
207 Elkwood Avenue #1
Ctop 80%Imperial Beach, CA 91932
An HOA may ban rentals of 30 days or less (Civ. Code §4741): check the CC&Rs.
Pass at asking: -$3,083/mo full cashflow at 20% down, 7.43% rate.
Works at $277,045 (59% under asking), or at 86% down.
Rent $3,426/mo from 8 leases of 2–4 bed condos & townhomes within 0.5 mi ($2,949–$3,524).
Beds
3
Baths
2
Sqft
1,160
Year Built
1991
Days on Market
59
Property Type
Condo
HOA/mo
$510
MLS ID
PTP2606913
This property is in Imperial Beach (91932). Browse neighborhood analytics →
About This Property
VA-APPROVED CONDO JUST ONE BLOCK FROM THE BEACH! Welcome to coastal living in the heart of Imperial Beach. This desirable SINGLE-LEVEL, 3-BEDROOM, 2-BATH CORNER UNIT offers the perfect combination of LOCATION, LIFESTYLE, and INVESTMENT POTENTIAL. Step inside to a bright, OPEN FLOOR PLAN featuring WOOD-PLANK TILE FLOORING, RECESSED LIGHTING, and an inviting coastal feel throughout. The UPDATED KITCHEN features STAINLESS STEEL APPLIANCES and opens seamlessly to the dining and living areas, creating a comfortable space for everyday living and entertaining. Enjoy THREE SPACIOUS BEDROOMS, TWO UPDATED FULL BATHROOMS, NEW AIR CONDITIONING, and a COVERED PRIVATE PATIO overlooking the nearby park where you can enjoy OCEAN BREEZES and beautiful SUNSET VIEWS. Additional highlights include TWO ASSIGNED PARKING SPACES, including ONE COVERED, GATED PARKING SPACE, plus the convenience of a VA-APPROVED COMMUNITY. This property also offers an ESTABLISHED RENTAL HISTORY, having generated Airbnb revenue for four consecutive years, providing an exciting opportunity for buyers looking for a PRIMARY RESIDENCE, SECOND HOME, or INVESTMENT PROPERTY, subject to applicable HOA rules, local regulations, and permitting requirements. LOCATION IS EVERYTHING! Enjoy being JUST ONE BLOCK FROM THE PACIFIC OCEAN and close to the IB PIER, BEACHES, WALKING AND BIKING TRAILS, RESTAURANTS, BREWERIES, FARMERS MARKETS, and everything the Imperial Beach lifestyle has to offer. BEACH LOCATION, SINGLE-LEVEL LIVING, CORNER UNIT, VA APPROVED, TWO PARKING SPACES, AND PROVEN RENTAL HISTORY — this is a coastal opportunity you don't want to miss!
Mortgage Calculator
Est. Monthly Payment
$5,156
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
$3,426
Comp Average
$3,368
105 Calla Ave
2bd / 1.5ba · 1,088 sqft · Townhouse
$649K
Est. $3,661/mo
1365 Seacoast Dr
3bd / 2ba · 1,175 sqft · Condo
$565K
Est. $3,338/mo
270 Dahlia Ave
3bd / 2ba · 1,280 sqft · Condo
$630K
Est. $3,568/mo
152 Evergreen Ave
2bd / 2ba · 1,114 sqft · Condo
$725K
Est. $3,130/mo
1514 Seacoast
2bd / 2ba · 1,253 sqft · Condo
$999K
Est. $3,142/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
8 leases of 2–4 bed condos & townhomes within 0.5 mi · $2,949–$3,524
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,083/mo short at 20% down; 86% down or +$4,004/mo rent closes it.
- Break-even price
- $277,045
- Break-even rent
- $7,430/mo
- Cashflow at 35% down
- −$2,376/mo
- Down payment to break even
- 86%
- Rate to break even
- Not reachable
59% under asking
$4,004/mo above the estimate
$583,510 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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