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700 Blair Ave 8 Unit Apartment Building $1,175,000 ($146,875/Unit) 8% Cap Rate Calexico, CA 92231
Investment Highlights
- Hi desirable area
- Close to shopping
- Close to schools
Executive Summary
Charming Eight-Unit Complex – All Two-Bed, One-Bath, Newly Remodeled!
$115,200 annual income! Welcome to this beautifully updated eight-unit multifamily property, each unit featuring a comfortable two-bedroom, one-bath layout. Recently remodeled interiors offer modern finishes and a fresh, inviting atmosphere. With a solid cap rate of 8.00%, this property not only provides excellent rental income but also represents a fantastic investment opportunity. Don’t miss out on adding this turnkey building to your portfolio with strong returns and great curb appeal!
$115,200 annual income! Welcome to this beautifully updated eight-unit multifamily property, each unit featuring a comfortable two-bedroom, one-bath layout. Recently remodeled interiors offer modern finishes and a fresh, inviting atmosphere. With a solid cap rate of 8.00%, this property not only provides excellent rental income but also represents a fantastic investment opportunity. Don’t miss out on adding this turnkey building to your portfolio with strong returns and great curb appeal!
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$115,200
|
$22.68
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$115,200
|
$22.68
|
| Taxes |
$12,710
|
$2.50
|
| Operating Expenses |
$8,400
|
$1.65
|
| Total Expenses |
$21,110
|
$4.16
|
| Net Operating Income |
$94,090
|
$18.52
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $115,200 |
| Annual Per SF | $22.68 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $115,200 |
| Annual Per SF | $22.68 |
| Taxes | |
|---|---|
| Annual | $12,710 |
| Annual Per SF | $2.50 |
| Operating Expenses | |
|---|---|
| Annual | $8,400 |
| Annual Per SF | $1.65 |
| Total Expenses | |
|---|---|
| Annual | $21,110 |
| Annual Per SF | $4.16 |
| Net Operating Income | |
|---|---|
| Annual | $94,090 |
| Annual Per SF | $18.52 |
Property Facts
| Price | $1,175,000 | Property Subtype | Apartment |
| Price Per Unit | $146,875 | Apartment Style | Low-Rise |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 8% | Building Size | 5,080 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.27 | No. Stories | 2 |
| No. Units | 8 | Year Built/Renovated | 1978/2017 |
| Property Type | Multifamily | ||
| Zoning | RA - Multifamily | ||
| Price | $1,175,000 |
| Price Per Unit | $146,875 |
| Sale Type | Investment |
| Cap Rate | 8% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11.27 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.26 AC |
| Building Size | 5,080 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1978/2017 |
| Zoning | RA - Multifamily |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | 637 |
1 1
Fairly walkable
40/100
Moderately drivable
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 058-373-006-000 | Total Assessment | $691,906 (2025) |
| Land Assessment | $84,896 (2025) | Annual Taxes | $12,710 ($2.50/SF) |
| Improvements Assessment | $607,010 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
058-373-006-000
Land Assessment
$84,896 (2025)
Improvements Assessment
$607,010 (2025)
Total Assessment
$691,906 (2025)
Annual Taxes
$12,710 ($2.50/SF)
Tax Year
2024
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700 Blair Ave
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