
941 Grove Ave
Btop 30%Imperial Beach, CA 91932
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!
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Est. Monthly Payment
$5,447
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
$4,141
Comp Average
$3,919
1325 5th St
3bd / 2ba · 1,344 sqft · Single Family
$819K
Est. $4,195/mo
1211 9th St
3bd / 2ba · 1,188 sqft · Single Family
$850K
Est. $3,694/mo
734 Carolina Street
3bd / 2ba · 1,159 sqft · Single Family
$949K
Est. $3,902/mo
302 Calla Avenue
3bd / 2ba · 1,300 sqft · Single Family
$1.01M
Est. $4,149/mo
1431 California Steet
3bd / 2ba · 1,208 sqft · Single Family
$950K
Est. $3,653/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
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)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,925/mo short at 20% down; 74% down or +$3,799/mo rent closes it.
- Break-even price
- $417,189
- Break-even rent
- $7,940/mo
- Cashflow at 35% down
- −$2,097/mo
- Down payment to break even
- 74%
- Rate to break even
- Not reachable
48% under asking
$3,799/mo above the estimate
$591,999 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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