124 Elder #D
Btop 30%Imperial Beach, CA 91932
An HOA may ban rentals of 30 days or less (Civ. Code §4741): check the CC&Rs.
Pass at asking: -$1,998/mo full cashflow at 20% down, 7.43% rate.
Works at $138,838 (65% under asking), or at 93% down.
Rent $1,892/mo from 9 leases of condos & townhomes within 0.5 mi, size-adjusted ($1,805–$2,325).
Beds
Studio
Baths
1
Sqft
429
Year Built
1988
Days on Market
47
Property Type
Condo
HOA/mo
$391
MLS ID
260023162SD
This property is in Imperial Beach (91932). Browse neighborhood analytics →
About This Property
Coastal living at its best! This bright and inviting studio is just steps from the Imperial Beach Pier, sandy beaches, shops, restaurants, and parks. Enjoy ocean breezes and natural light throughout the day. Features include granite countertops, travertine tile flooring, built-in washer and dryer, and a Murphy bed with a retractable privacy wall for flexible living. The Brigantine is right around the corner for dining and happy hour. Whether you're looking for a beach getaway, investment property, or affordable coastal home, this charming studio offers the perfect blend of comfort, convenience, and location. MUST SEE!!
Mortgage Calculator
Est. Monthly Payment
$3,123
Location
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Zoned Schools
Elementary
Imperial Beach Charter · grades K-8 · South Bay Union
Middle
Mar Vista Academy · grades 7-8 · Sweetwater Union High
High
Mar Vista Senior High · grades 9-12 · Sweetwater Union High
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Comparable Properties
5 comps foundThis Property
$1,892
Comp Average
$2,442
1274 Holly Ave.
2bd / 2ba · 735 sqft · Condo
$399K
Est. $2,537/mo
1340 Holly Avenue
2bd / 1ba · 800 sqft · Condo
$440K
Est. $2,306/mo
1328 Iris Ave
2bd / 1ba · 794 sqft · Condo
$470K
Est. $2,379/mo
1460 Seacoast Drive
1bd / 2ba · 669 sqft · Condo
$545K
Est. $2,596/mo
1365 Seacoast
2bd / 1ba · 650 sqft · Condo
$481K
Est. $2,394/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
9 leases of condos & townhomes within 0.5 mi, size-adjusted · $1,805–$2,325
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$1,998/mo short at 20% down; 93% down or +$2,595/mo rent closes it.
- Break-even price
- $138,838
- Break-even rent
- $4,487/mo
- Cashflow at 35% down
- −$1,583/mo
- Down payment to break even
- 93%
- Rate to break even
- Not reachable
65% under asking
$2,595/mo above the estimate
$371,070 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.
Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.
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