Views 1,760
-- Bed
-- Bath
12,000 Sq Ft
$333 Price per Sq Ft

Highlights

  • Solar owned by seller
  • Landscaped
  • Central Heating and Cooling System
  • Electric Vehicle Home Charger

About This Home

This shovel-ready new development includes approved plans and permits, completed demolition, utility permits, and an installed temporary power pole, allowing construction to begin quickly. The high-end design features solar power, all-electric systems, ample parking, a highly visible location, and a commercial space equipped with a grease trap for flexible use. Located one block from the ocean in the heart of town, the units offer desirable views and strong coastal appeal. This high-end contemporary development offers ocean, bay, and mountain views just one block from the beach. The project spans three stories and includes 15 total units: 1 commercial space and 14 residential units (5 two-bedroom and 9 one-bedroom apartments). The property includes 18 dedicated off-site parking spaces. The approximately 13,000-square-foot lot is zoned for vacation rentals and designed with contemporary architecture focused on luxury living.

Listing Agent

Soraya Pizzey

Colwell Realty IB Inc License #01210272 Listed on: 07/07/2026

Property Details

Home Type

  • Multi-Family

Home Design

Interior Spaces

  • 12,000 Sq Ft Home
  • 3-Story Property

Parking

  • Electric Vehicle Home Charger
  • Parking Available

Additional Features

  • Solar owned by seller
  • Landscaped
  • Central Heating and Cooling System

Community Details

  • 15 Units

Property Details

Home Type

Multi-Family

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Stories: 3
  • Unit Levels: 3 Story
  • Property Sub Type: Com-Res Income
  • Co List Office Mls Id: 991611
  • Directions: Palm Ave Go west towards the Beach
  • Living Area: 12000.0
  • Structure Type: Apartment, Other/Remarks
  • FeedTypes: IDX
  • RFModificationTimestamp: 2026-07-07T21:17:38Z
  • FullAddress: 236 Palm
  • ShortSale: No
  • SupplementRemarks: Shovel-ready, city-approved project one block from the beach Seller will consider a partnership. City Council has approved plans for a three-story mixed-use development with residential and commercial units on a large corner lot near the beach and the new Navy SEAL Team base. The offering includes land, approved plans, permits, completed demolition, utility permits, and a temporary power pole already installed, allowing construction to move forward quickly. Features • High-end contemporary design with ocean, bay, and mountain views one block from the beach. • Three-story mixed-use project with 15 total units: 14 residential units and one commercial space. • Residential mix includes nine one-bedroom apartments and five two-bedroom apartments. • Commercial space includes a grease trap, supporting flexible food-service or retail use. • 18 dedicated off-site parking spaces. • Approximately 13,000-square-foot lot zoned for vacation rentals. • Solar power, all-electric systems, and low-maintenance landscaping. • Central courtyard designed for outdoor living and community gathering. • Recognized by the City of Imperial Beach and the Coastal Commission as a model of modern development. Location & Community Located on a prominent corner in a sought-after vacation rental zone, the property sits in a walkable beach community surrounded by three bodies of water. Its coastal setting, military demand, and proximity to international visitors support both short-term and long-term housing demand. The site is one block from the beach with convenient access to downtown San Diego, the airport, Mexico, major military bases, and regional tourist attractions. Nearby amenities include the pier, dining, fishing, estuaries, birdwatching, biking trails, surfing, paddleboarding, jet skiing, boating, and frequent public transportation service. Investment Highlights This shovel-ready mixed-use development offers a streamlined path to construction with approved plans, permits, completed demolition, utility permits, and temporary power already in place. The project combines coastal visibility, vacation-rental zoning, contemporary design, and flexible commercial use in a high-demand Imperial Beach location.
  • Special Features: None

Interior Features

  • Flooring: Other/Remarks

Exterior Features

  • Roof: Other/Remarks
  • Construction Type: All Auto Sprinklers, Cable Available, Fully Landscaped, Solar Owned, Remarks

Garage/Parking

  • Parking Features: Spaces, EV Charging Station(s)

Utilities

  • Cooling: Central Forced Air Elec
  • Heating: Central Forced Air Elec

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 15

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $14,193 $1,190,674 $1,190,674
2025 $14,193 $1,167,328 $1,167,328
2024 $29,140 $2,507,364 $1,144,440 $1,362,924
2023 $31,036 $2,458,200 $1,122,000 $1,336,200
2022 $31,235 $2,410,000 $1,100,000 $1,310,000
2021 $15,405 $1,062,318 $212,463 $849,855
2020 $13,590 $965,000 $289,000 $676,000
2019 $13,378 $965,000 $289,000 $676,000
2018 $8,654 $630,000 $189,000 $441,000
2017 $8,191 $630,000 $189,000 $441,000
2016 $7,638 $600,000 $180,000 $420,000
2015 $7,085 $550,000 $165,000 $385,000
2014 $7,211 $550,000 $165,000 $385,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/07/2026 07/07/26 For Sale $3,999,000 +60.0% $333 / Sq Ft
05/03/2022 05/03/22 Sold $2,500,000 0.0% -- View Prior Sale
03/30/2020 03/30/20 Off Market $2,500,000 -- --
02/04/2020 02/04/20 Price Changed $2,100,000 -4.5% --
11/20/2019 11/20/19 Price Changed $2,200,000 -4.3% --
08/05/2019 08/05/19 Price Changed $2,300,000 -4.2% --
05/23/2019 05/23/19 For Sale $2,400,000 -- --
Source: San Diego MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Grant Deed $2,410,000 Lawyers Title
Interfamily Deed Transfer -- First American Ttl San Diego
Interfamily Deed Transfer -- First American Ttl San Diego
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Ticor Title San Diego
Guardian Deed $825,000 Diversified Title & Escrow S
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $1,500,000 Credit Line Revolving
Previous Owner $960,000 Commercial
Previous Owner -- Commercial
Previous Owner $725,000 Commercial
Previous Owner $618,750 Commercial
Source: Public Records

Source: San Diego MLS

MLS Number: 260016464

San Diego MLS

APN: 625-023-07

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