Miguel Contreras
Reign West Collective
(858) 630-6670
57 Total Sales
2 in Imperial Beach
$880K - $970K Price Range
481 Palm Ave Imperial Beach, CA 91932
Imperial Beach Area
2
Beds
1
Bath
7,200
Sq Ft
0.28
Acre Lot
About This Home
As of October 2025Offered for sale is a ten-unit residential income property located in the coastal community of Imperial Beach. This opportunity offers a desirable coastal location, preferred unit mix of all two-bedroom units, upgraded property, rent increase potential, recorded condo map, and attractive assumable financing. Residents enjoy convenient access to the beach, restaurants, shopping and local amenities. The neighborhood is a fun bikeable community with flat surface streets, beach vibes and the Bayshore Bike path that circles San Diego Bay. Imperial Beach is known for surfing and volleyball with a casual beach scene and year-round mild weather. Further, Imperial Beach has enjoyed rapid rent and value appreciation due to the military impact on this submarket. The Navy Seal training center at Silver Strand has expanded, bringing more employment and housing demand in addition to the Naval Outlying Landing Field Imperial Beach and other naval facilities in the submarket. The property offers an easy to maintain income property with many upgrades. The property has vinyl windows, six panel exterior doors, modern texture walls, washer/dryers in unit, individual water heaters, vinyl plank floors, upgraded appliances, granite countertops, 10 parking spaces, and ample off-street parking. The property has a recorded condo map and has increased value sold as condominiums. Finally, there is an existing assumable loan on the property at 3.06% fixed until November of 2026 with monthly interest only payments. Please drive by the property discreetly without disturbing the tenants or management.
Last Agent to Sell the Property
Ray Adams Investment Real Estate Inc License #00989238 Listed on: 04/10/2025
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Property Details
Home Type
- Multi-Family
Lot Details
- 12,404 Sq Ft Lot
Parking
- 10 Parking Spaces
Home Design
Interior Spaces
- 2 Bedrooms
- 7,200 Sq Ft Home
- 2-Story Property
Community Details
- 10 Units
- Operating Expense $87,850
Listing and Financial Details
- Total Actual Rent $21,290
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 10, 2025
Closed on
Oct 22, 2025
Sold by
Bought by
Seller's Agent
ray adams
Ray Adams Investment Real Estate Inc
Buyer's Agent
Jeff Rogoway
Prime Property
List Price
$4,000,000
Sold Price
$3,600,000
Premium/Discount to List
-$400,000
-10%
Views
9
Purchase Details
Closed on
Jun 23, 2021
Sold by
Bought by
Purchase Details
Closed on
Mar 31, 2021
Sold by
Bought by
Purchase Details
Closed on
Sep 29, 2017
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,053,000
Interest Rate
3.85%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
May 6, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,010,000
Interest Rate
5.81%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 22, 2002
Sold by
Bought by
Purchase Details
Closed on
Mar 21, 2002
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$688,000
Interest Rate
5.87%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 8, 1987
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Imperial Beach, CA
-
Miguel Contreras
-
Martin Montesano
Martin Montesano
RE/MAX City Real Estate
(619) 831-8598
19 Total Sales
1 in Imperial Beach
$760,000 Price
-
Cathy Clamp
Cathy Clamp
Catherine Clamp Real Estate
(858) 223-9040
38 Total Sales
28 in Imperial Beach
$470K - $1.5M Price Range
-
Alma Porras
Alma Porras
The Real Estate Solution
(858) 221-9714
47 Total Sales
2 in Imperial Beach
$654K - $850K Price Range
-
Agne Isidro
Agne Isidro
Innovate Realty, Inc.
(858) 757-8350
62 Total Sales
1 in Imperial Beach
$589,900 Price
-
Max Folkers
Max Folkers
RE/MAX Pacific
(619) 304-1962
119 Total Sales
3 in Imperial Beach
$549K - $702K Price Range
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $3,600,000 | First American Title Company | ||
| -- | Chicago Title Co Com Div | ||
| $3,300,000 | Chicago Title Co Com Div | ||
| $2,615,000 | Chicago Title Company | ||
| -- | First American Title Co | ||
| -- | Lawyers Title | ||
| -- | Lawyers Title | ||
| $900,000 | Lawyers Title | ||
| $435,000 | -- |
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 | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $2,100,000 | ||
| Previous Owner | $1,053,000 | ||
| Previous Owner | $978,000 | ||
| Previous Owner | $990,000 | ||
| Previous Owner | $1,845,000 | ||
| Previous Owner | $1,010,000 | ||
| Previous Owner | $688,000 | ||
| Previous Owner | $30,000 | ||
| Previous Owner | $75,000 |
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 |
|---|---|---|---|---|
| 10/27/2025 10/27/25 | Sold | $3,600,000 | -2.7% | $500 / Sq Ft |
| 08/18/2025 08/18/25 | Price Changed | $3,700,000 | -5.1% | $514 / Sq Ft |
| 06/04/2025 06/04/25 | Price Changed | $3,900,000 | -2.5% | $542 / Sq Ft |
| 04/16/2025 04/16/25 | For Sale | $4,000,000 | -- | $556 / Sq Ft |
Source: San Diego MLS
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 | $48,563 | $3,600,000 | $2,500,000 | $1,100,000 |
| 2025 | $48,563 | $3,572,025 | $2,489,593 | $1,082,432 |
| 2024 | $46,008 | $3,501,986 | $2,440,778 | $1,061,208 |
| 2023 | $45,603 | $3,433,320 | $2,392,920 | $1,040,400 |
| 2022 | $44,419 | $3,366,000 | $2,346,000 | $1,020,000 |
| 2021 | $37,263 | $2,748,831 | $1,787,003 | $961,828 |
| 2020 | $36,509 | $2,720,646 | $1,768,680 | $951,966 |
| 2019 | $35,682 | $2,667,300 | $1,734,000 | $933,300 |
| 2018 | $34,916 | $2,615,000 | $1,700,000 | $915,000 |
| 2017 | $140 | $1,300,000 | $628,000 | $672,000 |
| 2016 | $18,989 | $1,300,000 | $628,000 | $672,000 |
| 2015 | $19,246 | $1,300,000 | $628,000 | $672,000 |
| 2014 | $18,261 | $1,230,000 | $595,000 | $635,000 |
Source: Public Records
Agents Affiliated with this Home
-
ray adams
r
Seller's Agent in 2025
ray adams
Ray Adams Investment Real Estate Inc
(858) 546-5456
30 Total Sales
-
Jeff Rogoway
J
Buyer's Agent in 2025
Jeff Rogoway
Prime Property
(619) 322-3888
4 Total Sales
Map
Source: San Diego MLS
MLS Number: 250024667
APN: 625-241-01-00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property.
BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, noncommercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly
prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2026 San Diego MLS.
Nearby Homes
- 466 Calla Ave
- 356 Citrus Ave
- 330 Donax Ave
- 651 Thorn St
- 523 Sandpiper Way
- 519 Heron Ln
- 270 Dahlia Ave Unit 5
- 782-88 3rd St
- 608 7th St
- 507 Heron Ln
- 282 Daisy Ave Unit 24
- 263 Dahlia Ave Unit 2
- 259 Donax Ave Unit H
- 245 Dahlia Ave
- 595 7th St
- 611 Silver Strand Blvd
- 236 Palm Ave
- 255 Daisy Ave
- 246 Calla Ave
- 221 Donax Ave Unit 4
Your Personal Tour Guide
Ask me questions while you tour the home.