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$ 3,500,000
Est. payment | /mo
4 Beds
4 Baths
$ 3,500,000
Est. payment | /mo
4 Beds
4 Baths
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Imperial Beach
MLS Listing ID 250033465
Bedrooms 4
Year Built 1925
Property Sub-Type Res Income 2-4 Units
Property Description
WHITEWATER Commercial Real Estate is proud to present 997 Ocean Lane, a truly rare beachfront investment opportunity in the heart of Imperial Beach, California. This is the first time this property has ever been offered for sale, making it a “once in a generation” chance to own a prime coastal asset with significant value-add potential. Situated on two commercial-zoned parcels totaling 6,020 SF, this 5-unit property includes three studio units in the main building and two 1-bedroom units along Elkwood Avenue. All units are in original condition and significantly under rented, providing immediate upside for investors through renovation and repositioning. What makes this property truly special is its direct access to the beach, combined with walkability to vibrant restaurants, bars, and shops along Seacoast Drive. As Imperial Beach continues its transformation with new developments, rising demand, and a growing reputation 997 Ocean Ln is perfectly positioned for long term appreciation. Located just minutes from Coronado and Chula Vista, this is a high-demand rental market where tenants consistently pay a premium to live steps from the sand. Whether you're a long-term investor, developer, or looking to create a boutique beach retreat, there are only a finite of opportunities like this to exist.
Location
State CA
County San Diego
Area South Bay
Interior
Heating Fireplace
Fireplace No
Exterior
Fence Other/Remarks
View Y/N Yes
View Ocean, Panoramic, Panoramic Ocean
Roof Type Other/Remarks
Building
Story 2
Level or Stories 2
Others
Tax ID 625-340-01-00
Listed by Carson P Trujillo Whitewater CRE Inc
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