
1328 Iris Avenue #2
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: -$1,927/mo full cashflow at 20% down, 7.43% rate.
Works at $198,096 (56% under asking), or at 82% down.
Rent $2,384/mo from 8 leases of 1–3 bed condos & townhomes within 0.5 mi ($2,155–$2,871).
Beds
2
Baths
1
Sqft
798
Year Built
1975
Days on Market
98
Property Type
Condo
HOA/mo
$314
MLS ID
PTP2605888
This property is in Imperial Beach (91932). Browse neighborhood analytics →
About This Property
BEST PRICE CONDO IN THE IMPERIAL BEACH AREA! PRICED TO SELL AND AMONG THE BEST CONDO VALUES IN THE IMPERIAL BEACH AREA. Fantastic opportunity in a prime location! This freshly painted first-floor unit features 2 spacious bedroom with large closets, 1 full bathroom and an assigned parking space conveniently located at the rear of the complex. Situated in a small, gated community, this home offers both comfort and privacy. The open-concept layout is filled with natural light and includes wood kitchen cabinets, granite countertops, and a convenient in-unit full-size stackable washer and dryer. The well-proportioned bedrooms and functional floor plan make this home both practical and inviting. Ideally located within walking distance to local shops, dining and close proximity to military bases, this property offers excellent walkability and convenient. Perfect for first time buyers looking to build equity or for investors seeking strong rental potential in a highly desirable coastal area. Conveniently located near top local schools, including Mar Vista High School, Mar Vista Academy and Oneonta Elementary School, making this an excellent choice for families seeking accessability to quality education.
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Est. Monthly Payment
$3,388
Location
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Zoned Schools
Elementary
Oneonta Elementary · grades K-6 · 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
$2,384
Comp Average
$2,511
1274 Holly Ave.
2bd / 2ba · 735 sqft · Condo
$399K
Est. $2,537/mo
239 Ebony Avenue
2bd / 1ba · 920 sqft · Condo
$449K
Est. $2,487/mo
1340 Holly Avenue
2bd / 1ba · 800 sqft · Condo
$440K
Est. $2,306/mo
1220 Seacoast Drive
2bd / 1ba · 909 sqft · Condo
$510K
Est. $2,844/mo
1328 Iris Ave
2bd / 1ba · 794 sqft · Condo
$470K
Est. $2,379/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
8 leases of 1–3 bed condos & townhomes within 0.5 mi · $2,155–$2,871
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$1,927/mo short at 20% down; 82% down or +$2,502/mo rent closes it.
- Break-even price
- $198,096
- Break-even rent
- $4,886/mo
- Cashflow at 35% down
- −$1,459/mo
- Down payment to break even
- 82%
- Rate to break even
- Not reachable
56% under asking
$2,502/mo above the estimate
$368,180 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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