980 Georgia St

980 Georgia St

Btop 30%

Imperial Beach, CA 91932

$599,999
STR: check · Imperial Beach: confirm the zone · TOT 14%

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 →

Virtual Tour

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.

Mortgage Calculator

Est. Monthly Payment

$4,108

Principal & Interest$3,333
Property Tax$600
Insurance$175
%($120,000)
%
Loan Term

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 found

This Property

$2,582

vs

Comp Average

$2,774

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

41B
Est. Monthly Rent
$2,582

15 leases of 1–3 bed houses within 1 mi · $2,584–$2,935

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,526
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,620

What would make this work?

$2,620/mo short at 20% down; 83% down or +$3,403/mo rent closes it.

Break-even price

57% under asking

$258,857
Break-even rent

$3,403/mo above the estimate

$5,985/mo
Cashflow at 35% down
−$1,995/mo
Down payment to break even

$497,999 cash

83%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,333
Cap Rate
1.68%
Cash-on-Cash
-26.20%
DSCR

Need ≥ 1.25 for DSCR loan

0.63

NOI (Annual)
$10,107
Price-to-Rent

Lower = better for investors

19.4

* 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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BCashflow−$2,620/mo