$1,100,000
SOLD DEC 4, 2025

981-83 Elder Ave Imperial Beach, CA 91932

4 Beds
2 Baths
1,736 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$634 Per Sq Ft

4% Below List Price

34 Days on Market

Highlights

  • 1-Story Property
  • Central Air
  • Property is Fully Fenced
  • Attic Fan

About This Home

As of December 2025

Fully remodeled duplex in the heart of Imperial Beach featuring a new roof, upgraded electrical, refreshed landscaping, and complete interior and exterior renovations. Ideal for an owner-occupant looking to live in one unit and rent the other, or for an investor seeking turnkey rental income. One unit already rented at$2,900/mo. Located just minutes from the beach, this property offers modern finishes, strong curb appeal, and excellent upside in one of San Diego’s last affordable coastal communities.

Last Agent to Sell the Property

Ryan Merriken

Landmark Multifamily and Development License #02147674 Listed on: 10/28/2025

Landmark Multifamily and Development

Last Buyer's Agent

John Gaxiola

eXp Realty of California, Inc. License #02167348

eXp Realty of California, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 6,994 Sq Ft Lot
  • Property is Fully Fenced
  • Sprinkler System

Home Design

  • Composition Roof
  • Stucco

Interior Spaces

  • 4 Bedrooms
  • 1,736 Sq Ft Home
  • 1-Story Property
  • Attic Fan

Utilities

  • Central Air

Listing and Financial Details

  • Tenant pays for electricity, gas/propane

Community Details

Overview

  • 2 Units
  • Veterans Park Community
  • Imperial Beach Subdivision

Building Details

  • Operating Expense $18,879

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

6,994 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Year Built: 1958
  • Unit Levels: 1 Story
  • Property Sub Type: Res Income 2-4 Units
  • Security Features: N/K
  • CapRate: 4.2
  • Co List Office Mls Id: 993586
  • Subdivision Name: IMPERIAL BEACH
  • BuildingName: Veterans Park
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-12-08T22:33:36Z
  • AgeRestrictions: N/K
  • FullAddress: 981-83 Elder Ave
  • ShortSale: No
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Total Bedrooms: 4

Exterior Features

  • Fencing: Full
  • Roof: Composition
  • Construction Type: Stucco

Utilities

  • Cooling: Attic Fan, Central Forced Air

Lot Info

  • Lot Size Sq Ft: 6994.0

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 2
  • Annual Operating Expense: 18879.0
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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 Prior Sale
12/16/2025 12/16/25 Off Market $1,100,000 -- --
12/07/2025 12/07/25 Off Market $1,150,000 -- --
12/04/2025 12/04/25 Sold $1,100,000 -4.3% $634 / Sq Ft
12/01/2025 12/01/25 Pending -- -- --
11/10/2025 11/10/25 Off Market $1,150,000 -- --
10/28/2025 10/28/25 For Sale $1,150,000 +64.3% $662 / Sq Ft
08/30/2024 08/30/24 Sold $700,000 -12.5% $403 / Sq Ft View Prior Sale
05/23/2024 05/23/24 Pending -- -- --
05/21/2024 05/21/24 For Sale $800,000 -- $461 / Sq Ft
Source: San Diego MLS

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 $2,352 $700,000 $229,097 $470,903
2024 $2,352 $76,717 $25,108 $51,609
2023 $2,267 $75,214 $24,616 $50,598
2022 $2,192 $73,740 $24,134 $49,606
2021 $2,022 $72,295 $23,661 $48,634
2020 $1,827 $71,555 $23,419 $48,136
2019 $1,711 $70,153 $22,960 $47,193
2018 $1,763 $68,778 $22,510 $46,268
2017 $1,787 $67,430 $22,069 $45,361
2016 $1,593 $66,109 $21,637 $44,472
2015 $1,606 $65,116 $21,312 $43,804
2014 $1,618 $63,841 $20,895 $42,946
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 250042845

San Diego MLS
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