Five-Unit Apartment
For Sale
$550,000
942 - 948 E G St, Brawley, CA 92227
MULTI_FAMILY - Brawley, CA
Property Size2,247 SF
Lot Size0.18 Acres
Price / SF$244.77
Days on Market79
Property Features for 942 - 948 E G St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-3
Bedrooms
4
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 2, Bathroom 1, Bathroom 3, Bathroom 5, Bathroom 4, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 3
Parking
5
Parking features
Driveway, On Street
Directions
From Dogwood turn right on Malan st, then left on Cesar Chavez, then finally left on G st. Units will be on your left hand side.
Subdivision
520
Standard status
Active
APN
049-042-029-000
Size
2,247 SF
Lot size
0.18 Acres
Utilities
Cooling system
Window Unit(s)
Building Details
Year built
1964
Floors in Building
1
Number of units
5
Flooring type
Linoleum, Carpet, Tile
Roof type
Shingle, Composition
Listing Agency:
Victor D. Conner, Real Estate
(760) 235-9006
Listed By:
Victor D. Conner · License #02034884
(760) 235-9006
Added: Jun 13
Changed: Aug 7
Last Checked: Aug 30 at 2:06AM
MLS# 26847317IC
Copyright © 2026 Imperial County Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Five-unit apartment building located at 942–948 E G St in Brawley, CA 92227, on a 0.176-acre lot. The property is configured with four one-bedroom apartments and one studio unit. Concrete block exterior walls are noted as part of the building’s construction.
The building totals 2,247 square feet and was built in 1964. Cooling is provided by window unit(s). Interior flooring includes tile, carpet, and linoleum. The roof is described as shingle/composition.
Parking is listed as on-street and driveway. The property is zoned R-3. Bathrooms and bedrooms are included across the unit mix, including multiple bedrooms and five bathroom listings in the room record.
The building totals 2,247 square feet and was built in 1964. Cooling is provided by window unit(s). Interior flooring includes tile, carpet, and linoleum. The roof is described as shingle/composition.
Parking is listed as on-street and driveway. The property is zoned R-3. Bathrooms and bedrooms are included across the unit mix, including multiple bedrooms and five bathroom listings in the room record.
Key Highlights
- Four one‑bedroom apartments plus one studio in a five‑unit building
- Concrete block exterior walls
- 0.176‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,643
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$372,860
$372.9K
Cap Rate 7%
$266,329
$266.3K
Cap Rate 9%
$207,144
$207.1K
Market Conditions
NOI Build-Up for 2,247 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$35.1K $15.60/SF
− Vacancy
−$1.2K −$0.51/SF
EGI
$33.9K $15.09/SF
− OpEx
−$15.3K −$6.79/SF
NOI
$18.6K $8.30/SF
Area
Imperial County, CA
Vacancy
3.30%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$372,860
Cap Rate 7%
$266,329
Cap Rate 9%
$207,144
Alternative Uses
Best Use
Apartment 5plus
$266.3K
$233.0K – $310.7K
NOI $18,643 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$573.2K
$501.5K – $668.7K
NOI $40,122 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
646
Businesses Nearby
Explore this area
Business Placement
Demographics for 92227, CA
27,492
Population
9,062
Households
3
Avg Household Size
33
Median Age
14%
College-Educated
74%
High-School Grad
593.7 sq mi
ZIP Area
46
Density / Sq Mi
$60,593
Median Household Income
$36,295
Median Earnings
$955
Median Rent
$272,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit apartment building zoned R-3 with concrete block exterior walls and window-unit cooling.
Where is this apartment building located?
The property is located at 942 - 948 E G St Brawley, CA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Four one‑bedroom apartments plus one studio in a five‑unit building; Concrete block exterior walls; 0.176‑acre lot
