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789 Calla Ave 12 Unit Apartment Building $3,450,000 ($287,500/Unit) Imperial Beach, CA 91932
INVESTMENT HIGHLIGHTS
- Premier Imperial Beach location with significant rental upside
- Proximity to the beach, employment, restaurants, shopping, cafes, schools, parks, and entertainment
- Convenient access to the Silver Strand and Interstate 5
- Ideal unit mix with spacious one- and two-bedroom floor plans, individually metered for gas & electric
- Private laundry facility, 6 carports, and 11 open parking spaces for tenant convenience
- Competitive housing market ideal for multifamily investment
EXECUTIVE SUMMARY
CBRE is pleased to offer for sale 789 Calla Avenue, a 12-unit residential community ideally located in the heart of Imperial Beach. An excellent investment opportunity, 789 Calla offers a new investor significant immediate rental upside. Built in 1973, the property features an ideal unit mix of spacious one-bedroom and two-bedroom floor plans,
individually metered for gas and electric. The property also includes 6 carports, 11 open spaces, and a private laundry facility for the tenant’s
convenience. Recent capital improvements include new electrical main and sub panels, roof (replaced June 2021), and passed SB 721/E3 balcony inspection on August 7, 2024.
The property enjoys proximity to employment, restaurants, entertainment, shopping, parks, schools, and the beach. As a result, the area attracts young professionals, families, retirees, and Naval personnel from the Navy Seal Training Center and Naval Outlying Landing Field, seeking a beach lifestyle with strong sense of community.
All of which make Imperial Beach ideal for multifamily investment.
individually metered for gas and electric. The property also includes 6 carports, 11 open spaces, and a private laundry facility for the tenant’s
convenience. Recent capital improvements include new electrical main and sub panels, roof (replaced June 2021), and passed SB 721/E3 balcony inspection on August 7, 2024.
The property enjoys proximity to employment, restaurants, entertainment, shopping, parks, schools, and the beach. As a result, the area attracts young professionals, families, retirees, and Naval personnel from the Navy Seal Training Center and Naval Outlying Landing Field, seeking a beach lifestyle with strong sense of community.
All of which make Imperial Beach ideal for multifamily investment.
PROPERTY FACTS
| Price | $3,450,000 | Building Class | C |
| Price Per Unit | $287,500 | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 11,348 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1973 |
| Apartment Style | Low-Rise | Parking Ratio | 0.88/1,000 SF |
| Zoning | R4 - Multi-Family | ||
| Price | $3,450,000 |
| Price Per Unit | $287,500 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 11,348 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 0.88/1,000 SF |
| Zoning | R4 - Multi-Family |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | $1,998 | 570 - 783 |
| 2+1 | 7 | $2,395 | 783 - 789 |
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Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 626-202-06 | Improvements Assessment | $1,061,208 |
| Land Assessment | $3,077,503 | Total Assessment | $4,138,711 |
PROPERTY TAXES
Parcel Number
626-202-06
Land Assessment
$3,077,503
Improvements Assessment
$1,061,208
Total Assessment
$4,138,711
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789 Calla Ave
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