236 Palm Ave, Imperial Beach, CA, 91932
About This Home
This shovel-ready new development includes approved plans and permits, completed demolition, utility permits, and an installed temporary power pole, allowing construction to begin quickly. The high-end design features solar power, all-electric systems, ample parking, a highly visible location, and a commercial space equipped with a grease trap for flexible use. Located one block from the ocean in the heart of town, the units offer desirable views and strong coastal appeal. This high-end contemporary development offers ocean, bay, and mountain views just one block from the beach. The project spans three stories and includes 15 total units: 1 commercial space and 14 residential units (5 two-bedroom and 9 one-bedroom apartments). The property includes 18 dedicated off-site parking spaces. The approximately 13,000-square-foot lot is zoned for vacation rentals and designed with contemporary architecture focused on luxury living. Shovel-ready, city-approved project one block from the beach Seller will consider a partnership. City Council has approved plans for a three-story mixed-use development with residential and commercial units on a large corner lot near the beach and the new Navy SEAL Team base. The offering includes land, approved plans, permits, completed demolition, utility permits, and a temporary power pole already installed, allowing construction to move forward quickly. Features • High-end contemporary design with ocean, bay, and mountain views one block from the beach. • Three-story mixed-use project with 15 total units: 14 residential units and one commercial space. • Residential mix includes nine one-bedroom apartments and five two-bedroom apartments. • Commercial space includes a grease trap, supporting flexible food-service or retail use. • 18 dedicated off-site parking spaces. • Approximately 13,000-square-foot lot zoned for vacation rentals. • Solar power, all-electric systems, and low-maintenance landscaping. • Central courtyard designed for outdoor living and community gathering. • Recognized by the City of Imperial Beach and the Coastal Commission as a model of modern development. Location & Community Located on a prominent corner in a sought-after vacation rental zone, the property sits in a walkable beach community surrounded by three bodies of water. Its coastal setting, military demand, and proximity to international visitors support both short-term and long-term housing demand. The site is one block from the beach with convenient access to downtown San Diego, the airport, Mexico, major military bases, and regional tourist attractions. Nearby amenities include the pier, dining, fishing, estuaries, birdwatching, biking trails, surfing, paddleboarding, jet skiing, boating, and frequent public transportation service. Investment Highlights This shovel-ready mixed-use development offers a streamlined path to construction with approved plans, permits, completed demolition, utility permits, and temporary power already in place. The project combines coastal visibility, vacation-rental zoning, contemporary design, and flexible commercial use in a high-demand Imperial Beach location.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Materials
- Roof: Other/Remarks
- Construction materials: All Auto Sprinklers,Cable Available,Fully Landscaped,Solar Owned,Remarks
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Features
- Flooring: Other/Remarks
Heating & Cooling
- Heating features: Central Forced Air Elec
- Cooling features: Central Forced Air Elec
Interior Area
- Total structure area: 12,000
- Total interior livable area: 12,000 sqft
Property
Details
- Parcel number: 6250230700
- Special condition: Other/Remarks
Features
- Levels: 3 Story
- Stories: 3
Parking
- Parking features: Spaces,EV Charging Station(s)
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in San Diego County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $20,221 | $242,652 |
| Home Insurance * | $668 | $8,016 |
| Property Taxes | $2,232 | $26,784 |
| Electricity | $2,573 | $30,878 |
| Total | $25,694 | $308,328 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-07 | Listed for sale | $3,999,000 |
| 2022-05-03 | Sold | $2,500,000 |
| 2021-12-17 | Sold | $2,500,000 |
| 2014-04-08 | Listing removed | $800 |
| 2013-12-19 | Listed for rent | $800 |
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