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For sale
  • $3,999,000

    236 Palm Ave, Imperial Beach, CA 91932

    --beds
    0baths
    12,000sqft
    : 
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    Multi Family
    Built in ----
    -- sqft lot
    $3,932,200 Zestimate®
    $333/sqft
    $-- HOA

    What's special

    High-end contemporary designLow-maintenance landscaping
    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.
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    Zillow last checked:

    Listing updated:

    Listed by:

    Soraya Pizzey DRE #01210272 619-616-6455,

    Colwell Realty IB Inc

    Source: SDMLS,MLS#: 260016464MLS LogoOriginating MLS: SDMLS

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0
      Heating
      • Central Forced Air Elec
      Cooling
      • Central Forced Air Elec
      Features
      • Flooring: Other/Remarks
      Interior area
      • Total structure area: 12,000
      • Total interior livable area: 12,000 sqft

      Property

      Parking
      • Parking features: Spaces, EV Charging Station(s)
      Features
      • Levels: 3 Story
      • Stories: 3
      Details
      • Parcel number: 6250230700
      • Special conditions: Other/Remarks

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • All Auto Sprinklers, Cable Available, Fully Landscaped, Solar Owned, Remarks
      • Roof: Other/Remarks

      Community & HOA

      Location
      • Region: Imperial Beach

      Financial & listing details

      • Price per square foot: $333/sqft
      • Date on market: 7/7/2026
      • Listing terms: AITD,Assumable 1st,Cash,Cash to Existing Loan,Land Contract,Owner May Carry 1st,Submit,Use Existing Lender,Other/Remarks

        Estimated market value

        $3,932,200

        $3.74M - $4.13M

        $3,375/mo

        Price history

        DateEventPrice
        7/7/2026Listed for sale$3,999,000+60%$333/sqft
        Source: SDMLS #260016464 Report a problem
        5/3/2022Sold$2,500,000$208/sqft
        Source: SDMLS #190028125 Report a problem
        12/17/2021Sold$2,500,000$208/sqft
        Source: Agent Provided Report a problem
        4/8/2014Listing removed$800
        Source: Hutchins Realty Report a problem
        12/19/2013Listed for rent$800
        Source: Hutchins Realty Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 91932

        Getting around

        71 / 100
        Very Walkable
        44 / 100
        Some Transit
        66 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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