941 Grove Ave
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941 Grove Ave

Btop 30%

Imperial Beach, CA 91932

$799,999
NEW — 1d

Pass at asking: -$2,925/mo full cashflow at 20% down, 7.36% rate.

Works at $417,189 (48% under asking), or at 74% down.

Rent $4,141/mo from 12 leases of 3–5 bed houses within 1 mi ($3,378–$4,149).

Beds

4

Baths

2

Sqft

1,232

Year Built

1961

Days on Market

1

Property Type

Single Family

HOA/mo

N/A

MLS ID

260026856SD

This property is in Imperial Beach (91932). Browse neighborhood analytics →

About This Property

Welcome home to this completely renovated and beautifully reimagined 4-bedroom, 2-bathroom home, offering a thoughtfully updated living space just nine blocks from the beach. The extensive renovation brings together modern finishes, functional design, and comfortable coastal living. Inside, you'll find new luxury vinyl flooring, fresh interior and exterior paint, dual-pane windows, updated electrical and plumbing, and recessed lighting throughout. The redesigned kitchen features new cabinetry with soft-close hardware, quartz countertops, a tile backsplash, stainless steel appliances, and a new sliding glass door that opens to the backyard. Both bathrooms have been completely renovated with stylish tile surrounds, new vanities, quartz countertops, and modern fixtures. Additional highlights include a refreshed fireplace, new interior doors and trim, ceiling fans, and updated lighting throughout. Outside, enjoy newly landscaped front and back yards, a new fence, and a concrete patio ready for outdoor dining and entertaining. Conveniently located near local restaurants, parks, schools, grocery stores, and all the everyday essentials, with the sand and surf just minutes away. This move-in-ready home offers the perfect opportunity to enjoy everything Imperial Beach has to offer!

Mortgage Calculator

Est. Monthly Payment

$5,447

Principal & Interest$4,414
Property Tax$800
Insurance$233
%($160,000)
%
Loan Term

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.

Investment Score

48B
Est. Monthly Rent
$4,141

12 leases of 3–5 bed houses within 1 mi · $3,378–$4,149

Blended 50/50 with the zip's market median ($4,712)

Monthly Cashflow

Rent − PITIA

-$1,306
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,925

What would make this work?

$2,925/mo short at 20% down; 74% down or +$3,799/mo rent closes it.

Break-even price

48% under asking

$417,189
Break-even rent

$3,799/mo above the estimate

$7,940/mo
Cashflow at 35% down
−$2,097/mo
Down payment to break even

$591,999 cash

74%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,414
Cap Rate
2.54%
Cash-on-Cash
-21.94%
DSCR

Need ≥ 1.25 for DSCR loan

0.76

NOI (Annual)
$20,351
Price-to-Rent

Lower = better for investors

16.1

* Modelled at 20% down, 7.36% 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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BCashflow−$2,925/mo