3 on Grove

1336-38 Grove Ave ,
Imperial Beach , CA 91932

 

$1,499,000
Offering Price
12.25
GRM
$499,667
Price Per Unit
3
Number of Units
4.99%
Cap Rate
2,000
Building SF
$1,499,000
Offering Price
12.25
GRM
$499,667
Price Per Unit
3
Number of Units
4.99%
Cap Rate
2,000
Building SF

  • 1336 Grove Ave is a luxurious triplex located in the heart of Imperial Beach. This property features a brand-new 2BR/2BA ADU and two fully renovated 2BR/1BA Apartments. Each unit boasts modern styling and amenities, including luxury vinyl plank flooring, custom cabinetry and countertops, stainless steel appliances, and an efficient AC/Heat mini-split system. Investors can also generate additional income by renting out two single-car garages and utilizing the extra unused lot area for an additional ADU or RV/boat/trailer storage. This multifamily property presents an incredible opportunity for both investors and homeowners alike.

  • Imperial Beach, nestled in San Diego's South Bay region, stands as California's southernmost beach town. With a residential charm and a population of 26,000, it sits just 14.1 miles south of downtown San Diego and 5 miles northwest of downtown Tijuana, Mexico. Renowned for its picturesque beaches, Imperial Beach boasts a captivating 4-mile shoreline, offering a myriad of activities including world-class surfing, exhilarating sport fishing, beach volleyball, and scenic horseback riding along the coast. Consistently lauded for its idyllic climate, the city finds its place among the top 10 Best Weather Cities in America according to the Farmer's Almanac. Connectivity thrives in Imperial Beach, linked to Coronado via the picturesque Silver Strand, a slender, 7-mile isthmus. Moreover, the recent completion of the Imperial Beach Eco-Bikeway provides residents with seamless access, connecting Seacoast Drive to the expansive 24-mile Bayshore Bikeway encircling the San Diego Bay. This network empowers residents to traverse safely for work or leisure, reaching destinations like Coronado and Downtown San Diego with ease.
FOR MORE DETAILS CONTACT
Seth Watje
President
(619) 358-3748
Watje@StarkerWest.com
01805453
Adam Cairo
Vice President
(619) 300-0173
cairo@starkerwest.com
01948040