
980 Georgia St
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: -$2,620/mo full cashflow at 20% down, 7.43% rate.
Works at $258,857 (57% under asking), or at 83% down.
Rent $2,582/mo from 15 leases of 1–3 bed houses within 1 mi ($2,584–$2,935).
Beds
2
Baths
1
Sqft
775
Year Built
1961
Days on Market
83
Property Type
Single Family
HOA/mo
N/A
MLS ID
260020393SD
This property is in Imperial Beach (91932). Browse neighborhood analytics →
About This Property
Detached, private, garage and No HOA. This beautifully remodeled 2-bedroom, 1-bath home offers a rare alternative to traditional condo living with no shared walls, thoughtfully updated interiors, & inviting outdoor space. The kitchen takes center stage with stainless steel appliances, marble countertops, a modern backsplash, & full-height cabinetry, while wide-plank luxury vinyl flooring carries throughout the home. The remodeled bathroom features custom tile work, an updated vanity, fixtures, & a clean contemporary design. Additional improvements include updated windows, doors & hardware, lighting, baseboards & casings, plus a newer garage door & motor. Outside, enjoy a sunny, private fenced front yard with artificial turf & a platform deck, creating an ideal spot for morning coffee, entertaining, or simply enjoying the coastal climate. The residence is fully detached with no HOA and provides individual ownership following the separation of the property's original two-home configuration. Enjoy the best of Imperial Beach, from biking the Bayshore Bikeway toward Coronado & exploring the local Estuary to afternoons at the pier & neighborhood favorites including Mike Hess Brewing, Pizza Port, Millport, IB Thai, and CH Donuts. Remodeled, detached, no shared walls, no HOA, private outdoor space, & a one-car garage, an uncommon combination just minutes from Coronado & San Diego.
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Est. Monthly Payment
$4,108
Location
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Zoned Schools
Elementary
Central 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
3 comps foundThis Property
$2,582
Comp Average
$2,774
577 Florence St
2bd / 2ba · 768 sqft · Single Family
$750K
Est. $2,614/mo
523 8th St.
2bd / 1ba · 895 sqft · Single Family
$849K
Est. $2,972/mo
535 12th St
2bd / 1ba · 780 sqft · Single Family
$825K
Est. $2,735/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
15 leases of 1–3 bed houses within 1 mi · $2,584–$2,935
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,620/mo short at 20% down; 83% down or +$3,403/mo rent closes it.
- Break-even price
- $258,857
- Break-even rent
- $5,985/mo
- Cashflow at 35% down
- −$1,995/mo
- Down payment to break even
- 83%
- Rate to break even
- Not reachable
57% under asking
$3,403/mo above the estimate
$497,999 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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