tomo logo

$1,150,000

Beds
5
Baths
3.0
sq ft
1,780

554 7th St, Imperial Beach, CA 91932

554 7th St

Imperial Beach, CA 91932

  • 31 days on market
The beach house you’ve been waiting for has arrived, paid off solar, paid off Tesla powerwalls, beautiful, and full of potential! Welcome to this spacious 5-bedroom, 3-bath home nestled in one of Southern California’s last affordable beach communities. Less than a mile from Imperial Beach and Coronado Beach, this home offers the perfect blend of coastal charm and investment opportunity. Sitting on a oversized lot, there’s ample space to build an ADU in the backyard and a junior ADU above the garage, allowing an incredible opportunity for multigenerational living or rental income. Enjoy the refreshing ocean breeze or cool down with the central A/C system. Whether you’re looking for a primary residence, long-term rental, or short-term vacation rental, this property checks all the boxes!

Details

Property type

Single Family Residence

Est. home value

$1,143,298

Lot size

7,329 sq ft

Price per sq ft

$647

Year built

1975

Price History

02/01/2025
SanDiego

SanDiego #250017913

Listed
$1,150,000
+27.92%
09/04/2021
SanDiego

SanDiego #PTP2105751

Sold
$899,000
+45%
12/13/2017
CRMLS

CRMLS #170049105

Sold
$620,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$281,225
Asking price
$1,150,000
Closing costs (~8% of asking)
-$92,000
Est. remaining loan balance
-$776,775
Cash to seller
$281,225

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Everett Financial Inc

Loan start date

October 2021

Original loan amount

$840,200

Est. remaining balance

$776,775

Interest rate

2.87%

Loan type

VA, 30 year

Seller

Patrick Andres Willis

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/03/2025 at 9:10 PM

Listing updated: 02/24/2025 at 11:58 AM

Listed by: Timothy Diamond, Timothy Diamond, Compass Phone #: (858) 345-4514

MLS: SanDiego #250017913

SanDiego logo

Recently listed in Imperial Beach